AvidXchange Holdings, Inc. - Common Stock (AVDX)

The 2024 honorees feature six innovative accounts payable professionals who are driving transformative change in the industry

AvidXchange and the Institute of Finance and Management survey highlights the positive impact of automation on the careers of AP professionals.

This year’s survey highlights leaders’ focus on AI, Cybersecurity, and more for the coming year.

CHARLOTTE, N.C., Aug. 27, 2024 (GLOBE NEWSWIRE) -- AvidXchange, a leading provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, today announced a strategic and exclusive partnership with Workamajig, a leading agency management software for the creative industry.

Nominations for the awards program open on August 20, 2024, and will honor individuals driving innovative change in the accounts payable industry

The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) is currently investigating potential violations of the federal securities laws on behalf of investors of AvidXchange Holdings, Inc. (NASDAQAVDX) (“AvidXchange”).

The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of AvidXchange Holdings, Inc. (“AvidXchange” or “the Company”) (NASDAQAVDX) for violations of the securities laws.

CHARLOTTE, N.C., May 23, 2024 (GLOBE NEWSWIRE) -- AvidXchange (Nasdaq: AVDX), a leading provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, announced a strategic partnership with MIP Fund Accounting by Community Brands (“MIP”) in combination with a new invoice-to-pay application programming interface (API) integration. This partnership grants MIP – a leading cloud-based, SaaS fund accounting solution purpose-built for nonprofits and government organizations – the ability to market and offer AvidXchange as an AP automation solution to its 6,000 customers across the country.

CHARLOTTE, N.C., Feb. 28, 2024 (GLOBE NEWSWIRE) -- AvidXchange Holdings, Inc. (Nasdaq: AVDX), a leading provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, today announced financial results for the fourth quarter ended December 31, 2023.

Industry leaders collaborate on exclusive payment embedded automation integration for CoreSelect™

Report reveals top five initiatives finance professionals are considering when planning for the year ahead

Partnership marks AvidXchange as the first accounts payable partner in the AppFolio Stack™ Marketplace

--Strong Q3’23 year over year (Y-O-Y) revenue growth, yield and unit cost-driven gross margin expansion and operating leverage fuel strong financial performance

CHARLOTTE, N.C., Aug. 02, 2023 (GLOBE NEWSWIRE) -- AvidXchange, a leading provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, today announced that John Feldman has been elevated to the role of Chief Operating Officer of AvidXchange, Inc. Feldman will continue to oversee the transformation of the company’s service and fulfillment operations around standardization, sourcing and automation. Additionally, Doug Anderson has joined AvidXchange, Inc. as Chief Product Officer to lead the company’s product strategy and innovation.

--Strong Q2’23 year over year (Y-O-Y) revenue growth, yield and unit cost-driven gross margin expansion and operating leverage fuel strong financial performance

CHARLOTTE, N.C., June 14, 2023 (GLOBE NEWSWIRE) -- AvidXchange Holdings, Inc. (Nasdaq: AVDX), a leading provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, today released its 2022 Environmental, Social and Governance (ESG) Report. This report highlights the company’s commitments to ESG, how these commitments tie back to the company’s core business and how the company delivers value to its stakeholders.

CHARLOTTE, N.C., June 01, 2023 (GLOBE NEWSWIRE) -- AvidXchange Holdings, Inc. (Nasdaq: AVDX), a leading provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, today announced Lien Waiver Management for TimberScan, a premium feature embedded in AvidXchange’s full purchase-to-pay solution with a seamless Sage 300 CRE integration. With Lien Waiver Management, construction industry professionals are offered an improved payment process by associating the release of funds with the receipt and inspection of the lien waiver, ultimately reducing construction project delays. Lien Waiver Management supports all four lien waiver types including, Partial Conditional, Partial Unconditional, Final Conditional and Final Unconditional within the TimberScan platform.

--First quarter 2023 year-over-year financial results swing to adjusted EBITDA profit on higher revenue growth, payment monetization, operational efficiencies and expense leverage

CHARLOTTE, N.C., April 17, 2023 (GLOBE NEWSWIRE) -- AvidXchange Holdings, Inc. (Nasdaq: AVDX), a leading provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, today announced that its first quarter 2023 ended March 31, 2023, financial results will be released on Wednesday, May 3, 2023. AvidXchange will host a conference call at 10:00 AM ET on May 3, 2023, to discuss the company’s financial results.

CHARLOTTE, N.C., March 08, 2023 (GLOBE NEWSWIRE) -- AvidXchange Holdings, Inc. (Nasdaq: AVDX), a leading provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, today announced that members of the management team will participate in the Wolfe Research FinTech Forum in New York, NY on Wednesday, March 15, 2023 at 8:00 AM ET.

CHARLOTTE, N.C., March 07, 2023 (GLOBE NEWSWIRE) -- AvidXchange Holdings, Inc. (Nasdaq: AVDX), a leading provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, today announced its referral partnership with KeyStone by Corelation Inc. (“Corelation”), the latest core processor for today’s credit union. This allows AvidXchange to offer AvidAscend, a best-in-class invoice-to-pay software solution, to Corelation's 190+ top credit union customers.

--Broad-based demand across verticals drives year over year Q4’22 revenue growth of 24.4%, 23.3% organically

New premium business intelligence solution offers spend management capabilities beyond standard industry reporting

James Sutton joins as Chief Revenue Officer

CHARLOTTE, N.C., Jan. 11, 2023 (GLOBE NEWSWIRE) -- AvidXchange Holdings, Inc. (Nasdaq: AVDX), a leading provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, today announced that its fourth quarter 2022 ended December 31, 2022 financial results will be released on Wednesday, March 1, 2023. AvidXchange will host a conference call at 10:00 AM ET on March 1, 2023, to discuss the company’s financial results.