AvidXchange

AvidXchange sells accounts payable and payment automation to mid-market finance teams. Founded in 2000 in Charlotte, North Carolina, its software captures invoices, routes them for approval, and pays suppliers electronically, integrating with the customer's existing ERP or accounting system.

The product line covers accounts payable automation, purchase order automation, straight-through invoice processing, invoice status inquiry for suppliers, and a supplier hub through which vendors manage their own payment details. An accounts-payable-as-a-service option hands more of the workflow to AvidXchange staff. Named industries include real estate and community association management alongside technology, professional services, and K-12 schools.

The company reports more than 8,000 customers, a network of over 1.5 million suppliers, and more than 1,500 employees. It is a licensed money transmitter for B2B payments in the United States under NMLS ID #1494826, licensed by the New York State Department of Financial Services and by the other states that require it. A published customer story describes a property management firm overseeing more than 200 properties saving 830 hours a year on payments.

Headquarters are at 1210 AvidXchange Lane, Charlotte, NC 28206, on 800.560.9305. Pricing is not published; ask how the fees work at your invoice volume and which ERP connectors are included in the quote.