AvidXchange vs. Planon: Which One is Better for Your Business?

Compare AvidXchange and Planon to find the best platform for financial management, operational efficiency, and integrations in 2024.
AvidXchange vs. Planon: Which One is Better for Your Business?

AvidXchange offers Accounts Payable Automation Software, which is crucial for businesses looking to streamline their invoice processing and payment workflows, thereby enhancing efficiency and control. Planon provides Integrated Workplace Management Solutions, essential for companies aiming to optimize space utilization and improve employee engagement through a seamless, mobile-first experience.

We will compare AvidXchange and Planon to determine which solution best meets consumer needs in terms of efficiency, integration, and overall user satisfaction.

A Quick Overview of AvidXchange and Planon

What is AvidXchange?

AvidXchange specializes in accounts payable automation software, offering solutions that enhance efficiency, visibility, and control in the AP process. They serve industries such as real estate, construction, and healthcare. Unique features include AI-powered automation, seamless integration with various accounting systems, and a large supplier network, all designed for ease of use and supported by extensive customer service resources.

What is Planon?

Planon offers Smart Sustainable Building Management software, connecting buildings, people, and processes to enhance workplace productivity and sustainability. They serve industries like facilities management, real estate, and campus management. Unique features include seamless integration with existing processes, a modern user interface, and enterprise-level IT security, all designed for ease of use and adaptability to future needs.

Comparing AvidXchange and Planon: Features and Pricing

AvidXchange Features

AvidXchange offers a range of features designed to enhance the accounts payable process for businesses.

  • AI-powered AP automation for increased efficiency and accuracy.
  • Seamless integration with a wide range of accounting systems and ERPs.
  • Access to one of the largest supplier networks for streamlined invoice processing and payments.
  • Paperless payments and invoice management to reduce administrative work.
  • 3-way match and PO automation to ensure compliance and reduce errors.

Planon Features

Planon offers a range of features designed to enhance workplace engagement and productivity through its mobile application.

  • Room & Desk Booking: Users can visually identify and book rooms, desks, and other facilities from an interactive floor plan.
  • Request Workplace Services: Users can easily create requests for cleaning, catering, maintenance, and other facility services.
  • View Colleague Information: Users can view information about colleagues, including their expected office attendance.
  • Personalized User Experience: Users can mark favorite bookable facilities for quick access.
  • Interactive Floor Plan and QR Code Reporting: The ability to visually identify and book facilities from an interactive floor plan and report issues by scanning QR codes provides a unique and user-friendly experience.

AvidXchange and Planon Similarities

Both AvidXchange and Planon offer robust solutions designed to enhance operational efficiency and streamline business processes. They share several key features that make them valuable to businesses looking to optimize their workflows.

  • Integration Capabilities: Both companies provide seamless integration with existing enterprise systems, ensuring smooth adoption without disrupting current workflows.
  • Automation: They emphasize automation to increase efficiency and reduce manual tasks, enhancing overall productivity.
  • Mobile Access: Both solutions offer mobile applications, allowing users to manage tasks and access services on the go.
  • User Experience: AvidXchange and Planon focus on delivering a high-quality, personalized user experience through intuitive interfaces and customizable features.
  • Security: Both prioritize enterprise-level security measures, including Single Sign-On (SSO) and data protection, to ensure user data is secure.

AvidXchange and Planon Differences

When comparing AvidXchange and Planon, it's clear that each offers unique features tailored to different business needs. While AvidXchange focuses on automating the accounts payable process, Planon enhances workplace engagement and productivity through its mobile app.

  • AI-Powered AP Automation: AvidXchange leverages artificial intelligence to streamline the accounts payable process, a feature not available in Planon's offerings.
  • Supplier Management: AvidXchange includes robust supplier management features, connecting businesses to a large supplier network, which Planon does not offer.
  • Room & Desk Booking: Planon provides an interactive floor plan for booking rooms and desks, a feature absent in AvidXchange.

AvidXchange and Planon Pricing

Both AvidXchange and Planon do not provide specific pricing details on their respective websites. AvidXchange's page focuses on the features and benefits of their accounts payable automation software, highlighting customer satisfaction and industry-specific solutions. However, it lacks information on subscription costs, additional fees, or discounts.

Similarly, Planon's "Contact Us" page is designed to facilitate communication with potential customers but does not offer any pricing information. It provides a detailed contact form and links to various resources but omits details on subscription costs, additional fees, or promotions.

Neither company offers clear pricing information on their websites, making it difficult to determine which has better deals.

Why Choose One Over the Other?

Why Choose AvidXchange Over Planon: A consumer might prefer AvidXchange if they are a business seeking to automate their accounts payable processes to increase efficiency and reduce manual work. This solution is ideal for companies with high invoice volumes and those using specific accounting systems like QuickBooks or NetSuite.

Why Choose Planon Over AvidXchange: A consumer might opt for Planon if they are focused on enhancing workplace engagement and productivity through a mobile-first experience. This solution is particularly suited for workplace professionals and facility managers who need to manage hybrid and flexible working models.

Considering Banner vs. AvidXchange and Planon

What is Banner?

Banner provides the ideal workflow to make project delivery predictable and efficient. We have thousands of users and are based in the San Francisco Bay Area. Our unique features include real-time spend controls, centralized project data, and no manual data entry, all within a highly configurable tool that integrates with key financial data systems.

Comparing Banner to AvidXchange and Planon

Choosing Banner over AvidXchange and Planon offers several distinct advantages:

  • Real-Time Spend Controls: Unlike AvidXchange and Planon, we provide real-time spend controls, ensuring that project budgets are adhered to without manual oversight.
  • Centralized Project Data: Our platform centralizes all project data, making it easier to manage and access information compared to the fragmented data systems of our competitors.
  • No Manual Data Entry: Banner eliminates the need for manual data entry, reducing errors and saving time, a feature not fully addressed by AvidXchange or Planon.
  • Highly Configurable Tool: We offer a highly configurable tool that integrates seamlessly with key financial data systems, providing a level of customization that AvidXchange and Planon do not match.
  • Comprehensive Features: From budgeting and cost tracking to cashflow forecasting and vendor management, our comprehensive suite of features ensures all aspects of project management are covered.

For more details, visit Banner.

What Are the Customers Saying?

AvidXchange reviews

Overall, users have given AvidXchange a mixed but generally positive rating of 4.3 out of 5. While many appreciate its time-saving features and ease of use, some have expressed frustration with customer support and technical issues.

"Constant Issues" - 0.5 out of 5 - Misty F.: Misty appreciates the idea and ease of use of AvidXchange but is frustrated with continuous problems such as VCC issues, payment delays, and poor communication, which tarnish vendor relationships.

"AvidXchange is a timesaver!" - 5.0 out of 5 - Jamie M.: Jamie praises AvidXchange for revolutionizing their accounts payable process, saving time for managers, and providing efficient payment processing and reporting features. However, occasional system glitches are noted.

For more details, visit AvidXchange Reviews on G2.

Planon reviews

Overall, users have given Planon a rating of 4.0 out of 5. While many appreciate its user-friendly dashboard and real-time insights, some find the number of features overwhelming. Here are two reviews that capture the sentiment:

"Simple yet Effective way to manage WorkSpaces" - 4.0 out of 5 - Vamsi M.: Vamsi finds Planon effective for managing workplaces but initially overwhelming due to its many features.

"Overwhelming Features" - 3.0 out of 5 - Alex P.: Alex appreciates the functionality but struggles with the complexity of the settings and configurations.

For more details, visit Planon Reviews on G2.

Banner reviews

We have found that users have given Banner an overall rating of 4.8 out of 5. Here are some of the positive reviews highlighting what customers found really useful:

"Exactly What We Needed" - 5.0 out of 5 - "Incredibly impressive, exactly what we needed. Super easy to use. It's great." - Jim Gentili, Industrious

"Critical Customizations" - 4.5 out of 5 - "We looked at every solution on the market over a 2 year period and Banner was the only one willing to make critical customizations and go the extra mile." - Dave Ruth, Livcor

Final Decision: AvidXchange, Planon, or Banner?

While AvidXchange and Planon offer valuable features tailored to specific business needs, Banner stands out with its comprehensive project management capabilities and user-friendly interface. Whether you're looking to streamline accounts payable or enhance workplace productivity, any of these solutions could be a good fit. However, for those seeking a highly configurable tool with real-time spend controls and centralized project data, we recommend giving Banner a closer look.

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