Avidxchange Holdings

AVDX · NASDAQ

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About AVDX

AvidXchange Holdings, Inc. engages in the provision of accounts payable automation software and payment solutions. The company is headquartered in Charlotte, North Carolina and currently employs 1,600 full-time employees. Its Software-as-a-Service (SaaS)-based, end-to-end software and payment platform digitizes and automates the AP workflows for more than 8,500 businesses (its buyers) and it has made payments to more than 1,350,000 supplier customers of its buyers (suppliers). Its platform automates end-to-end AP workflows for its buyers and enhances the payment experience for its suppliers through the various products and features: AP Automation Software, the AvidPay Network, and the AvidXchange Supplier Hub. The firm provides solutions and services throughout North America spanning multiple industries, including real estate, community association management, construction, financial services (including banks and credit unions), healthcare facilities, social services, education, media, and hospitality.

Employees
1,600
Headquarters
Charlotte, North Carolina
Listed
Oct 13, 2021
Sector
Financials
Industry
Financial Services

Leadership

Avidxchange Holdings executives
NameTitleSince
Michael Praeger—2000
Daniel Drees——
Joel Wilhite——
Todd Cunningham——
Angelic Gibson——
Ryan Stahl——
Asif Ramji——
Subhaash Kumar—2022

Revenue by product and region

Fiscal year ended Dec 31, 2022: $316.35M total revenue

By product

  • Payment$213.84M67.6%
  • Software$99.54M31.5%
  • Services$2.97M0.9%

Suppliers and customers

Price correlation is over one year: 1 means the stocks move together, -1 opposite

Avidxchange Holdings suppliers and customers
CompanyRelationshipCorrelation
SAP SAP.DESupplier and customer—
MRI Software LLCSupplier and customer—
RealPage, Inc. RPSupplier and customer—
FLEETCOR Technologies FLTSupplier—
Blackbaud BLKBSupplier and customer—
Home Depot HDCustomer—
Bank of America BACCustomer—
Oracle ORCLSupplier and customer—
Comcast A CMCSACustomer—
Trimble TRMBSupplier and customer—

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