Press Releases

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

AvidXchange Announces Second Quarter 2022 Financial Results

–Second quarter 2022 revenue growth of 30.3% – or 22.4% organically – driven by continued broad based demand coupled with solid operational execution –Higher than expected second quarter 2022 revenues, stronger gross margin performance due to on-going payment monetization and cost leverage drive lower-than-expected net loss –Raising full-year 2022 business

AvidXchange Partners with MDT, Expands Invoice-to-Pay Solution to More Credit Unions

CHARLOTTE, N.C., July 19, 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 a referral partnership with Member Driven Technologies (MDT), a credit union service organization. MDT hosts the Episys® core platform from

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