Glassdoor Avidxchange (2024)

FAQs

Is AvidXchange a good company to work for? ›

AvidXchange has an overall rating of 3.3 out of 5, based on over 674 reviews left anonymously by employees. 59% of employees would recommend working at AvidXchange to a friend and 53% have a positive outlook for the business.

Michael Praeger is our Co-Founder and Chief Executive Officer. Since starting AvidXchange more than 20 years ago, he has led our growth to more than 1,600 employees, 8,000+ customers and over 1.2 million suppliers nationwide.

What does AvidXchange do? AvidXchange provides accounts payable (“AP”) automation software and payment solutions for middle market businesses and their suppliers.

What's the average score on Glassdoor? The average rating for companies on Glassdoor is 3.7 stars out of 5.

We focus on creating a culture of Diversity, Inclusion & Belonging, and are proud to be a safe place where teammates can bring their whole selves to work. At AvidXchange, mindset is everything. We are Connected as People, Growth Minded, and Customer Obsessed.

Institutional Ownership and Shareholders

These institutions hold a total of 189,998,780 shares. Largest shareholders include Vanguard Group Inc, BlackRock Inc., Senvest Management, LLC, Bain Capital Venture Investors, Llc, North Reef Capital Management LP, Lone Pine Capital Llc, Lord, Abbett & Co.

Popular, top Fintech companies include AvidXchange, which is one of the industry-leading Fintech companies of 2021. AvidXchange has over two decades of history in the Fintech industry and has successfully transformed invoice and payment processes for middle-market companies.

Today we help more than 8,000 North American companies cut costs, improve visibility, and increase efficiencies. We've earned the trust of 1.2 million suppliers paid through our AvidPay Network over the last five years, processing $231 billion in spend management in 2023.

AvidXchange makes money by charging license fees for its software. Quotes are only available on request, and fee structures are not available to review.

Is AvidXchange cloud based? ›

AvidXchange is a cloud-based system, which means accounts payable professionals who use it to process their bill payments and invoices can perform an AP software download from any device with an internet connection, allowing for unrestricted access to accounts payable information for authorized individuals.

More than 8,000 businesses use our services to automate their AP processes. In 2023, AvidXchange processed $75 million in transactions for our customers. AvidXchange is publicly traded on the NASDAQ stock exchange as AVDX.

We say that companies have a positive average rating if their average rating was between 3.5 and 5.0, an intermediate average rating if it is between 2.5 and 3.4, and a negative average rating if it is between 1.0 and 2.4.

1.51 - 2.50 Employees are "Dissatisfied" 2.51 - 3.50 Employees say it's "OK" ​3.51 - 4.00 Employees are "Satisfied" ​4.01 - 5.00 Employees are "Very Satisfied"

AvidXchange can provide accounts payable software that can streamline the accounts payable process. With AvidXchange, you can automate your existing workflow using your existing tools and systems. AvidXchange can automate even complex processes. You can do this without having to change how you are currently operating.

Streamlining the process using one payment management system helps reduce the risk of lost data, miscommunication, and avoidable errors that may cost you money and damage your business reputation. AvidXchange is a top payment processing company that offers payment management services for your entire AP process.