AvidXchange
AvidXchange provides automated accounts payable and payment solutions that help mid-market businesses digitize their entire invoice process and make secure electronic payments to their suppliers.
SAP Concur
SAP Concur provides integrated travel, expense, and invoice management solutions that help you automate spending processes and gain total visibility into your organization's business expenditures and compliance.
Quick Comparison
| Feature | AvidXchange | SAP Concur |
|---|---|---|
| Website | avidxchange.com | concur.com |
| Pricing Model | Custom | Custom |
| Starting Price | Custom Pricing | Custom Pricing |
| FREE Trial | ✘ No free trial | ✓ 0 days free trial |
| Free Plan | ✘ No free plan | ✘ No free plan |
| Product Demo | ✓ Request demo here | ✓ Request demo here |
| Deployment | ||
| Integrations | ||
| Target Users | ||
| Target Industries | ||
| Customer Count | 0 | 0 |
| Founded Year | 2000 | 1993 |
| Headquarters | Charlotte, USA | Bellevue, USA |
Overview
AvidXchange
AvidXchange helps you transform your manual accounts payable process into a fully automated digital workflow. You can eliminate paper invoices and manual data entry by using their intelligent OCR technology to capture invoice data automatically. The platform routes these invoices through your custom approval workflows, ensuring you maintain control and visibility over your spending from any device.
You can also streamline your outbound payments by choosing from multiple electronic options like virtual cards and ACH. The software integrates directly with your existing accounting system, so your financial data stays synchronized without manual reconciliation. It is specifically designed for mid-market companies looking to reduce processing costs and protect against payment fraud while maintaining strong supplier relationships.
SAP Concur
SAP Concur helps you take full control of your business spending by connecting travel, expense, and invoice management in a single system. You can eliminate manual data entry by capturing receipts with a smartphone photo, which automatically populates expense reports. This automation ensures your team stays compliant with company policies while reducing the time spent on tedious administrative tasks.
The platform scales with your business, offering specialized tools for small teams and global enterprises alike. You can integrate your travel booking directly with expense reporting to see exactly where your budget goes in real-time. By using these connected tools, you gain the insights needed to negotiate better vendor rates and manage your cash flow more effectively.
Overview
AvidXchange Features
- AvidInvoice Receive, track, and approve invoices electronically using intelligent data capture to eliminate manual entry and paper filing.
- AvidPay Execute secure electronic payments to your suppliers through a dedicated network of over 1.2 million enrolled vendors.
- Custom Approval Workflows Design automated routing rules that match your existing business hierarchy to ensure every invoice gets proper authorization.
- Purchase Order Matching Automatically pair your invoices with purchase orders to verify accuracy and prevent overpayment or duplicate billing.
- Supplier Services Let a dedicated team manage your supplier data and payment preferences so you don't have to.
- Real-time Reporting Access detailed financial insights and track your liabilities in real-time to make more informed cash management decisions.
SAP Concur Features
- Expense It. Snap photos of your receipts with your phone to automatically create, categorize, and itemize expense entries for faster reimbursement.
- Concur Travel. Book flights, hotels, and cars within your company policy while automatically syncing every booking detail to your expense report.
- Invoice Automation. Capture and process paper and electronic invoices automatically to speed up payments and eliminate manual data entry errors.
- Policy Audit. Set up automated rules that flag non-compliant spending before it happens, ensuring everyone follows your company's specific travel policies.
- Mobile App. Manage approvals, track mileage via GPS, and submit entire expense reports from your mobile device while traveling for work.
- Business Intelligence. Access visual reports and dashboards that show you exactly where you are spending money across different departments and vendors.
Pricing Comparison
AvidXchange Pricing
SAP Concur Pricing
Pros & Cons
AvidXchange
Pros
- Significant reduction in manual data entry time
- Seamless integration with popular accounting software
- Excellent visibility into invoice approval status
- Strong security features help prevent payment fraud
Cons
- Initial implementation and setup takes time
- Supplier enrollment process can be slow
- Customer support response times vary occasionally
SAP Concur
Pros
- Mobile receipt capture saves hours of manual data entry
- Seamless integration with major corporate credit card providers
- Robust policy enforcement prevents accidental overspending and fraud
- Extensive ecosystem of travel partners and app integrations
Cons
- User interface can feel dated compared to newer startups
- Initial setup and configuration requires significant time investment
- Customer support response times can be slow during peak periods
- Advanced reporting features have a steep learning curve