Product Verticals: All Industries
Business Processes: AP Automation, Payment Processing
AvidSuite for Dynamics 365 BC & GP is an AP and payment automation solution 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 825,000 suppliers provides a secure and efficient way to pay bills.
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 Dynamics 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.
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