AvidXchange - Accounts Payable Automation Solutions
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AvidXchange Recognized as Large Business of the Year in Sandy Summit Awards

February 1, 2019

  Accolade reaffirms continued investment in Utah operations center

SALT LAKE CITY, UTAH (Feb. 1, 2019)AvidXchange™, a leading fintech provider of accounts payable (AP) and payment automation solutions for midsize companies, was recognized as Large Business of the Year in the 2018 Sandy Summit Awards at a ceremony last night in Sandy City, Utah.

Sandy City’s annual Summit Awards are designed to honor relationships between the city and local businesses, vendors and contractors, highlighting collaborative efforts to build a thriving local economy.

AvidXchange opened its new operations center just outside Salt Lake City in 2018, including a $35 million investment and plans to add up to 218 new jobs to the area over the next five years as part of its western expansion.

“It’s an honor to be recognized amongst Sandy’s best and brightest businesses, particularly as we continue to build AvidXchange’s local presence in the Greater Salt Lake City community,” said Michael Praeger, CEO and Co-Founder of AvidXchange. “We’re always seeking top talent to join the AvidXchange team and feel confident the city of Sandy is a rich resource for that. From the moment that Mayor Bradburn and others helped us open the new operations center, we recognized a prosperous partnership was ahead, and this award only reaffirms our decision to make Sandy another home for AvidXchange.”

AvidXchange’s commitment to expansion in Utah is part of a larger company-wide growth initiative designed to enable superior service and support for its 5,500 customers across the U.S. A stronger geographic presence will also allow AvidXchange to tap into the Greater Salt Lake area’s strengths as a hub for technology and innovation, while actively contributing to the community and its economy.



About AvidXchange™

AvidXchange™ revolutionizes the way companies pay their bills.  Serving more than 5,500 clients throughout North America, AvidXchange is an industry leader in automating invoice and payment processes for midmarket companies spanning multiple industries including Real Estate, Financial Services, Construction, Health and Human Resources, and Hospitality.  AvidXchange has been recognized as the top software company in North Carolina by the North Carolina Technology Association, one of the 50 fastest-growing private companies in the Charlotte area for six consecutive years, ranked among Deloitte’s Fast 500 this past year, and was recently named the top 100 technology companies in North America by Red Herring.  In the midst of record growth, AvidXchange has remained true to its most valued competitive advantage—its people.  AvidXchange has been recognized as one of the Best Places to Work in Charlotte for eight consecutive years.  For more information, contact us at 800.560.9305 or [email protected].


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