AvidxChange Music Factory

AvidXchange Announces Second Quarter 2023 Financial Results

Retrieved on: 
Wednesday, August 2, 2023
AvidxChange Music Factory, Performance, EBITDA, AP, GAAP, Table, Bank statement, Payment card, Video game, Bank

CHARLOTTE, N.C., Aug. 02, 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 financial results for the second quarter ended June 30, 2023.

Key Points: 
  • Second Quarter 2023 Financial Highlights:
    Total revenue was $91.2 million, an increase of 19.1% year-over-year, compared with $76.6 million in the second quarter of 2022.
  • Second Quarter 2023 Key Business Metrics and Highlights:
    Total transactions processed in the second quarter of 2023 were 18.8 million, an increase of 8.7% from 17.3 million in the second quarter of 2022.
  • Total payment volume in the second quarter of 2023 was $18.7 billion, an increase of 12.6% from $16.6 billion in the second quarter of 2022.
  • Transaction yield in the second quarter of 2023 was $4.84, an increase of 9.5% from $4.42 in the second quarter of 2022.

AvidXchange to Participate in Upcoming Investor Conferences

Retrieved on: 
Monday, July 31, 2023
Webcast, AvidxChange Music Factory, Fintech, AP, Wells Fargo, Conference, Cryptocurrency, Beauty salon

KeyBanc Technology Leadership Forum on Tuesday, August 8th, 2023.

Key Points: 
  • KeyBanc Technology Leadership Forum on Tuesday, August 8th, 2023.
  • Wells Fargo 8th Annual FinTech & Technology Services Forum on Thursday, August 10th, 2023.
  • Deutsche Bank 2023 Technology Conference on Wednesday, August 30th, 2023.
  • A live webcast of the presentation at the KeyBanc Technology Leadership Forum will be available on the Events page of the AvidXchange investor relations website at https://ir.avidxchange.com/ .

ONE-OF-A-KIND IMMERSIVE CAREER EVENT IS HEADING TO CHARLOTTE: JOB SEEKERS, YOUR TIME IS NOW

Retrieved on: 
Tuesday, July 25, 2023
AvidxChange Music Factory, Workforce, Hair, Partnership, Moody's Investors Service, CLT, Disability, Woman, Big Brothers Big Sisters, Microsoft, Chromebook, Veteran, Black, Light, Coca-Cola, Points of Light, Dress, Best Buddies International, Sun Belt, AAPI, KCI, Hire, Hearing, Lunch, LGBTQIA, Success, Nursing, Management, Nightclub, Tourism

CHARLOTTE, N.C., July 25, 2023 /PRNewswire/ -- Insight Global, a leading national staffing company dedicated to empowering people through opportunity, is inviting all local residents to attend an immersive, completely free experience on Saturday, July 29, aimed at providing personalized, one-on-one career counseling. All Charlotte job seekers who want to gain confidence and access to job resources like resume writing, interview skills and professional headshots, are encouraged to register and attend. Free childcare and lunch will also be available.

Key Points: 
  • All Charlotte job seekers who want to gain confidence and access to job resources like resume writing, interview skills and professional headshots, are encouraged to register and attend.
  • "We're committed to inspiring and empowering job seekers with the skills they need to create a brighter and better future," said Bert Bean, CEO of Insight Global.
  • It will be full of experts, technology and tools that will help job seekers as they look for jobs or think about a career.
  • AvidXchange has graciously donated the location space for the event, helping to make the event accessible for job seekers in Charlotte.

AvidXchange Announces Timing of Its Second Quarter 2023 Financial Results Conference Call and Webcast

Retrieved on: 
Monday, July 17, 2023
Webcast, AvidxChange Music Factory, AP, Cryptocurrency, Broadcasting

CHARLOTTE, N.C., July 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 second quarter 2023 ended June 30, 2023, financial results will be released on Wednesday, August 2, 2023.

Key Points: 
  • CHARLOTTE, N.C., July 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 second quarter 2023 ended June 30, 2023, financial results will be released on Wednesday, August 2, 2023.
  • AvidXchange will host a conference call at 10:00 AM ET on August 2, 2023, to discuss the company’s financial results.
  • The call will be broadcast live via webcast at https://ir.avidxchange.com/ .
  • Following the completion of the call, a recorded replay of the call will be available on the AvidXchange Investor Relations website.

5WPR Named to List of Top Financial PR Firms in the U.S. 2023 by O'Dwyer's

Retrieved on: 
Tuesday, June 27, 2023
AvidxChange Music Factory, 5WPR, Webull, API, J. R. O'Dwyer Company, Head, PR, Payoneer

For over 50 years, O'Dwyer's has been ranking PR agencies based on their fees, which are verified by reviewing PR firm income statements.

Key Points: 
  • For over 50 years, O'Dwyer's has been ranking PR agencies based on their fees, which are verified by reviewing PR firm income statements.
  • "5W's financial division possesses a unique understanding of the intricacies of the industry, facing challenges head-on and navigating new and emerging technologies to produce the best work for clients," said 5WPR Co-CEO, Matthew Caiola .
  • "We have a proven track record of ensuring the brands we work with excel within the industry, delivering results through strategic messaging and market intelligence.
  • 5WPR was also named the third-largest, privately-held public relations agency in the New York City Metro Area, as well as the 11th largest in the U.S. by O'Dwyer's.

AvidXchange Releases Annual ESG Report

Retrieved on: 
Wednesday, June 14, 2023
Corporate social responsibility, Waste management, Tree, Policy, AP, Carbon, Social Security Government Pension Offset, AvidxChange Music Factory, Water, Municipal solid waste, Ethics, ESG, Entrepreneurship, Social, DI, Management

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.

Key Points: 
  • 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.
  • “AvidXchange was founded over 20 years ago with a mission to solve complex accounts payable problems for our customers,” said Michael Praeger, Co-Founder, Chairman and Chief Executive Officer of AvidXchange.
  • From every corner of AvidXchange, our commitment to ESG is apparent in the way we solve problems, innovate and strive to be better every day.”
    Highlights from the report include:
    AvidXchange’s technology removes paper from its customers' daily work streams through the digitization of processes.
  • “AvidXchange has built an organization that is teammate-focused, environmentally conscious and operates under the highest business standards,” said Rob Phocas, Director, Corporate Social Responsibility at AvidXchange.

AvidXchange to Participate in Morgan Stanley US Financials, Payments & CRE Conference

Retrieved on: 
Friday, June 9, 2023
Morgan Stanley, Webcast, AvidxChange Music Factory, AP, Conference, Payment, Cryptocurrency, Broadcasting

CHARLOTTE, N.C., June 09, 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 Morgan Stanley US Financials, Payments & CRE Conference on Monday, June 12, 2023.

Key Points: 
  • CHARLOTTE, N.C., June 09, 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 Morgan Stanley US Financials, Payments & CRE Conference on Monday, June 12, 2023.
  • The presentation is scheduled to begin at 1:45 PM ET.
  • A live webcast of the presentation will be available on the Events page of the AvidXchange investor relations website at https://ir.avidxchange.com/ .
  • A replay of the webcast will also be available for a limited time.

AvidXchange Automates Lien Waiver Management, Improves Payment Process in Leading Purchase-to-Pay Solution TimberScan

Retrieved on: 
Thursday, June 1, 2023
Construction, AP, AvidxChange Music Factory, Paper, CRE

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.

Key Points: 
  • 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.
  • Lien Waiver Management provides more control and greater visibility over the lien waiver process than if executing related tasks manually with the ability to check status in real-time in the platform and bulk release payments based on that status.
  • “We’re excited to launch a solution that can help construction companies increase efficiency and automate manual steps in their lien waiver and payments workflows.”

CINC Leverages the Power of AvidXchange's AvidPay Network, Launches Leading and Integrated AP Solution VendorPay

Retrieved on: 
Thursday, May 11, 2023
Partnership, CINC, AP, Accounting, AvidxChange Music Factory, Risk, Community association manager, Business Line, Real estate, Online shopping

This new solution offered to CINC clients is powered by AvidXchange, a leading provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers.

Key Points: 
  • This new solution offered to CINC clients is powered by AvidXchange, a leading provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers.
  • CINC Systems launches VendorPay, the first fully integrated accounts payable solution for association management.
  • CINC clients made more than 4 million payments in the last twelve months.
  • "Many vendors want to be paid electronically," said Chris Millner, Chief Product Officer at CINC Systems.

AvidXchange to Participate in Upcoming Investor Conferences

Retrieved on: 
Tuesday, May 9, 2023
SSA Global Technologies, Event, Fintech, AP, AvidxChange Music Factory, Webcast, Global Communications Conference, Press, Conference

Barclays 2023 Emerging Payments & FinTech Forum on Thursday, May 18th, 2023, at 8:00 AM ET.

Key Points: 
  • Barclays 2023 Emerging Payments & FinTech Forum on Thursday, May 18th, 2023, at 8:00 AM ET.
  • JP Morgan 51st Annual Global Technology, Media and Communications Conference on Wednesday, May 24th, 2023, at 12:00 PM ET.
  • A live webcast of the presentation will be available on the Events page of the AvidXchange investor relations website at https://ir.avidxchange.com/ .
  • A replay of the webcast will also be available for a limited time.