[Charlotte, NC, October 15, 2024] — AvidXchange, Inc., a leading provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, today announced it has been named a 2024 Provider to Know by Spend Matters for its robust suite of AP automation and B2B payment solutions.
Spend Matters’ annual “50 Providers to Know” list honors the best-in-class companies in the AP automation/invoice-to-pay, procurement and supply chain markets. The recognition marks the third consecutive year that AvidXchange has been named by Spend Matters as a vendor that industry leaders need to know about, having first been recognized in the 2022 list. Vendors selected to the list are independently vetted by the analyst team over multiple rounds of debate, focusing on factors such as innovation, market presence, tech competency and solution delivery.
“We are honored to have been recognized once again on the Spend Matters ‘50 Providers to Know’ list,” said Dan Drees, President of AvidXchange. “This recognition underscores our dedication to continuous innovation in our AP automation solutions, designed to meet the dynamic needs of today’s finance teams and deliver exceptional value to our customers.”
“AvidXchange offers a robust suite of services and technology for automating invoice management and payments. Its strengths in managed services and systems integration and its Supplier Hub make it a top choice for businesses looking to automate B2B payments,” said Xavier Olivera, Lead Analyst of Downstream Procurement at Spend Matters.
To learn more, visit spendmatters.com/vendor-directory/50-to-know/2024/
About AvidXchange
AvidXchange is a leading provider of accounts payable (“AP”) automation software and payment solutions for middle market businesses and their suppliers. AvidXchange’s software-as-a-service-based, end-to-end software and payment platform digitizes and automates the AP workflows for more than 8,000 businesses and it has made payments to more than 1.2 million supplier customers of its buyers over the past five years. To learn more about how AvidXchange, and its publicly traded parent AvidXchange Holdings, Inc. (Nasdaq: AVDX), are transforming the way companies pay their bills, visit avidxchange.com.
About Spend Matters
Spend Matters is the leading solution intelligence source for procurement and supply chain professionals. Combining deep technology analysis and tailored advisory services with daily news coverage and subscription research, Spend Matters is trusted by CPOs, consultants, investors and solution providers alike as their procurement technology intelligence partner.