AvidXchange provides a complete solution for paperless AP and Payment automation that integrates seamlessly with Microsoft Dynamics GP.
AvidXchange gives you the power to accelerate approvals, reduce processing costs, and virtually eliminate paper with more transparency into, and control over, spending than you’ve ever had.
The components of the solution are Purchase Order automation, Invoice automation, and Payment automation.
The Purchase Order Application is a comprehensive, web-based solution that enables you to automate your company’s purchase order process and control costs by preventing unwanted purchases.
The Invoice Management Application is built to automate you company’s current accounts payable process. No matter how many invoices you have, they’ll be automatically coded, assigned to the appropriate workflow, and routed electronically for approval. Once invoices get your stamp of approval, they flow directly into your accounting system for payment processing.
The Bill Payment Application works in tandem with AvidXchange payment services and allows you to select payments from your accounting system which are then transmitted to the E Payment Application. Based on your company’s current approval processes, payment files are then routed to approvers for final approval before they are transmitted to vendors. Once approved, all payments are debited from your company’s bank account(s) to a trust account for secure funding and verified funds are distributed to vendors.
Contact us to find out more.