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.