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AvidXchange Holdings, Inc. specializes in providing comprehensive accounts payable (AP) automation software and payment solutions tailored for middle market businesses and their suppliers across North America. Founded in 2000 and headquartered in Charlotte, North Carolina, AvidXchange has established itself as a leader in transforming traditional AP processes through innovative technology solutions.
The company's core offerings include a robust SaaS-based AP automation software that streamlines and digitizes the entire invoice management lifecycle. This platform automates invoice capture, review, approval, and payment processes, enhancing efficiency and accuracy while reducing manual errors and processing time.
AvidXchange also operates the AvidPay network, which serves as a bridge facilitating seamless electronic payments between buyers and suppliers. This network enables secure and efficient two-sided transactions, enhancing cash flow management and optimizing financial operations for businesses across various industries.
With a customer-focused approach, AvidXchange serves a wide array of sectors including real estate, construction, healthcare, education, and media, among others. The company reaches its clientele through direct salesforces, strategic channel partnerships, and collaborations with software and technology business partners, ensuring broad accessibility and effective deployment of its innovative AP automation solutions. AvidXchange continues to innovate and expand its offerings to meet the evolving needs of its diverse customer base, solidifying its position as a leader in AP automation and payment solutions.
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