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AvidXchange Holdings Inc provides accounts payable automation software and payment solutions for mid-market businesses and their suppliers. Company news centers on embedded AP and payments offerings, ERP partner integrations, Accounts Payable as a Service, and payment-network capabilities that support invoice and bill-payment workflows.
Recurring updates also cover partnerships with software platforms and sector-focused providers, research on finance-team automation and AI adoption, and AvidXchange's role as a licensed money transmitter for B2B payments in the United States. The company's announcements emphasize digital AP workflows, supplier payments, fraud-risk reduction, reporting visibility, and finance operations for middle-market customers.
AvidXchange, a leading provider of accounts payable automation software and payment solutions for middle market businesses, will release its second quarter 2024 financial results on July 31, 2024. The financial results will cover the quarter ended June 30, 2024. A conference call to discuss these results will take place at 10:00 AM ET on the same day. The call will be broadcast live via a webcast available on the AvidXchange Investor Relations website. A recorded replay of the call will also be accessible post-event on the same platform.
AvidXchange Holdings (NASDAQ: AVDX), a leader in AP automation software and payment solutions, announced participation in upcoming investor conferences. The events include:
1. Baird 2024 Global Consumer, Technology & Services Conference on June 6, 2024, at 12:15 PM ET.
2. Morgan Stanley US Financials, Payments & CRE Conference on June 10, 2024, at 10:15 AM ET, with a live webcast available on the AvidXchange investor relations website.
3. BMO Virtual Software Conference on June 11, 2024, at 10:00 AM ET, with replays available for a time.
AvidXchange (Nasdaq: AVDX) has announced a strategic partnership with MIP Fund Accounting by Community Brands. This partnership includes a new invoice-to-pay API integration aimed at streamlining financial processes for nonprofits and government organizations. MIP, a cloud-based SaaS fund accounting solution, will now offer AvidXchange's AP automation tool to its 6,000 customers. The integration will sync GL codes, vendor lists, invoices, and payments, reducing manual tasks and increasing efficiency. It also provides enhanced security and real-time data insights. This collaboration aims to give organizations more time to focus on their missions.
AvidXchange Holdings (Nasdaq: AVDX), a leader in accounts payable automation and payment solutions for middle-market businesses, announced its participation in two upcoming investor conferences. The company will present at the Barclays 14th Annual Emerging Payments and FinTech Forum on May 16, 2024, at 1:50 PM ET, and at the J.P. Morgan 52nd Annual Global Technology, Media & Communications Conference on May 20, 2024, also at 1:50 PM ET. Both presentations will be webcast live and made available on AvidXchange's investor relations website for a time.
AvidXchange Holdings, Inc. (AVDX) reported strong Q1'24 financial results with revenue up 21.6% YoY to $105.6 million and adjusted EBITDA at $17.7 million. The company reduced operating losses, sustained a solid balance sheet with $443.6 million in cash and securities, and provided a positive outlook for 2024. AVDX remains confident in its growth prospects amidst macroeconomic uncertainty.
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