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AvidXchange

AI-powered accounts payable automation for mid-market businesses, built on 25+ years of AP

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AvidXchange is accounts payable automation software for mid-market businesses, covering purchase orders, invoices and payments. It is designed to reduce manual AP work, strengthen financial controls and give finance teams visibility into approvals and payments, while connecting to existing accounting and ERP systems. The company was founded in 2000 and is headquartered in Charlotte, North Carolina.

The platform includes purchase order automation, invoice automation and payment automation, along with AI-assisted processing, analytics, lien waiver management and customizable approval workflows with audit trails. It integrates with accounting and ERP systems including Oracle NetSuite, Intuit QuickBooks, Microsoft, Sage, Acumatica, Blackbaud, MIP Fund Accounting, MRI Rent Manager and Yardi, with more than 200 integrations available. Payments can be made through the AvidPay Network, with supplier options including virtual credit card, AvidPay Direct and mailed checks, supported by the AvidXchange Supplier Hub. AvidXchange also offers Accounts Payable as a Service, a fully managed AP infrastructure for ERP and accounting platforms.

The product is aimed at finance teams and mid-market businesses across industries including real estate, community association management, construction, financial services, healthcare, hospitality, media, technology, education, nonprofits and government. AvidXchange also serves ERP and accounting system providers through its AP as a Service offering, and suppliers through its payment network. The pages describe a demo-based sales process; specific plans, editions and pricing are not detailed.

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