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AvidXchange Named “Customer Leader” and “Procurement Provider to Know” by Spend Matters

November 18, 2022
AvidXchange 50 to Know graphic

AvidXchange (Nasdaq: AVDX), a leading provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, today announced that it ranked as a “Customer Leader” in Spend Matters’ Fall 2022 SolutionMap and was also recently promoted to their 2022 “Procurement Providers to Know” list. These recognitions were awarded to AvidXchange for leading the charge on new procurement technologies and services and setting the industry standard. 

Spend Matters is the world’s largest information source for procurement and supply chain professionals enabling CPOs, consultants and technology solution providers to make smart decisions regarding all-things procurement. 

“AvidXchange became a public company in October 2021, putting a spotlight on the SMB and mid-market opportunities in the AP automation and B2B payments markets,” said Xavier Olivera, Lead Analyst and Editor of Spend Matters. “But from a customer perspective, it has maintained Value Leader positioning in our SolutionMap assessment because of its core personas, an impressive feat for a vendor facing increasing public market scrutiny.” 

“The promotion to the ‘Provider to Know’ list means a lot to us at AvidXchange and is a recognition we will be celebrating all year,” said Dan Drees, Chief Growth Officer at AvidXchange. “Spend Matters are esteemed industry experts, and we appreciate their continued recognition.” 

To learn more about AvidXchange’s leap to the Provider to Know list this year, visit: https://spendmatters.com/2022/11/01/avidxchange-makes-the-leap-from-a-a-provider-to-watch-to-a-provider-to-know/  

And to learn more about Spend Matters Fall 2022 SolutionMap, visit: https://spendmatters.com/2022/11/17/spend-matters-releases-the-fall-2022-solutionmap-and-techmatch-rankings-for-73-procurement-solutions/  

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