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. (AVDX) delivers innovative accounts payable automation and B2B payment solutions for middle-market businesses through its cloud-based SaaS platform. This dedicated news hub provides investors and financial professionals with essential updates on the company’s strategic developments, financial performance, and technological advancements.
Access real-time information about earnings announcements, product innovations, and industry partnerships that shape AvidXchange’s position in the financial technology sector. Our curated collection includes official press releases covering operational milestones, regulatory filings, and leadership updates directly from trusted corporate sources.
Stay informed about critical developments in AP automation technology, payment network expansions, and accounting system integrations that drive the company’s growth. The resource is designed to help stakeholders monitor operational efficiency improvements and market penetration strategies specific to middle-market financial operations.
Bookmark this page for streamlined access to verified information about AvidXchange’s progress in eliminating manual processes through digital transformation. Regularly updated content ensures you maintain awareness of factors influencing the company’s competitive edge in invoice processing and enterprise payment solutions.
AvidXchange Holdings, Inc. (Nasdaq: AVDX) has been awarded the prestigious Great Place to Work Certification™, with 84% of employees reporting it as a great workplace, significantly higher than the typical 57% for U.S. companies. The recognition, based on employee feedback, highlights AvidXchange's strong workplace culture characterized by high trust and camaraderie. Additionally, 94% of employees felt welcomed upon joining. This certification may enhance AvidXchange's ability to attract talent and retain employees, ultimately supporting its business growth and innovation.
AvidXchange Holdings (Nasdaq: AVDX) has announced a new API integration with ResMan, enhancing the accounts payable (AP) process for property management companies. This integration replaces manual processes with automated features like accounting code matching and secure payments through the AvidPay Network. AvidXchange aims to relieve back-office tasks for clients, enabling them to focus on growth. The launch reflects AvidXchange's commitment to evolving solutions to meet customer needs, particularly as demand for refined AP processes increases post-pandemic.
CHARLOTTE, N.C., May 11, 2022 (GLOBE NEWSWIRE) -- AvidXchange Holdings (Nasdaq: AVDX) announced its management team's participation in several upcoming investor conferences. Key events include the Barclays Emerging Payments & FinTech Forum on May 16, the Needham Annual Technology & Media Conference on May 17, the JP Morgan Global Technology Conference on May 25, the Jefferies Software Conference on June 1, and the Baird Consumer, Technology & Services Conference on June 7. Live webcasts of the presentations will be available on AvidXchange's investor relations website.
AvidXchange Holdings (Nasdaq: AVDX) has introduced Straight Through Processing (STP), enhancing the payment experience for high-frequency supplier customers via the AvidPay Network.
STP automates payment delivery, allowing funds to flow directly to suppliers' bank accounts, improving speed and reliability. This change minimizes human error and offers detailed remittance data for bookkeeping.
The innovation aligns with feedback from customers and aims to bolster AvidXchange’s automated accounts payable services, responding to growing industry demand.
AvidXchange Holdings, Inc. (Nasdaq: AVDX) reported a strong start to 2022, with first-quarter revenue reaching $71.2 million, up 29% year-over-year. The company experienced significant transaction volume growth, processing 16.9 million transactions, a 15.6% increase from Q1 2021. Adjusted EBITDA losses were reduced to $(5.6) million, improving from $(6.5) million year-over-year. AvidXchange raised its full-year revenue outlook to between $303 million and $307 million, while lowering adjusted EBITDA losses to between $(35) million and $(39) million.
AvidXchange Holdings, Inc. (Nasdaq: AVDX) is set to release its first quarter 2022 financial results on May 5, 2022, after market close. The company will hold a conference call at 6:00 PM ET to discuss these results, which can be streamed live via their investor relations website. AvidXchange specializes in accounts payable automation software and payment solutions for middle market businesses, serving over 8,000 clients and completing payments to more than 825,000 suppliers in the past five years.
AvidXchange Holdings (Nasdaq GS: AVDX) reported a positive outlook on middle-market spending trends in its latest release. The Q4 2021 data shows ongoing growth, marking the sixth consecutive quarterly increase in spending. Notably, investment in technology is leading the way as businesses pursue efficiency amidst macroeconomic challenges. AvidXchange emphasizes that automated digital solutions enhance resilience and operational efficiency for middle-market companies.
AvidXchange Holdings, Inc. (Nasdaq: AVDX) has announced strategic growth in the Homeowners Association (HOA) sector by appointing Michael Pizzico as Vice President. He will oversee sales performance, strategy, and revenue opportunities within this new business line. CEO Michael Praeger emphasized AvidXchange's commitment to understanding the unique challenges faced by middle-market businesses. With over 8,000 clients and a strong supplier network, AvidXchange seeks to enhance its AP automation solutions in the HOA industry.
AvidXchange, a provider of accounts payable automation software, announced the completion of the first stage of a Wi-Fi infrastructure project in Charlotte, N.C. This initiative, in partnership with the City of Charlotte and Tech Rising, offers free high-speed internet access to residents, enhancing digital equity in local communities. A gigabit fiber connection was established to facilitate this access, with plans for future expansions. AvidXchange will also host the Tech Rising Summit on April 6, 2022, focusing on digital equity and providing grants for technology education.
AvidXchange Holdings (AVDX) issued a correction regarding share ownership data provided to institutional investors. The company clarified that Mastercard Investment Holdings reported no change in its stake, contrary to previous reports indicating a reduction as of December 31, 2021. Additionally, AvidXchange confirmed that affiliate shares held by Steve McLaughlin also remained unchanged as of October 13, 2021. This correction aims to provide accurate shareholder information, crucial for institutional investors and market stability.
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