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AvidXchange Named in “50 Providers to Watch for 2021” List by Spend Matters for Fourth Consecutive Year

October 26, 2021

AvidXchange, a leading provider of accounts payable and payment automation solutions for the middle market, was named in Spend Matters’ annual “50 Providers to Watch” list for 2021, marking the fourth consecutive year the company has been recognized. Spend Matters is the leading solution intelligence source for procurement and supply chain professionals. 

For the past eight years, the 50 Providers to Watch list has recognized fast-rising companies in the procurement and supply chain market. These are the up-and-coming, and best-in-class solution providers that continue to grow and develop innovative products propelling the market forward. AvidXchange was recognized as a must-watch company and one of the industry’s most promising vendors of this year. 

This list, the 50 Providers to Watch list, and the Future 5 list is comprised of 105 total vendors across 10 procurement technology market sections that have been independently selected by Spend Matters’ technology analyst team following multiple rounds of debate and assessment of various factors such as growth, innovation, tech capabilities, and solution delivery.  

“Never has procurement technology been more front of mind for businesses,” says Nick Heinzmann, Analyst Team Lead at Spend Matters, “With companies heavily scrutinizing their supply chains and bottom lines to protect against volatility, the procurement technology space has in 2021 gained only greater notoriety — from customers and investors alike.” 

AvidXchange and the other vendors recognized are featured in the Spend Matters Almanac, the most comprehensive technology and service directory of procurement and supply chain solution providers that acts as the go-to resource for end-user buyers looking to make a tech selection. The Almanac contains 500+ vendor descriptions across 50+ service/technology categories as well as listings of unbiased Spend Matters’ analyst insights and related articles in the “our view” and “our coverage” sections. 

To learn more about AvidXchange’s recognition and the Spend Matters Almanac, click here.   


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