Welcome to our dedicated page for Avidxchange Holdings news (Ticker: AVDX), a resource for investors and traders seeking the latest updates and insights on Avidxchange Holdings stock.
AvidXchange Holdings, Inc. (formerly Nasdaq: AVDX) generates frequent news as a provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers. This news page aggregates coverage of the company’s product announcements, partnerships, survey findings, and financial disclosures so readers can follow how AvidXchange’s AP and payments platform evolves over time.
Company news often highlights developments in its AP automation and payments offerings, including the launch of Accounts Payable as a Service, which lets ERP providers embed AP and payment workflows directly into their platforms using AI‑enhanced automation, APIs, and prebuilt modules. Updates may also feature new embedded ERP relationships and integrations that extend AvidXchange’s reach across industry verticals.
Another recurring theme in AvidXchange news is its research on finance and AP trends. The company releases surveys and reports on topics such as economic sentiment among finance professionals, adoption of AI and automation, workforce concerns among AP teams, and payment security trends. These stories provide context on how finance departments are responding to economic pressures and technology change.
Historical news items include quarterly financial results from AvidXchange’s time as a public company, detailing revenue trends, transaction volumes, and payment volumes, as well as information about its acquisition by TPG in partnership with Corpay and the transition to private ownership. Together, these articles offer a record of AvidXchange’s business performance, strategic direction, and role in the AP automation market.
Investors, customers, and finance professionals can use this news feed to monitor AvidXchange’s product evolution, partnerships, research releases, and significant corporate events related to AP automation and B2B payments.
AvidXchange Holdings, Inc. (Nasdaq: AVDX) has announced a referral partnership with Corelation, enabling the integration of AvidAscend, a premier invoice-to-pay software, for over 190 credit union customers of Corelation. The partnership aims to modernize payment processes by transitioning from manual systems to a streamlined, automated solution, improving efficiency and reducing costs. AvidXchange's solution has already received positive feedback from clients like Sun Community Federal Credit Union, highlighting enhanced functionality and robust reporting. This strategic collaboration positions AvidXchange to cater to the evolving needs of credit unions in a digital-first environment.
AvidXchange Holdings, Inc. (AVDX) reported a 24.4% revenue growth year-over-year for Q4 2022, totaling $86.2 million. Adjusted EBITDA losses narrowed significantly to $(1.3) million from $(8.2) million in Q4 2021. The company projects an accelerated path to adjusted EBITDA profitability in 2023, earlier than the previous target of 2024. Full-year revenue for 2022 reached $316.4 million, a 27.4% increase year-over-year. The company processed 18 million transactions in Q4 2022, marking a 9.2% rise. For 2023, AvidXchange expects revenue between $359 million and $366 million.
AvidXchange (Nasdaq: AVDX) announced the launch of AvidAnalytics, a premium Business Intelligence solution aimed at enhancing spend management for middle market businesses. This innovative tool provides custom reporting capabilities, surpassing traditional methods, and includes intelligent analytics, immersive dashboards, and data visualizations. AvidAnalytics integrates seamlessly with the AvidInvoice, AvidPay, and AvidBuy platforms, offering users improved visibility into accounts payable processes. As companies increasingly shift to digital solutions, AvidAnalytics empowers buyers with actionable insights directly from their data.
AvidXchange Holdings (Nasdaq: AVDX) has announced key leadership changes, elevating Dan Drees to President and welcoming James Sutton as Chief Revenue Officer. Drees, previously Chief Growth Officer, will oversee sales, marketing, operations, and product, focusing on enhancing organizational agility and operational synergies. The leadership shifts aim to strengthen AvidXchange’s position in the accounts payable automation market, catering to middle-market businesses. Sutton brings substantial SaaS experience, having previously held roles at Salesforce and Google. These changes signal a commitment to growth and improved efficiency in response to customer needs and strategic initiatives.
AvidXchange Holdings, Inc. (Nasdaq: AVDX) will release its fourth quarter 2022 financial results on March 1, 2023. The company will host a conference call at 10:00 AM ET on the same day to discuss these results, which can be accessed live via webcast. AvidXchange specializes in accounts payable automation and payment solutions, serving over 8,000 businesses and facilitating payments to 825,000 suppliers in the past five years. For more information, visit their investor relations site.
AvidXchange Holdings has announced the appointment of two new board members, Sonali Sambhus and Asif Ramji, to enhance insights around product and automation strategies. Both members bring extensive experience from the payments and software sectors. Asif previously held senior roles at FIS and Worldpay, while Sonali led technology strategies at Block, Inc. Their appointments aim to support AvidXchange's growth and unlock shareholder value. Concurrently, board members Nigel Morris and Hans Morris have resigned, with no disagreements reported, effective December 15, 2022.
AvidXchange (Nasdaq: AVDX) announced a new API integration with Intuit QuickBooks Online, enhancing its accounts payable (AP) automation solutions. This integration, built on the AvidConnect platform, allows for automated syncing of accounting codes and vendor information, streamlining invoice and payment processes. Customers benefit from reduced manual handling and increased efficiency, providing better insights into payment data while lowering accounting costs. This move signifies AvidXchange's commitment to supporting middle-market businesses' evolving needs.
AvidXchange (Nasdaq: AVDX) has launched a cross-border payments solution embedded within Oracle NetSuite. This new feature allows US customers to handle both domestic and international supplier payments directly through NetSuite, supporting multiple currencies including AUD, CAD, EUR, GBP, INR, and MXN. The integration aims to enhance financial visibility and streamline accounting processes, reducing the need for manual tasks and improving security. AvidXchange aims to provide a comprehensive end-to-end payment solution, leveraging a partnership with a third-party international payments leader.
AvidXchange Holdings, Inc. (Nasdaq: AVDX) will host its Investor Day on June 1, 2023, in Charlotte, North Carolina. The event will include management presentations discussing strategies and opportunities in the B2B middle market AP and payments automation sector. Attendees can expect panel discussions featuring buyer and supplier customers and integration partners. A live webcast will also be available. AvidXchange specializes in accounts payable automation software for middle market businesses, serving over 8,000 clients and facilitating payments to more than 825,000 suppliers in the past five years.
AvidXchange Holdings (Nasdaq: AVDX) has announced that its management team will participate in two upcoming investor conferences. The first will be at the Citi FinTech Conference in New York, NY on November 14, 2022, at 3:45 PM ET. The second event is the Credit Suisse 26th Annual Technology Conference in Scottsdale, AZ, on November 29, 2022, at 3:45 PM MST. A live webcast of both presentations will be accessible on the investor relations website, with replays available for a limited time. AvidXchange specializes in AP automation for middle market businesses.