Overview
Employees
1700
Founded
2000
Revenue
$438.9M
Location
Charlotte, North Carolina, United States
Industry
information technology & services
About
AvidXchange, Inc. is a prominent provider of accounts payable automation software and payment solutions tailored for middle-market businesses and their suppliers in North America. Founded in 2000 and headquartered in Charlotte, North Carolina, the company serves over 8,000 businesses and has facilitated payments to nearly 1.35 million suppliers in recent years. AvidXchange is publicly traded on NASDAQ under the ticker symbol AVDX and has a market capitalization of approximately $2.06 billion.
The company offers a comprehensive, cloud-based platform that automates the entire accounts payable workflow, from invoice capture to payment execution. Key features include electronic invoice capture, configurable approval workflows, and a two-sided payment network that enhances cash flow visibility. AvidXchange's mission is to help businesses transition to paper-free payment processes, leveraging AI and machine learning to optimize operations. With a strong focus on customer service and innovation, AvidXchange is recognized as a Great Place to Work and continues to lead the AP automation industry.
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Keywords(179)
payables automationelectronic invoicingvisibilitybest practicesportfolioautomationpaperlesschange managementworkflowpayables processaccounts payablecomputer software: prepackaged softwaretechnologysoftware developmentfinancial visibility
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media payment processinggrowth fundingmedia industry financial techmedia industry invoice processingcloud-based spend controlnonprofitsmedia payment automationworkflow automationreal-time spend trackingfinancial servicesdigital payment platformdigital invoice approvaloperational efficiencydigital invoice managementsupplier onboarding solutionsautomated invoice capturecost reductionmedia supplier networkhealthcareinnovationservicesintegrated ap platformmiddle market focusenterprise financial softwaretransaction processingcost management softwarefinancial technologycost reduction toolsbusiness process automationautomated data capturehigh transaction volumemedia campaign spend controlcloud financial solutionshigh transaction throughputpayment solutionselectronic paymentspublic companyautomated invoice approvalindustry-specific solutionssupplier engagementcloud accounting integrationpayment processing platforminvoice processingvendor managementerp integrationmedia vendor paymentssupplier networkconstructioninvoice status trackingautomated reconciliationreal estatebusiness intelligenceghost card creation for mediamedia supplier onboardingpayment processinginvoice approval workflowshigh-volume transaction processingautomated data extractionvendor onboarding platformreal-time invoice statusbusiness efficiencyhospitalitysupplier onboardingsupplier payment automationinvoice automationcloud erp integrationenterprise software integrationb2bmedia industry financial solutionsmedia vendor engagementreal estate ap automationautomated invoice matchingcost controlconstruction industry ap softwarecommunity association ap solutionsap automationsupplier engagement toolspayment automationinvoice digitizationsupplier relationship managementmedia spend managementautomated approval routinginvoice matching technologycost savings in aptransaction volumedigital transformation in financevendor management systemcost efficiencytransaction analyticsdigital paymentsspend managementcloud-based ap softwareautomated payment workflowsmedia invoice digitizationdigital transformationmulti-payment methodsbusiness intelligence in apnonprofit ap solutionsmedia invoice matchingvendor paymentsmedia spend automationsoftware as a serviceai-driven ap solutionsautomated workflowscomputer systems design and related serviceselectronic invoice processingaccounts payable automationap automation softwarebill payment automationpurchase order management2-way matching3-way matchingsupplier managementcloud-based solutionsintegration with erpsdata extractionflexible payment optionsdigital invoicingpaperless paymentspayment reconciliationcustomizable approval workflowsai-powered solutionsreal-time reportingsupplier hubap efficiencyrisk reductiondirect payment processinginvoice approval processesaccounting system integrationautomated ap workflowsseamless invoice automationvirtual payment solutionsstrategic payment processing24/7 accessmobile invoice managementenhanced supplier relationshipstraining and supportcustomer educationdocument management systemsautomation for financial institutionsself-service invoice managementstreamlined procurement processe-commercefinanceeducationnon-profitdistributionconstruction & real estatesaasfintechinformation technology & servicesnonprofit organization managementhealth carehealthwellness & fitnesshospital & health carefinance technologyanalyticsleisuretravel & tourismcomputer softwareconsumer internetconsumersinternet
Industry Codes
SIC 7374NAICS 54151NAICS 51321NAICS 522320