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) released its latest report on Middle Market Spending Trends, revealing a shift towards technology investment. Findings indicate middle market firms are prioritizing digital transformation, with a 22% increase in IT spending over hiring and marketing. Notably, the average tech spend rose 7.4% since 2020. Survey data shows 78% of finance professionals believe recent tech investments will positively impact business continuity. The report suggests that despite economic challenges, middle market companies remain resilient and committed to modernization.
AvidXchange Holdings has launched an end-to-end purchase-to-pay integration for Sage 100 customers through its platform, AvidStrongroom. This new feature automates the matching of purchase orders, invoices, and receipts, reducing manual effort and error risk. The integration aims to enhance efficiency for AP professionals, potentially lowering costs by minimizing vendor overpayments. AvidXchange is committed to refining its offerings for customers, enabling them to focus on core business activities.
AvidXchange Holdings (Nasdaq: AVDX) has introduced a new API integration with Acumatica, automating the purchase-to-pay (P2P) process. This integration combines the TimberScan Titanium and AvidPay platforms, streamlining AP tasks for middle market businesses across industries like construction and retail. It facilitates cost and time savings by enabling remote management of invoices via a cloud-based solution. AvidXchange aims to enhance efficiency and reduce operational costs for finance teams, addressing the evolving needs of businesses amid changing economic landscapes.
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.