AvidXchange
Lynx Systems Inc. is the Canadian business partner of AvidXchange. AvidXchange is the leading provider of paperless invoice management and electronic procurement tools for companies with multiple properties. AvidInvoice is a web-based invoice management system designed to automate the way you manage your Accounts Payable documents.
You Will Benefit From:
Cost Savings – save 30%-50% in A/P process costs by reducing:
- Errors caused by manual processing of paper invoices
- Shipping charges associated with distributed operations
- Lost invoices throughout approval system
- Fees for late payment, misplaced or re-routed invoices
- A/P cycle times to less than 5 days
Enforceable Controls – you can create an unlimited number of custom, enforceable work-flows to determine how specific invoices are routed to specific users or departments for approval.
Powerful Reporting – provides you with extensive and flexible reporting capabilities, including the ability to schedule, send and receive reports in multiple formats and across key categories.
Real Time Visibility – determine the exact status of every pending invoice across your organization at any time from anywhere with the click of the mouse.
Automated Account Coding – you can leverage auto-coding features to assign GL account codes including "allocation" codes; alternatively, the system can use intelligent historical analysis.
Seamless Data Integration – exchanges data with your existing accounting software, eliminating the need to re-enter data into your A/P system.
