AvidInvoice is designed to streamline the entire invoice process for B2B companies by automating data extraction and routing. Utilizing artificial intelligence and machine learning, it captures data from invoice headers and line items, ensuring accurate data entry. The platform offers customizable approval workflows, allowing invoices to be automatically coded and electronically routed for approval. Users gain real-time visibility into invoice statuses across devices, enabling informed decision-making. Additional features include robust reporting and analytics through AvidAnalytics, as well as seamless integration with various accounting systems, providing a cohesive financial management experience. Features:

• AI-Powered Data Extraction: Leverages artificial intelligence to accurately capture data from invoice headers and line items, reducing manual entry errors.
• Customizable Approval Workflows: Allows for tailored approval processes to meet specific business needs, ensuring efficient invoice routing.
• Real-Time Visibility: Provides up-to-date insights into invoice statuses accessible from any device, facilitating timely decision-making.
• Comprehensive Reporting and Analytics: Offers powerful tools for analyzing financial data, supporting strategic planning and operational efficiency.
• Seamless Accounting System Integration: Ensures compatibility with a wide range of accounting systems, promoting a unified financial management environment.
• Paperless Invoice Management: Enables the receipt, tracking, and approval of invoices digitally, reducing paper usage and associated costs.
• Fraud Reduction and Error Minimization: Enhances security measures to prevent fraud and minimize errors in the invoice processing workflow.