AvidXchange named a Leader in AP Automation For The Middle Market by Spend Matters

Customers rank AvidXchange as preferred vendor to pay bills more efficiently

AvidXchange, the leading provider of accounts payable (AP) and payment automation solutions for the middle market, has been named a Value Leader in Spend Matters’ Fall 2020 SolutionMap for AP Automation. In addition to being a Value Leader, AvidXchange outranked competitors in the Fall 2020 SolutionMap for both Invoice-to-Pay and AP Automation based on customer scores, receiving the highest marks in areas like quick deployment, ROI, business value and innovation.

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AvidXchange is purpose built for the middle market, offering more than 180 integrations with the most widely used accounting systems to support quick implementations so businesses can automate without disrupting operations. Backed by more than 680,000 suppliers in the AvidPay Network, AvidXchange’s cloud-based solution supports multiple electronic payment options to enable more visibility so businesses can better control cash flow. Middle market AP teams also receive support from AvidXchange’s 400-person supplier services team when they automate payments with AvidPay, alleviating the burden that comes with transitioning suppliers away from paper checks.

“Before automation, our AP and payment processes were paper-based, time consuming and required a member of our team to physically be in the office to cut checks,” said Brian Murphy, Director of JD Edwards Business Services at Island Hospitality Management. “When we implemented AvidXchange, we eliminated the use of paper checks, making it possible to make and receive payments from anywhere, anytime which has been vital during these times.”

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“Middle market businesses pay everyone from companies with a handful of employees to multi-billion dollar corporations, so they need a solution that eliminates paper invoices and checks while supporting many different types of suppliers,” said Michael Praeger, CEO of AvidXchange. “Our Value Leader position with Spend Matters is a testament to AvidXchange’s unique ability to meet that need and drive value for our middle market customers to help them operate more efficiently.”

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