Editor's Note: Our editorial feature topic for January is "Making Payments." During the month, we'll post numerous articles on accounts payable and other payment topics for QuickBooks Online and QuickBooks Desktop. Because of the number and complexity of apps, we'll cover these in our "App Aware" format. Look for these features interlaced with other regular and new bylines from our contributing authors.
AvidXchange is a leader in automating invoice and payment processes, making it possible for QuickBooks users to simplify, streamline and securely process invoices and payments.
They also offer multiple payment methods that result in predictable e-payment incentives. For users of QuickBooks Desktop, AvidXchange supports a touchless process with configurable two- and three-way PO matching, which provides flexible approval workflows with enhanced internal controls.
- You can manage their AP from anywhere with the internet using AvidXchange.
- You can gain control and enforce sound business practices, including segregation of duties with workflows that create permissions, approval requirements and audit trails from initial Purchase Order to payment.
- AvidXchange provides 100% automation, which enables you to transition to electronic invoices and payments.
- With AvidXchange, you will pay your suppliers based upon their choice of Mastercard, Avid Pay Direct (Deposit) or AvidPay Check.
- You can reduce your risk of fraud while simultaneously getting your vendors paid promptly using AvidXchange's secure and efficient payment processes.
- By eliminating manual tasks and cutting processing costs by up to 60%, you will reduce inefficiencies, so you can focus on your business and scale to meet future growth.
AvidXchange and QuickBooks Desktop
Using QuickBooks Desktop, you can save time and paper with AvidXchange's automated AP technology, giving your team the flexibility, security and efficiency to approve invoices and make payments anytime, anywhere. Their AP process automaton works with QBD to manage invoices, and pay bills as easy as Code, Approve and Pay.
You can maintain visibility and control over your accounts payable while AvidXchange does the work through the tight integration with QuickBooks Desktop. This tight integration is built right into the QuickBooks Desktop menu system. And the AvidXchange integration ensures you have fully coded and fully approved AP transactions ready for payment.
The AvidXchange integration with QBD provides you or your staff the ability to conveniently review and approve your accounts payable from anywhere there is internet access. In addition, you control the workflow of review and approval. That means you select which staff member can issue purchase orders, who can approve purchase orders, who can accept vendor bills and who can authorize vendor bills for payment, as well as who can process payments.
AvidXchange provides the ability to pay your vendors a choice of Mastercard, Avid Pay Direct (Deposit) or AvidPay Check. And AvidPay's Exclusive Network of more than 400,000 (and growing) vendors ensures you can quickly send those approved payments on your schedule. Some of your payments may even be eligible for a rebate.
Founded in 2000, AvidXchange processes more than $140 billion transactions annually across its network of more than 680,000 suppliers, transforming how 6,000 customers in North America pay their bills.
AvidXchange is changing how mid-market companies manage bill payments with invoice and payment automation. For more information about how AvidXchange works with QuickBooks Desktop, head over to the AvidXchange website.
Acknowledgments and Disclosures:
Graphics and content used within this feature were derived or adapted by the author in part from AvidXchange source materials, including the AvidXchange Website and the AvidXchange landing page at the Intuit QuickBooks Desktop App Store. Adapted source materials published within this feature by Insightful Accountant are for educational and product promotional purposes only.
AvidXchange, AvidInvoice, AvidPay and AvidPay Network are registered trademarks of AvidXchange Holdings Inc. ("AvidXchange" (NASDAQ: AVDX) domiciled in Charlotte, North Carolina, established in 2000. AvidXchange has offices in six additional cities across the US, including Birmingham, Alamaba; Los Angeles; Framingham, Massachusetts; Columbus, Mississippi; Houston; and Salt Lake City.
As used herein, QuickBooks and QuickBooks Desktop (QBD) refer to one or more registered trademarks of Intuit Inc., a publicly-traded corporation headquartered in Mountain View, California.
Any other trade names used herein refer to registered trademark products held by their respective owners. They are referenced for informational and educational purposes only.
This is an editorial feature, not sponsored content. No vendor has paid Insightful Accountant or the author remuneration of any type to be included within this feature. The article is provided solely for informational and educational purposes.