AvidXchange
AvidXchange describes itself as accounts payable automation software for mid-market businesses, covering invoice capture, approval and payment. It is not automotive-specific, and is listed here because dealer groups use accounts payable tools for back-office work.
AvidXchange: AI-powered accounts payable
The company says its solutions connect to a business’s existing ERP or accounting system and to a supplier network, and it offers a separate accounts payable service for ERP providers.
| Product or service | Function |
|---|---|
| AI-powered accounts payable | Invoice, purchase order and payment automation for finance teams. |
| Accounts Payable as a Service for ERPs | A service ERP and accounting vendors can offer their customers. |
| Solutions for suppliers | Tools for suppliers who are paid through the network. |
| Integrations | Connections to existing ERP and accounting platforms. |
An AP layer connected to the accounting system
AvidXchange's accounts-payable product captures invoice header and line-item data, routes invoices for approval and executes payments. The company presents these functions as additions to existing accounting software, with purpose-built accounting integrations. avidxchange.com
This distinction matters when comparing it with a dealership DMS: an AP automation purchase should establish how approved invoices and payment records reach the store's ledger; it does not replace the DMS's accounting function merely because both products handle supplier information. avidxchange.com