AVDX Profile
AvidXchange Holdings, Inc. is a leading provider of accounts payable (AP) automation and payment solutions tailored for middle-market businesses across North America. The company specializes in offering a comprehensive suite of software and services designed to streamline the AP process, enhancing efficiency and accuracy in invoice management and payment processing.
The company’s core offering is its AP automation software, a cloud-based SaaS solution that digitizes and automates the entire invoice lifecycle. This solution facilitates the capture, review, approval, and payment of invoices, significantly reducing manual intervention and administrative overhead for buyers. Complementing this is the AvidPay network, which provides a platform for seamless two-sided payments, connecting buyers and suppliers to expedite transactions and improve cash flow management.
AvidXchange also offers Cashflow Manager, a tool designed to optimize cash management for businesses. This solution integrates with the company’s AP automation platform to provide advanced financial insights and control over cash flow. The company’s technology enables electronic invoice capture, efficient workflow routing, and automated payments, which collectively help businesses manage their financial operations more effectively.
Founded in 2000 and headquartered in Charlotte, North Carolina, AvidXchange markets its solutions through a combination of direct sales efforts, strategic channel partnerships, and collaborations with software and technology business partners. The company’s solutions are utilized across a diverse range of sectors including real estate, homeowners associations, construction, financial services, healthcare facilities, social services, education, and media. AvidXchange continues to drive innovation in AP automation, aiming to enhance the financial operations of its clients and support their growth and efficiency objectives.
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