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Compare AvidXchange vs BILL

Customers evaluate the quality of AvidXchange's products using the following success metrics.

Overview

AvidXchange Logo

AvidXchange is 24 yrs old and is based in United States.

AvidXchange (NASDAQ: AVDX) provides account payable (AP) automation software solutions. It offers a range of products such as AvidPay, an automated bill payment software, AvidInvoice, invoice automation software, AvidBuy, purchase order software, and more. The company was founded in 2000 and is based in Charlotte, North Carolina.

BILL Logo

BILL is 18 yrs old and is based in United States.

BILL (NYSE: BILL) is a financial operations platform for businesses. It provides a range of solutions such as accounts payable, accounts receivable, invoicing, expense management, budget management, and more. It serves industries such as construction, education, healthcare, and more. The company was founded in 2006 and is based in San Jose, California.

Founded Year

2006

Country

United States
United States

Demo Video

AvidXchange did not submit their demo in their Analyst Briefing

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Leadership

Michael Praeger (Founder, Chief Executive Officer)

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Rene Lacerte (Founder, Chief Executive Officer)

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Funding

AvidXchange last raised $660M on 10/13/2021.
BILL last raised $216M on 12/12/2019.

Stage

IPO

Total Raised

$310.6M

Latest Valuation

0000

Investors

Bain Capital Ventures, Nyca Partners

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Temasek, Kayne Anderson Rudnick

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Product

Why AvidXchange beats BILL

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    Benefits

    • Increased accuracy in accounting & worker productivity
    • Time savings
    • Cost savings

    Products

    • 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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    Customers

    AvidXchange works with 3 known companies.

    Known Partners

    Pinellas County Housing Authority, Trellis Fifth Avenue

    See all 3 known customers

    Why They Buy

    When we look for a business partner, there are two criteria that we consider the strength of the technical solution and the quality of the business relationship...AvidXchange stood out in both areas, making it easy for everyone at Data Plus Hospitality Solutions to support the decision to make them our preferred payments partner...We are thrilled to partner with Data Plus, because they are also a customer centric business that is focused on innovation and making strategic decisions, such as partnerships, to facilitate an optimal customer experience.

    See all 6 references

    News & Analysis

    AvidXchange has been mentioned in our research 6 times.

    BILL has been mentioned in our research 7 times.

    Expert Collections

    F

    Fintech 250

    998 items

    250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.

    P

    Payments

    2,779 items

    Companies in this collection provide technology that enables consumers and businesses to pay, collect, automate, and settle transfers of currency, both online and at the physical point-of-sale.

    S

    SMB Fintech

    2,001 items

    P

    Payments

    2,779 items

    Companies in this collection provide technology that enables consumers and businesses to pay, collect, automate, and settle transfers of currency, both online and at the physical point-of-sale.