Cross-Border Payment Automation Solution
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Avalara Returns - SuiteTax

Payment Automation Solution

Status: Unverified

AvidXchange offers a seamlessly integrated, Built for NetSuite, AP and payment automation solution. Our full-service automated purchasing, invoicing and payments solution offers robust APIs and next-level data syncing. You’ll benefit from reduced payment processing costs and increased ROI from our solution. AvidPay for NetSuite SuiteApp works together with our Base SuiteApp to enable access to our U.S. domestic AvidPay and FastPay payment networks.

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Description

Accounts Payable and Payment Automation Built for NetSuite

AvidPay for NetSuite is an AP and payment automation solution built for NetSuite that helps organizations eliminate inefficient, paper-based processes and easily pay their bills. We provide AI-powered bill capture services backed by automated workflows that can present bills electronically for convenient approval from anywhere using a laptop or mobile device. Once approved, our AvidPay Network of over 965,000 suppliers provides a secure and efficient way to pay bills directly from NetSuite.

Key Benefits

Suite of Integrated Solutions: AvidXchange offers an end-to-end solution, including purchase order, invoice, receipt, and pay all tightly integrated into your existing NetSuite interface, so you aren’t jumping from one system to another.

Full-Service Supplier Services Team: We have 400 experienced team members who are laser-focused on onboarding your suppliers, understanding the conditions under which they will accept e-payments and ensuring they get paid on-time.

Eliminate Manual, Inefficient Processes: Our AI-powered bill capture services backed by automated workflows allow your team to focus on approvals, not data entry.

Improve Internal Controls and Reduce Fraud Risk: Our solution provides a bill image inside of NetSuite backed by a detailed audit trail and payment controls, such as positive pay processing.

Easily Pay Suppliers: We provide a variety of payment methods for your suppliers to choose from: Mastercard, AvidPay checks, or AvidPay Direct, our enhanced direct deposit payment method.

Anytime, Anywhere: As a web-based solution, your AP team and any approvers have the ability to conduct invoice and payments tasks, including approvals, anytime and no matter where you are.

The Power of AvidXchange

  • 10+ year relationship with NetSuite
  • SuiteCloud Developer Network (SDN) member
  • Built for NetSuite (BFN) Hybrid SuiteApp badge
  • SuiteSuccess certified
  • 500+ NetSuite customers using AvidXchange
  • Full Purchase-to-Pay offering for NetSuite
  • 965,000 total suppliers enrolled in the AvidPay Network
FEATURES

Paperless Invoice Processing

  • Manage and submit invoices electronically.
  • We capture and digitize 100% of your invoices using our AI-technology on your behalf.
  • All your invoices are stored electronically and can be accessed from NetSuite 24/7.
  • Provide a process that allows auditors to search invoices, making auditing season a breeze.

Purchase Order Matching

  • 2- and 3-way PO matching feature automates the matching of POs with both invoices and receipts.
  • Search features to quickly and easily find material receipts, purchase orders, and invoices.
  • Improved Supplier Relations with a streamlined P2P verification process.

Automated Approval Workflows

  • Create an unlimited number of approval workflows that mimics your current approval process.
  • Permissions-based access to matching capabilities to ensure only employees who should have access to this data do.
  • Real-time access to invoice statuses for visibility into your entire payables process.
  • Easily track and manage approvals from any device.

Payment Execution

  • We convert an average of more than 40% of your checks to e-payments, giving you increased ability to receive incentives on those payments.
  • We provide a variety of methods for your suppliers to choose from: MasterCard; AvidPay checks; or AvidPay Direct, an enhanced direct deposit payment method.
  • We are bank agnostic so you can continue to use your current banking relationships.
  • Set up payment approvals increase payment control and eliminate the need to physically sign checks.
  • Positive pay files are generated on all check payments initiated from the AvidPay Network for increased payment security.
  • Data segregation accommodates for OneWorld accounts.

FastPay Media Payments

  • Automation - Our technology eliminates the need to manually enter payment information into suppliers’ websites, reducing time and error
  • Visibility - The ePay application offers sophisticated reporting and payment transparency
  • Flexibility - Payments can be made via virtual card, ACH via the FastPay Network, and paper check
  • Integrations - Deep connectivity into popular media buying and accounting systems to streamline data syncing
  • Support - A dedicated customer success team to handle exception use cases, relationship management, and review growth opportunities