AvidXchange

AvidXchange

  • FOUNDING YEAR: 2000
    LOCATION:
    United States
    REGION:
    NC
    Last Update:
    18 Oct, 2019

Description

FOCUS

PRODUCTS & SERVICES:
Accounts payable and on-demand invoice management solutions The services provided are electronic invoice capture,inovice approval worflow,invoice and bill payment reporting,accouning system integration,automated bill payment.
MAIN CLIENTS:
Brandywine Realty Trust, Equity Office, Susquehanna, MHP Real Estate Services, Ackerman & CO, Advance Realty, Bank Atlantic, Branch Properties LLC, Canderel, Cds Monarch, Colliers International, Community Trust Bank, Duke Realty, Humphrey Management, National Development, LBA Realty, McKenna & Company, NorthMarq & Etc..
EXISTING PARTNERSHIPS:
Banks, VARs, Consultants, CPAs, Tecchnology partners
COMMENT
Accounts Payable automation increases control and visibility into the bill payment process to reduce processing time, allow early payment discounts and eliminate late fees. Automation eliminates paper by electronically capturing invoices, using intelligent business rules to route invoices for approval and storing all information electronically providing anytime, anywhere access to invoice status and history.

PEOPLE

MEDICI analysts will analyze AvidXchange soon

TRACTION

Insufficient information for accurate analysis

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$20.02 Millions
DATE OF LAST FUNDING:
Jun 2017
FUNDING SERIES:
SERIES B
$2.02 Millions Closed: Aug 2002
SERIES E
$18 Million Closed: Nov 2016
LISTED:
NO
COMMENT:
Private Equity: $525 M(June 2017) and Convertible note: $250.4 k(July 2006)

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