AvidXchange
Procurement partnerAbout
AvidXchange is an AI-powered accounts payable automation software company founded in 2000 that serves more than 8,000 mid-market businesses. The company provides end-to-end AP automation solutions covering invoice capture, purchase order matching, payment processing, and supplier management, integrating with over 200 accounting systems and ERPs. AvidXchange operates one of the largest B2B supplier payment networks with over 1.5 million suppliers and processed 79.6 million transactions in 2025.
Details
VenSearch Intelligence
Ideal Customer
- AvidXchange targets the middle market with strong concentration in companies with 50–200 employees, representing 60% of its customer base, and revenues under $50M accounting for 48% of customers.
- AvidXchange is ideal for North American mid-market companies with $50M–$1B in revenue, especially in real estate, construction, HOA management, and financial services, that need integrated invoice-to-payment automation.
Key Differentiators
- AvidXchange's supplier payment network includes 1.5M+ enrolled suppliers, meaning businesses joining AvidXchange benefit from pre-existing supplier relationships in the network—reducing the cold-start problem that slows electronic payment adoption on self-serve platforms.
- Its primary competitive edge is its dedicated focus on the middle-market segment, offering tailored AP automation solutions that address the unique needs of mid-sized businesses, a segment often underserved by solutions designed for larger enterprises or simpler tools for smaller businesses.
Industries Served
- AvidXchange's customers operate across a variety of verticals in which it has domain expertise, including real estate, community association management, construction, financial services (including banks and credit unions), healthcare facilities, social services, education, hospitality, and media.
- The platform has particular strength in real estate, which represents 41% of its customer base, and serves 2,300+ financial institutions.
Service Coverage
- AvidXchange generates revenue in the United States and is primarily a North American-focused platform.
- The company has 1,600+ employees across the U.S., headquartered in Charlotte, NC, and empowers over 8,500 growth-driven businesses, having securely processed payments to more than 1.3 million suppliers through its proprietary payment network over the past five years.
Partnerships
- AvidXchange integrates with Oracle NetSuite, Intuit QuickBooks, Microsoft, Sage, Acumatica, Blackbaud, MIP Fund Accounting, MRI, Rent Manager, and Yardi, among many others.
- In February 2026, AvidXchange announced enhanced integrations for Microsoft Dynamics GP, NetSuite, and Sage Intacct, delivering greater speed across purchase order, invoice, and payment workflows.
Company Size & Ownership
- Founded in 2000 and headquartered in Charlotte, North Carolina, AvidXchange delivers a robust SaaS platform designed to digitize and streamline complex AP workflows.
- The company has approximately 1,765 employees as of recent reporting.
Compliance & Certifications
- AvidXchange's Trust Center lists SOC 1 Type 2, SOC 2 Type 2, PCI DSS v4.0.1, and NIST CSF as its active compliance frameworks, and publishes its 2025 SOC 1 Type II and SOC 2 Type II audit reports conducted by Forvis Mazars LLP.
- AvidXchange is a licensed money transmitter with SOC 1 Type 2 and SOC 2 Type 2 compliance and has built-in tools such as role-based approvals, OFAC screening, audit trails, 24/7/365 fraud monitoring, and e-validation to help protect both organizations and supplier relationships.
Compiled from public sources by VenSearch · Last researched October 14, 2026
Offerings
12 offeringsAccounts Payable as a Service
A fully managed AP infrastructure solution designed for ERPs and accounting platforms that want to embed invoice and payment automation natively into their product without building or scaling the infrastructure themselves. It includes a pre-enabled supplier network, branded buyer experience through APIs, AI-powered invoice capture with 99%+ data extraction accuracy, AI-powered fraud protection, and revenue share on payments. AvidXchange manages compliance, supplier enablement, AI optimization, and human review on behalf of the ERP partner.
Accounts Payable Automation
An end-to-end AI-powered AP automation solution that takes the purchase-to-pay process paperless by automating invoice processing, approvals, and payments. It integrates with more than 200 purpose-built accounting systems and ERPs, allowing finance teams to process invoices and make payments without manual paper-based tasks. The solution includes AI embedded across capture, control, and payment execution steps.
AvidSuite for NetSuite
An AP automation solution purpose-built for Oracle NetSuite users that provides an embedded pay experience allowing US-based customers to pay suppliers directly within NetSuite. It offers full-service invoice and payment processing including 2- and 3-way PO matching, API-based integration that syncs invoice images, expense line items, and payment data between NetSuite and AvidXchange, and unlimited users and approvers.
AvidSuite for QuickBooks
An AP automation solution designed for QuickBooks Desktop and Online users that replaces paper-based invoice and payment processes with electronic workflows integrated directly with QuickBooks. For Desktop and Enterprise users it provides a robust API integration including purchase orders and material receipts, while Online users get an end-to-end cloud-based solution with automatic syncing of GL codes, vendor lists, invoices, and payments.
AvidXchange Supplier Hub
A self-service portal for suppliers in the AvidPay Network that provides 24/7 access to real-time payment status and flexible payment options. Suppliers can choose their preferred payment method including virtual credit card, AvidPay Direct, or mailed checks, and receive support from a dedicated team to ensure payments are processed efficiently.
Customer Care
An ongoing customer support service that provides personal, timely, and complete issue resolution and technical support through a frontline customer care team. Support is accessible via live chat, support tickets, and a library of support articles, videos, and how-to guides available anywhere and anytime.
Customer Enablement
A learning and education service that helps customers maximize AvidXchange solutions through certification programs, on-demand eLearning courses, educational webinars, and an AvidXchange community. Resources are designed to support customers both when they are new to the platform and when they are adapting to changes, making learning flexible and accessible.
Customer Onboarding
A dedicated onboarding service that gets customers up and running in as little as 45 days with a team of two or three specialists assigned to each project. The onboarding team spends time understanding each customer's unique business needs and configures the software to work specifically for their requirements, holding regular meetings and walking through every step of the setup and go-live process.
Invoice Automation
An AI-powered invoice automation solution that captures every invoice received, extracts data with 99%+ accuracy, and uses AI agents including an Invoice Capture Agent, AI PO Matching Agent, and AI Approval Agent to route and prepare invoices for approval. Expert indexers provide an additional layer of review when needed, and one person can manage more than 10,000 monthly invoices with 90% prepared without manual intervention.
Payment Automation
An AI-powered B2B payment automation solution that eliminates manual payment tasks and enables businesses to manage 100% of their payment process in one place with real-time visibility into payment status and approvals. It supports electronic payment options, provides detailed payment information files for seamless reconciliation, and connects to existing accounting systems or ERPs. The solution is backed by more than 250 Supplier Services Specialists.
Purchase Order Automation
An AI-powered purchase order automation solution that imports approved purchase orders directly into the invoice workflow and uses AI agents to match invoice line items against PO line items in seconds without requiring users to switch systems. It supports configurable 2-way and 3-way matching with tolerance policies by supplier, giving AP teams structured control to catch discrepancies before invoices are approved.
Supplier Enrollment and Management
A managed service in which AvidXchange proactively onboards suppliers, manages their payment preferences, and handles supplier inquiries on behalf of the customer. Suppliers gain access to real-time payment status through the 24/7 self-service Supplier Hub, and the AvidXchange team fields supplier questions directly, drawing on a network of over one million suppliers already enrolled in the payment network.
Considering AvidXchange?
Our team will work with you to determine if AvidXchange is the right fit for your organization. From research and assessment through procurement negotiation and ongoing vendor management — we handle the entire process at no cost to you.