Press Releases

AVIDXCHANGE ANNOUNCES FIRST QUARTER 2023 FINANCIAL RESULTS

First quarter 2023 year-over-year financial results swing to adjusted EBITDA profit on higher revenue growth, payment monetization, operational efficiencies and expense leverage –Raising 2023 business outlook on first quarter 2023 financial outperformance –2023 Investor Day registration reminder: www.avidxchange.com CHARLOTTE, N.C., May 03, 2023 (GLOBE NEWSWIRE) — AvidXchange Holdings, Inc. (Nasdaq:

AvidXchange Delivers Best-In-Class Invoice-to-Pay Solution to More Credit Union Customers, Partners with KeyStone by Corelation

CHARLOTTE, N.C., March 07, 2023 — AvidXchange Holdings, Inc. (Nasdaq: AVDX), a leading provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, today announced its referral partnership with KeyStone by Corelation Inc. (“Corelation”), the latest core processor for today’s credit union. This

AvidXchange Announces Fourth Quarter 2022 Financial Results

–Broad-based demand across verticals drives year over year Q4’22 revenue growth of 24.4%, 23.3% organically –Combination of strong revenue growth, gross profit expansion and expense control substantially narrow year over year Q4’22 operating and adjusted EBITDA losses –Projecting accelerated path to adjusted EBITDA profitability in 2023 versus a previous target

AvidXchange Launches AvidAnalytics, A Business Intelligence Tool for the Middle Market

CHARLOTTE, N.C., Feb. 07, 2023 — AvidXchange (Nasdaq: AVDX), a leading provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, today announced AvidAnalytics, a premium Business Intelligence (BI) solution. AvidAnalytics offers buyer customers custom reporting methods to help improve spend management and

AvidXchange Names Dan Drees as President

James Sutton joins as Chief Revenue Officer   CHARLOTTE, N.C., Jan. 31, 2023 — AvidXchange Holdings, Inc. (Nasdaq: AVDX), a leading provider of accounts payable (“AP”) automation software and payment solutions for middle market businesses and their suppliers, today announced that Dan Drees has been elevated to the role of

Intuit QuickBooks Online Customers Increase Efficiency with Fully Automated AP and Payment Solution by AvidXchange

CHARLOTTE, N.C., Dec. 06, 2022 — AvidXchange Holdings, Inc. (Nasdaq: AVDX), a leading provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, today announced an invoice-to-pay application programming interface (API) integration with Intuit QuickBooks Online (“QuickBooks Online”). This new offering provides customers

AvidXchange Expands Global Capabilities with the Launch of Cross-Border Payments

CHARLOTTE, N.C., Nov. 29, 2022 — AvidXchange Holdings, Inc. (Nasdaq: AVDX), a leading provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, today announced the launch of cross-border payments (CBP). The embedded payment experience will be available first to Oracle NetSuite customers and accessible

AVIDXCHANGE ANNOUNCES THIRD QUARTER 2022 FINANCIAL RESULTS

CHARLOTTE, N.C., Nov. 02, 2022 (GLOBE NEWSWIRE) — AvidXchange Holdings, Inc. (Nasdaq: AVDX), a leading provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, today announced financial results for the third quarter ended September 30, 2022. “As we anniversary our first year

Middle Market Companies Exhibit Resilience While Delivering Value

CHARLOTTE, N.C., Oct. 13, 2022 — AvidXchange Holdings, Inc. (Nasdaq: AVDX), a leading provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, today released the next report in its Middle Market Spending Trends series. This report is based on data captured from

AvidXchange Launches Invoice-to-Pay Integration Built for Multi-Industry Provider, Blackbaud Financial Edge NXT®

CHARLOTTE, N.C., Aug. 15, 2022 — AvidXchange Holdings, Inc. (Nasdaq: AVDX), a leading provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, today announced an application programming interface (API) integration with Blackbaud Financial Edge NXT®, a cloud fund accounting solution designed specifically

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