AvidXchange Among Apps Top 500

1210 AvidXchange Lane

Charlotte, NC, 28206, USA

1 800-560-9305

http://www.avidxchange.com/

436
List of Verified AvidXchange Customers

AvidXchange Recent Developments

In June 2017, AvidXchange partnered with Mastercard to deliver accounts payable and payment automation to small and midsize businesses. To support AvidXchange’s continued growth and ability to scale operations for strategic ventures, the company is also announced the signing of $300 million in financing with contributions from Caisse de dépôt et placement du Québec (CDPQ), Mastercard, Temasek, and Peter Thiel.

AvidXchange M&A Activities

In November 2017, AvidXchange acquired Ariett, a leading cloud solution provider in the fast-growing purchase-to-pay market. The acquisition enabled the current, and future, joint customer base to benefit from the complementary solutions that will deliver an industry leading purchase-to-pay experience.

AvidXchange Key Enterprise & Cloud Applications

AvidXchange Cloud,

SCORES Analysis

AvidXchange Strengths

AvidXchange provides accounts payable solutions that streamlines invoice capture, intelligently routes approvals and automates payments reducing costs, improving productivity and eliminating paper from the process. As the first SaaS technology vendor to automate invoice processing, AvidXchange works with vendors to electronically send and receive invoices through the AvidBill Network and has standard integration to more than 100 accounting systems. AvidInvoice significantly reduces operating costs and improves productivity in a company’s accounts payable department. AvidPay eliminates 100% of paper checks from company’s payment processes, maintains vendor information and payment preferences, and facilitates payments for every invoice, every vendor, and every bank. In February 2017, AvidXchange unveiled new offerings for suppliers by the name of AvidXchange Cashflow Manager. AvidXchange Cashflow Manager gives suppliers access to a portal where they can view the status of receivables and take advantage of a payment advancement feature to have power over their cash flow.

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  • Key differentiators
  • Domain Expertise
  • Product portfolio
  • Solution scope

AvidXchange Revenues, $M:

Type/Year 2016 2017 YoY 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:

Type License Services Hardware Support & Maintenance SaaS
% of Total Revenues Subscribe Subscribe Subscribe Subscribe Subscribe
Revenues, $M Subscribe Subscribe Subscribe Subscribe Subscribe

AvidXchange Revenues By Region, $M

Region % of Total Revenues 2017 Total Revenues, $M 2017 Enterprise Applications Revenues, $M 2017 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

Region Direct Sales Indirect Sales Total
Type % Subscribe Subscribe Subscribe
Revenues, $M Subscribe Subscribe Subscribe

AvidXchange Customers

No. of Customers: Subscribe

No. of Enterprise Applications Customers: Subscribe

No. of Cloud Customers: Subscribe

No. of Cloud Subscribers: Subscribe

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  • Reference wins across regions
  • Customer Size segments
  • Customer wins momentum

AvidXchange Opportunities

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  • Market Opportunities at the vertical and subvertical levels
  • Mergers and Acquisitions (M&A), Funding
  • Geo Expansions

AvidXchange Risks

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  • Ability to handle internal and external risk and challenges

AvidXchange Ecosystem

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  • Health of ecosystem
  • Network Effects of BPO, ISV, SI
  • VAR Partners
  • Direct vs Indirect sales

AvidXchange Cloud Infrastructure Insights

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  • Cloud Infrastructure (IaaS)
  • Cloud Platform (PaaS)
  • Cloud Application delivery (SaaS)
  • Data Center (Hosting)

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).




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