Press Releases

B2B payments & AP automation leader kicks off 20th year with new capital

Studio Bank gains access to largest B2B payments network with AvidPay integration COLUMBUS, Miss. (Dec. 5, 2019) – BankTEL, an AvidXchange company, announced today that it has launched its first AvidPay customer, Nashville-based Studio Bank. The product launch for Studio Bank represents a significant milestone following the October 2019 acquisition of

AvidXchange Foundation gears up for 15th year with a look back at 2019 impact.

For the sixth year in a row, AvidXchange had ranked among the fastest growing companies in North America on Deloitte’s Technology Fast 500™. In it’s 25th year, this ranking included the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America based on percentage fiscal

CHARLOTTE, N.C. – AvidXchange, the leading provider of accounts payable (AP) and payment automation solutions for the middle market, is launching AvidPay and AvidInvoice for the long-term healthcare and social services industry. By eliminating manual, back-office processes through the automation of their accounts payable and payments, healthcare and social services organizations can reduce operational costs and focus resources

CHARLOTTE, N.C. – Central Piedmont Community College and AvidXchange are partnering to offer specialized training for employees through funding provided by the N.C. Community College System. AvidXchange, the leading provider of accounts payable (AP) and payment automation solutions for the middle market, will receive more than $598,000 in training from

CHARLOTTE, N.C. – AvidXchange, the leading provider of accounts payable (AP) and payment automation solutions for the middle market, is expanding its payments partnership with MRI Software, the global leader in real estate software solutions. Announced today at MRI Ascend, the seven-year partnership extension builds on 15 years of successful

CHARLOTTE, N.C. – AvidXchange, a leading fintech provider of accounts payable (AP) and payment automation solutions for the middle market, today announced new functionalities for its AvidXchange for NetSuite (AFN) SuiteApp. AFN, built using the Oracle NetSuite SuiteCloud Computing Platform, automates the entire invoice to payment process, allowing customers to

AvidXchange recognized as one of the world’s leading private, cloud-based companies CHARLOTTE, N.C. (Sept. 11, 2019) – AvidXchange, the leading provider of accounts payable (AP) and payment automation solutions for the middle market, has been named to the Forbes 2019 Cloud 100, the definitive list of the top 100 private companies in cloud

20 percent of U.S. banks will have access to AvidPay Network of 500,000+ suppliers CHARLOTTE, N.C. (Aug. 27, 2019) – AvidXchange, the leading provider of accounts payable (AP) and payment automation solutions for the middle market, announced today that it has agreed to acquire BankTEL Systems, a provider of accounting solutions to more than

Rob Phocas to spearhead community engagement nationwide for high-growth fintech CHARLOTTE, N.C. (July 23, 2019) – AvidXchange, the leading provider of accounts payable (AP) and payment automation solutions, today announced Rob Phocas as its new Director of Corporate Social Responsibility (CSR). Phocas brings a robust background in sustainability and environmental law to

New partnership provides SAP Concur customers access to electronic payments with 500,000+ suppliers Charlotte, N.C. (July 18, 2019) – AvidXchange today announced a strategic partnership with SAP Concur allowing Concur Invoice customers to process electronic payments through the AvidPay Network of 500,000+ suppliers. With AvidXchange’s payments expertise, Concur Invoice customers