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.
Order.co
Order.co is a procurement and accounts payable platform that helps you centralize purchasing, automate invoice processing, and gain complete visibility into your company spending from a single dashboard.
Quick Comparison
| Feature | AvidXchange | Order.co |
|---|---|---|
| Website | avidxchange.com | order.co |
| Pricing Model | Custom | Custom |
| Starting Price | Custom Pricing | Custom Pricing |
| FREE Trial | ✘ No free trial | ✘ No 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 | 2016 |
| Headquarters | Charlotte, USA | New York, 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.
Order.co
Order.co simplifies how your business buys and pays for everything it needs to run. You can browse products from thousands of vendors in one unified catalog, eliminating the need to manage dozens of separate logins and payment methods. By centralizing your purchasing, you ensure every department follows the same approval workflows and budget constraints without manual oversight.
The platform automatically captures invoices, codes them to your general ledger, and handles payments to all your vendors with a single click. You can track every dollar spent in real-time, helping you identify savings opportunities and prevent budget overruns. It is designed for growing companies that want to scale their operations without adding headcount to their finance or operations teams.
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.
Order.co Features
- Universal Catalog. Shop across all your favorite vendors in one place and add items to a single cart for streamlined purchasing.
- Automated Approvals. Set custom spend limits and routing rules so your team can get what they need while you maintain control.
- Invoice Consolidation. Receive one consolidated bill for all your monthly purchases instead of managing hundreds of individual vendor invoices.
- GL Coding. Automatically map every line item to your specific accounting codes to eliminate manual data entry during month-end close.
- Vendor Payments. Pay all your vendors through the platform via ACH, check, or virtual card with a single funding source.
- Real-Time Reporting. Access instant insights into your spending by category, location, or department to make better financial decisions.
Pricing Comparison
AvidXchange Pricing
Order.co 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
Order.co
Pros
- Saves hours of manual data entry for finance teams
- Consolidates hundreds of vendor invoices into one payment
- Intuitive shopping experience feels like consumer e-commerce
- Excellent customer support for sourcing hard-to-find items
Cons
- Initial catalog setup requires significant time investment
- Occasional delays in syncing with specific accounting software
- Custom pricing can be high for very small teams