AvidXchange
by AvidXchange · AP Automation
Invoice and payment automation for mid-market and real estate sectors.
- Works with
- Sage, NetSuite, Microsoft Dynamics 365, Acumatica, QuickBooks
- Deployment
- Cloud
- Company size
- Mid-market
- Pricing
- Quote-based
- Founded
- 2000
- Headquarters
- Charlotte, North Carolina, USA
Overview
AvidXchange provides cloud-based accounts payable and payment automation focused on mid-market companies, with deep traction in industries such as real estate, property management, construction, HOA/community association management, healthcare, and hospitality. It automates the full AP cycle, from AI-powered invoice capture and coding through configurable approval workflows to payment execution across its large supplier network, while integrating with the accounting and ERP systems mid-market businesses already use.
A defining strength is its supplier payment network of more than a million suppliers, which enables electronic payment delivery and supplier enablement. AvidXchange combines invoice automation (AvidInvoice) with payment automation (AvidPay), and offers vertical-specific products for industries like real estate, reflecting its industry focus.
AvidXchange was founded in 2000 and is headquartered in Charlotte, North Carolina. It completed a Nasdaq IPO in 2021 (ticker AVDX); an agreement was subsequently announced for it to be acquired and taken private by an investor group including Corpay and TPG.
Screenshots & demo
Demo video hosted on YouTube.
Features & capabilities
Invoice Automation (AvidInvoice)
AI-powered capture and coding of invoices.
- AI-powered invoice capture
- Automated GL coding
- Multiple invoice intake channels
- Duplicate detection
- Purchase order matching
Approval Workflows
Configurable routing and approvals.
- Customizable multi-level approval workflows
- Mobile approvals
- Routing by entity, GL, or amount
- Audit trail
- Status visibility
Payment Automation (AvidPay)
Electronic supplier payment execution.
- AvidPay Network of 1M+ suppliers
- Electronic payments (virtual card, ACH, check)
- Supplier enablement and preferences
- Payment status tracking
- Reconciliation back to ERP
Industry Solutions
Vertical-specific AP products.
- Real estate and property management workflows
- Construction-specific AP
- HOA / community association management
- Integrations with industry accounting systems
Reporting & Controls
Visibility and governance.
- AP dashboards and reporting
- Spend visibility
- Role-based access controls
- Audit and compliance trails
Integration
Connectivity to mid-market accounting systems.
- Integrations with 265+ accounting and ERP systems
- Connectors for Sage, NetSuite, Dynamics, Acumatica, QuickBooks
- Industry-specific platform connectors
- API integration
Common use cases
- Mid-market companies automating invoices and payments without replacing their ERP
- Real estate and property management firms processing high invoice volumes
- Construction businesses needing job-aware AP workflows
- HOA and community association managers handling multi-entity payables
- Organizations paying suppliers electronically through a large payment network
- Finance teams seeking customizable approval routing across locations
Strengths & considerations
Strengths
- AvidPay supplier network spanning more than a million suppliers
- Deep vertical focus on real estate, construction, and association management
- Integrations with 265+ accounting and ERP systems common to mid-market
Considerations
- North America-focused with payments oriented to US suppliers
- Best fit for mid-market rather than large global enterprises
ERP integrations
Pricing
Pricing based on invoice and payment volume and modules; quote-driven. Get an independent shortlist with pricing guidance below.
Technical & security
- Hosting
- SaaS (multi-tenant)
- Data residency
- US
- Compliance
- SOC 1, SOC 2
- Mobile app
- Yes
- Languages
- English
About the vendor
- Founded
- 2000
- Headquarters
- Charlotte, North Carolina, USA
- Employees
- ~1,500-2,000
- Ownership
- Private equity
Alternatives to AvidXchange in AP Automation
AvidXchange — frequently asked questions
What industries does AvidXchange focus on?
It has strong traction in real estate, property management, construction, HOA/community association management, healthcare, and hospitality, with vertical-specific products.
What is the AvidPay Network?
AvidPay is AvidXchange's payment network of more than a million suppliers, enabling electronic payment delivery via virtual card, ACH, and check.
Does AvidXchange replace my accounting system?
No. It integrates with 265+ accounting and ERP systems so businesses can automate AP without replacing existing software.
Is AvidXchange publicly traded?
It completed a Nasdaq IPO in 2021 under ticker AVDX; an agreement was subsequently announced for it to be acquired and taken private by an investor group including Corpay and TPG.
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