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.