AvidXchange provides a SaaS platform that automates accounts payable and vendor payments. It includes invoice management, bill payment, purchase order, and check printing to digitize and speed payment workflows. Clients subscribe and may pay transaction fees; the system digitizes invoices, automates approvals, sends e-payments, and can print checks, cutting processing time from about 10 days to 3. It differentiates by offering a comprehensive cloud-based suite across many industries with a focus on speed, security, and cash-flow improvement; goal is to simplify and accelerate financial operations, reduce manual tasks, and lower costs.
Company Size
1,001-5,000
Company Stage
Acquired
Total Funding
$1.7B
Headquarters
Charlotte, North Carolina
Founded
2000
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