Name: Payment and Accounts Payable for NetSuite
Author: AvidXchange

Payment and Accounts Payable for NetSuite

AvidXchange offers a seamlessly integrated, Built for NetSuite, payment and AP automation solution for NetSuite users. We automate the payment and invoice work for you and provide a full-service experience for both you and your suppliers. We offer a robust API integration with next-level data syncing, including purchase orders and material receipts. In addition, by using our AvidXchange Pay for NetSuite solution, you’ll benefit from reduced processing costs – helping to take your ROI to the next level.

Overview

Built for NetSuite

AvidXchange’s payment and AP automation solution helps organizations eliminate inefficient, paper-based processes and easily pay their bills. We provide AI-powered bill capture services backed by automated workflows that can present bills electronically for convenient approval from anywhere using a laptop or mobile device. Once approved, our AvidXchange Network of over 1.2 million suppliers provides a secure and efficient way to pay bills directly from NetSuite.

Key Benefits

Suite of Integrated Solutions: AvidXchange offers an end-to-end solution, including purchase order, invoice, receipt, and pay all tightly integrated into your existing NetSuite interface, so you aren’t jumping from one system to another.

Easily Pay Suppliers Domestically and Abroad: We provide a variety of payment methods for your suppliers to choose from and work with any bank.

Full-Service Supplier Services Team: We have 400 experienced team members who are laser-focused on onboarding your suppliers, understanding the conditions under which they will accept e-payments and ensuring they get paid on-time.

Eliminate Manual, Inefficient Processes: Our AI-powered bill capture services backed by automated workflows allow your team to focus on approvals, not data entry.

Improve Internal Controls and Reduce Fraud Risk: Our solution provides a bill image inside of NetSuite backed by a detailed audit trail and payment controls, such as positive pay processing and flexible payment approvals.

Anytime, Anywhere: As a web-based solution, your AP team and any approvers have the ability to conduct invoice and payments tasks, including approvals, anytime and no matter where you are.

The Power of AvidXchange

15+ year relationship with NetSuite
SuiteCloud Developer Network (SDN) member
Built for NetSuite (BFN) Hybrid SuiteApp badge
SuiteSuccess certified
500+ NetSuite customers using AvidXchange
Full Purchase-to-Pay offering for NetSuite
1.2 million total suppliers enrolled in the AvidXchange Network

Payment Execution

We convert an average of more than 40% of your checks to e-payments, giving you increased ability to receive incentives on those payments.
We provide a variety of methods for your suppliers to choose from: MasterCard; AvidXchange Pay checks; or AvidXchange Pay Direct, an enhanced direct deposit payment method.
We are bank agnostic so you can continue to use your current banking relationships.
We allow for US-initiated cross-border payments for your suppliers abroad.
Set up payment approvals increase payment control and eliminate the need to physically sign checks.
Positive pay files are generated on all check payments initiated from the AvidXchange Network for increased payment security.
Data segregation accommodates for OneWorld accounts.

Paperless Invoice Processing

Manage and submit invoices electronically.
We capture and digitize 100% of your invoices using our AI-technology on your behalf.
All your invoices are stored electronically and can be accessed from NetSuite 24/7.
Provide a process that allows auditors to search invoices, making auditing season a breeze.

Purchase Order Matching

2- and 3-way PO matching feature automates the matching of POs with both invoices and receipts.
Search features to quickly and easily find material receipts, purchase orders, and invoices.
Improved Supplier Relations with a streamlined P2P verification process.

Automated Approval Workflows

Create an unlimited number of approval workflows that mimics your current approval process.
Permissions-based access to matching capabilities to ensure only employees who should have access to this data do.
Real-time access to invoice statuses for visibility into your entire payables process.
Easily track and manage approvals from any device.

Payment and Accounts Payable for NetSuite

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Overview

Built for NetSuite

Key Benefits

The Power of AvidXchange

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Features

Payment Execution

Paperless Invoice Processing

Purchase Order Matching

Automated Approval Workflows

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