AvidXchange Named Top-Tier Software Vendor by APPS RUN THE WORLD in the APPS TOP 500 Market Report

338 AvidXchange

AvidXchange Strengths, Domain Expertise, and Key Differentiators

AvidXchange with tools like AvidAnalytics, AvidInvoice, and Lien Waiver Management for TimberScan, it empowers middle-market businesses with robust business intelligence capabilities, streamlined invoice processing, and enhanced payment automation. AvidXchange's strengths lie in its ability to seamlessly capture invoices, automate approvals, and facilitate electronic payments, thereby reducing costs, boosting productivity, and eliminating paper-based processes. As pioneers in SaaS technology for invoice processing automation, AvidXchange's integration with over 225 accounting systems and its AvidBill Network enable efficient electronic invoice exchange. AvidInvoice significantly cuts operating costs and enhances productivity in the accounts payable department, while AvidPay revolutionizes payment processes by eliminating paper checks and facilitating payments for every invoice, vendor, and bank, solidifying its position as a leader in AP automation within the SaaS landscape.

AvidXchange Recent Developments

AvidXchange introduced two significant enhancements to its solutions: AvidAnalytics, a premium Business Intelligence tool tailored for middle market businesses, offering custom reporting methods and actionable insights to improve spend management and efficiency; and Lien Waiver Management for TimberScan, a feature streamlining payment processes in the construction industry by automating lien waiver tracking, reducing delays, and enhancing supplier relationships with real-time status checks.

AvidXchange Mergers and Acquisitions (M&A) Activities

AvidXchange has expanded its capabilities in accounts payable automation through a series of strategic acquisitions aimed at enhancing its offerings across key industries. The inclusion of FastPay strengthened its presence in the U.S. media sector by adding specialized payments automation solutions. The acquisition of Core Associates broadened its footprint in the construction industry, integrating widely used AP solutions like TimberScan with popular construction accounting systems. Additionally, acquiring Ariett advanced AvidXchange’s cloud-based purchase-to-pay capabilities, supporting its goal to deliver a comprehensive and seamless automation experience for mid-market organizations.

AvidXchange Customers in ARTW Customer Database

Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying AvidXchange applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of AvidXchange and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified AvidBuy, AvidInvoice, AvidPay, AvidAscend customers.

AvidXchange Overview

1210 AvidXchange Lane

Charlotte, NC, 28206, United States

1 800-560-9305

https://www.avidxchange.com/


Ownership: - NASDAQ : AVDX

Number of Employees: 1600

Functional Markets: ERP Financial, Procurement,

Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communication, Construction and Real Estate, CPG, Distribution, Education, Government, Healthcare, Insurance, Leisure and Hospitality, Life Sciences, Manufacturing, Media, Oil Gas Chemicals, Professional Services, Retail, Transportation, Utility,

AvidXchange Key Enterprise and Cloud Applications

AvidBuy, AvidInvoice, AvidPay, AvidAscend

AvidXchange Revenues, $M:

Type/Year20232024YoY Growth, %
Total Revenues, $M Subscribe Subscribe Subscribe
Enterprise Applications Revenues, $M Subscribe Subscribe Subscribe
Cloud Applications Revenues, $M Subscribe Subscribe Subscribe

* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.

AvidXchange Revenue Breakdown By Type, $M:

TypeLicenseServicesHardwareS&MSaaSPaaSIaaSOtherTotal
% of Total Revenues Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe 100%
Revenues, $M Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe

AvidXchange Revenues By Region, $M

Region% of Total Revenues2024 Total Revenues, $M2024 Enterprise Applications Revenues, $M2024 Cloud Applications Revenues, $M
Americas Subscribe Subscribe Subscribe Subscribe
EMEA Subscribe Subscribe Subscribe Subscribe
APAC Subscribe Subscribe Subscribe Subscribe
Total Subscribe Subscribe Subscribe Subscribe

AvidXchange Direct vs Indirect sales

TypeDirect SalesIndirect SalesTotal
Type % Subscribe Subscribe Subscribe
Revenues, $M Subscribe Subscribe Subscribe

AvidXchange Customers - Breakdown by Geo, Size, Vertical and Product

List of Verified AvidXchange Customers


No. of AvidXchange Customers: 9850

No. of AvidXchange Enterprise Applications Customers: 9850

No. of AvidXchange Cloud Customers: x

No. of AvidXchange Cloud Subscribers: 500000


AvidXchange boasts a vast clientele exceeding 8,800 across North America, comprising notable entities such as The Abbey Company, Advance Realty Group, Branch Properties, Canderel, Colliers International, Community Trust Bank, LBA Realty, NorthMarq, NTS Development Company, RFR Realty, LLC, Ramco-Gershenson Properties Trust, Shea Properties, Vedder Community Management, and numerous others.

AvidXchange Market Opportunities, M&A and Geo Expansions

With its recent introductions of AvidAnalytics, offering tailored business intelligence solutions, and Lien Waiver Management for TimberScan, streamlining payment processes in the construction industry, AvidXchange is well-positioned to further solidify its presence as a leading provider of accounts payable automation software. Leveraging its extensive network and integration with over 225 accounting systems, AvidXchange can continue to expand its reach and enhance its offerings, catering to the evolving needs of middle-market businesses across various industries. Additionally, with a client base exceeding 8,800 clients in North America, there is significant potential for AvidXchange to deepen its relationships, drive customer loyalty, and explore new avenues for growth, positioning the company for continued success in the future.

AvidXchange Risks and Challenges

One potential risk for AvidXchange is increased competition in the accounts payable automation market, which could result in pricing pressures and reduced market share. Additionally, technological advancements and shifts in customer preferences may necessitate continuous innovation to maintain relevance and competitiveness. Moreover, dependencies on third-party integrations and network connectivity could expose the company to operational vulnerabilities and potential disruptions. Regulatory changes, cybersecurity threats, and economic downturns are further risks that could impact AvidXchange's operations and financial performance. Managing these risks effectively will be crucial for sustaining growth and mitigating potential challenges in the future.

AvidXchange Ecosystem, Partners, Resellers and SI

In 2023, AvidXchange is strategically positioned for growth through recent partnerships and integrations. The collaboration with Wise enables enhanced international payment capabilities, facilitating faster and cost-effective transactions for customers across borders. Moreover, the enhanced partnership with Vantaca empowers community association management professionals with streamlined invoice ingestion and payment processes, aligning with industry demands for efficiency. Additionally, the partnership with AppFolio marks AvidXchange as the first accounts payable partner in the AppFolio Stackâ„¢ Marketplace, demonstrating the company's commitment to providing best-in-class solutions for the real estate industry. These initiatives underscore AvidXchange's dedication to innovation and its potential for continued expansion within various sectors.

Research Methodology

Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.


Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).


For additional information on our methodologies, here's the link:

https://www.appsruntheworld.com/About Us
https://www.appsruntheworld.com/taxonomy
https://www.appsruntheworld.com/FAQ