Search company, investor...
AvidXchange company logo

AvidXchange

avidxchange.com

Founded Year

2000

Stage

IPO | IPO

Total Raised

$1.16B

Date of IPO

10/13/2021

About AvidXchange

AvidXchange (NASDAQ: AVDX) is an account payable (AP) and payment automation solutions provider. It automates invoice and payment processes for mid-market businesses. It was founded in 2000 and is based in Charlotte, North Carolina.

Headquarters Location

1210 AvidXchange Lane

Charlotte, North Carolina, 28206,

United States

704-971-8170

AvidXchange's Product Videos

Compete with AvidXchange?

Ensure that your company and products are accurately represented on our platform.

AvidXchange's Products & Differentiators

    AvidInvoice

    AvidInvoice is a web-based, paperless invoice management system designed to automate the way companies manage their accounts payable (AP). AvidInvoice streamlines the entire invoice process while matching current approval workflows. Companies spend less time managing the AP process while maximizing electronic invoice receipt and capture.

Expert Collections containing AvidXchange

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

AvidXchange is included in 7 Expert Collections, including Fintech 250.

F

Fintech 250

998 items

P

Payments

2,672 items

Companies and startups in this collection enable consumers, businesses, and governments to pay each other - online and at the physical point-of-sale.

B

Banking

380 items

Startups providing solutions to banks to automate processes and operations.

T

Tech IPO Pipeline

568 items

S

SMB Fintech

354 items

C

Conference Exhibitors

5,302 items

Latest AvidXchange News

AvidXchange Automates Lien Waiver Management, Improves Payment Process in Leading Purchase-to-Pay Solution TimberScan

Jun 2, 2023

AvidXchange Holdings, Inc. , a leading provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, announced Lien Waiver Management for TimberScan, a premium feature embedded in AvidXchange’s full purchase-to-pay solution with a seamless Sage 300 CRE integration. With Lien Waiver Management, construction industry professionals are offered an improved payment process by associating the release of funds with the receipt and inspection of the lien waiver, ultimately reducing construction project delays. Lien Waiver Management supports all four lien waiver types including, Partial Conditional, Partial Unconditional, Final Conditional and Final Unconditional within the TimberScan platform. Lien Waiver Management provides more control and greater visibility over the lien waiver process than if executing related tasks manually with the ability to check status in real-time in the platform and bulk release payments based on that status. This tool helps improve supplier relationships by ensuring parties involved in a construction project receive payments more efficiently, accurately and securely than if executed using manual processes and paper checks. “Having a truly automated, integrated lien waiver tracking system that ties an invoice to a cash disbursement is immensely helpful in curbing laborious requirements for tracking and collecting payments,” said Allen Overturf , Chief Financial Officer of Welsh Construction. “Lien waivers are a simple yet critical piece in the payments process, and chasing paper trails can lead to challenges. AvidXchange’s Lien Waver Management gives us a solution that completes the full payment cycle without headache.” “Tracking and managing lien waivers is a notorious problem in the construction industry, as a lack of compliance in executing these documents often holds up future payments and requires a great deal of time and effort in chasing paper,” said Jim Campbell , Vice President of Construction at AvidXchange. “We’re excited to launch a solution that can help construction companies increase efficiency and automate manual steps in their lien waiver and payments workflows.”

AvidXchange Frequently Asked Questions (FAQ)

  • When was AvidXchange founded?

    AvidXchange was founded in 2000.

  • Where is AvidXchange's headquarters?

    AvidXchange's headquarters is located at 1210 AvidXchange Lane, Charlotte.

  • What is AvidXchange's latest funding round?

    AvidXchange's latest funding round is IPO.

  • How much did AvidXchange raise?

    AvidXchange raised a total of $1.16B.

  • Who are the investors of AvidXchange?

    Investors of AvidXchange include Nyca Partners, Foundry, Bain Capital Ventures, QED Investors, Pivot Investment Partners and 18 more.

  • Who are AvidXchange's competitors?

    Competitors of AvidXchange include Tipalti, Billtrust, Vic.ai, Cherry , Finexio, Fintainium, OnPay Solutions, MineralTree, Canopy Tax, Invoice2go and 15 more.

  • What products does AvidXchange offer?

    AvidXchange's products include AvidInvoice and 3 more.

  • Who are AvidXchange's customers?

    Customers of AvidXchange include Pinellas County Housing Authority, Trellis Fifth Avenue and Bridge Community Health Clinic.

Compare AvidXchange to Competitors

Billtrust Logo
Billtrust

Billtrust (NASDAQ: BTRS) provides a cloud-based accounts revenue (AR) platform that helps businesses grow revenue and improve profitability. It focuses on credit, order, invoicing, payments, and cash applications. The company serves transportation, machinery, distribution, manufacturing, medical equipment, technology, legal, and staffing industries. The company was founded in 2001 and is based in Lawrenceville, New Jersey.

Kyriba Logo
Kyriba

Kyriba offers cloud-based Proactive Treasury Management solutions and delivers cash management technology to CFOs, treasurers, and financial professionals. The company's secure and scalable SaaS treasury, bank connectivity, risk management, and supply chain finance solutions enable organizations to drive corporate growth, obtain critical financial insights, minimize fraud, and ensure compliance.

Silverfin Logo
Silverfin

Silverfin offers a connected accounting platform to help businesses stay on top of their financial data. Silverfin's platform plugs into popular accounting software and other financial data sources to help finance departments, accountancy firms and consultants, such as external tax specialists, get much better real-time visibility of a company's financial data.

C
Canopy Tax

Canopy is an accounting practice management software. It offers services such as client management, document management, practice management, and more. It was founded in 2014 and is based in Draper, Utah.

Dext Logo
Dext

Dext develops and provides bookkeeping automation software. It creates software to automate accounting processes such as the collection of receipts and invoices for small businesses. Dext was formerly known as Receipt Bank. It was founded in 2010 and is based in London, United Kingdom.

Bench Accounting Logo
Bench Accounting

Bench is an online bookkeeping service that provides tax-ready financial statements from professional bookkeepers.

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.