AvidXchange

This feature helps move approved purchase orders into the invoice workflow. The software compares each invoice line item against its purchase order line during review. Moreover, administrators can create purchase orders in AvidBuy or import them from the connected accounting system, then apply two-way or three-way matching to invoices. The solution matches each supplier's invoice to its purchase order once the order has been processed.

AvidXchange issues supplier payments once approval finishes. Throughout the run, the accounting system stays the system of record. After the run, the software returns detailed payment information files that support reconciliation. Moreover, its customizable workflows show payment and approval status in real time.

Analytics is an embedded business intelligence tool for accounts payable reporting. It draws on the invoice, payment, and purchase order products, so one dashboard covers the full cycle. Users can open pre-built dashboards and customize them for their preferences. Its AI enables users to ask questions in everyday language, which keeps query writing out of the process. Its answers cover invoice status, approval cycle times, and payment activity.

Lien waivers run inside AvidXchange TimberScan. The software creates a waiver to record the moment staff enter an invoice, select it for payment, or pay it. Each record attaches to its matching invoice, which covers partial and final waivers in conditional and unconditional form. Reusable templates speed up the ones staff prepare themselves. Plus, its automated reminders cover the documents still missing, and outstanding waivers appear grouped by vendor.

Its embedded AI runs across the AP lifecycle within AvidXchange. It scans and extracts invoice data first, and indexing services validate what it produces. Over time, it learns the account codes tied to each location and applies them to later invoices. Also, it lowers the chances of fraud as it keeps a note of behavior and transaction patterns, then adjusts its detection rules.