Founded Year

2000

Stage

IPO | IPO

Total Raised

$1.16B

Date of IPO

10/13/2021

About AvidXchange

AvidXchange (NASDAQ: AVDX) is an accounts payable (AP) and payment automation solutions provider that automates invoice and payment processes for mid-market businesses.

AvidXchange Headquarter Location

1210 AvidXchange Lane

Charlotte, North Carolina, 28206,

United States

800-560-9305

AvidXchange's Product Videos

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AvidXchange's Products & Differentiation

See AvidXchange's products and how their products differentiate from alternatives and competitors

  • 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.

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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

S

SMB Fintech

1,499 items

P

Payments

1,949 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

C

Conference Exhibitors

5,302 items

Latest AvidXchange News

Tech News: Deloitte releases ESG accelerators

May 13, 2022

Big Four firm Deloitte released new ESG accelerators on Workiva platform; ADP released updates to Accountant Connect; Clarus R+D released new version of tax platform; AvidXChange offered new straight-through processing option; and other news and updates from the accounting technology world. Deloitte releases ESG accelerators on Workiva Jack Taylor/Getty Images Big Four firm Deloitte has released four new ESG accelerators on the Workiva platform as an extension of the two organizations’ strategic partnership. The accelerators include an ESG Disclosure Management Tool, an ESG Master Class Conversion Table, a Data Rollforward Chain Accelerator, and an ESG Environmental Inventory Survey. ADP updates Accountant Connect Patrick T. Fallon/Bloomberg ADP has announced new features for their now-updated Accountant Connect platform. These include analysis tools, payroll client onboarding, service connections and a certification program. The platform now also boasts integrations and compatibility with FP&A solutions provider Jirav as well as tax compliance software provider Avalara. TRENDING Clarus R+D releases new version of tax platform Andrey Burmakin/Andrey Burmakin - stock.adobe.co Tax software company Clarus R+D announced the release of a new version of its platform. The new release allows practitioners to provide activities and expenses for all potential R&D incentive-worthy projects, including a four-part test (permitted purpose, technological in nature, elimination of uncertainty and process experimentation). Backend access lets coordinators manage teams while individual members have access to work with specific customers. The software can generate up to 600 reports per annum. AvidXChange offers straight-through processing Automation software provider AvidXChange said "straight-through processing" is now available to high-frequency supplier customers paid through the AvidPay Network. STP allows for fully automated pay processes: Once the buyer sends a payment, the funds flow directly to a merchant processor and are then deposited into the user's bank account, accessible via a virtual credit card. Partnerships and integrations Tax automation software provider HubSync announced a strategic partnership with Thomson Reuters that will see the two companies provide royalty-free and open access to each of their application programming interfaces, as well as collaborations to further build on their capabilities in automating and modernizing how accounting gets done. … Accounting and payroll solutions provider Patriot Software announced a partnership with fintech company Vestwell. Patriot Software will now be able to offer 401(k) plans to all payroll customers, with exclusive pricing benefits to support employers implementing retirement programs for their employees. … Swedish accounts payable automation software provider Palette Software has, after merging with Centsoft in 2018, become Rillion , which plans to span both the Nordic and U.S. markets. … Fintech company Airwallex has a new bank feed integration with NetSuite developed in partnership with NetSuite solution partner Onlineone. … Accounting integrations provider Amaka said it has acquired Inview, which allows users to manage invoices and bills directly from their calendar or Slack by integrating with all major accounting software. InView will retain its brand and be called Inview by Amaka. New hires and appointments Payment software company Bill.com said Aida Álvarez, former head of the U.S. Small Business Association, has joined the company’s board of directors. … Tax solutions provider Drake Software said it has named Dominic Morea, a fintech veteran, as president and CEO. Funding Business management software provider Rippling said it has raised $250 million in Series D funding from existing investors Y Combinator, Sequoia Capital, and more. The round values the company at $11.25 billion. ... Robotics development company Cogniteam said it has raised $5.6 million in Series A funding from Seabarn Management, (Andrew Owens) and U.K.-based Panthera family office members. The funding is to enhance Nimbus, the company’s low-code robotics platform. The company also announced it has been handpicked to co-lead a $20 million human-robot interaction consortium, funded by the Israeli Innovation Authority. Other news Accounting education provider Surgent won a Bronze Stevie Award in the 20th Annual American Business Awards. … Cloud software company Eton Solutions has released the AtlasFive Mobile App, a family office-oriented application that allows family members to approve or reject transactions from anywhere in the world.

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