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Stock impact report

AvidXchange CEO Shares His Vision for Revolutionizing Software-Enabled Payments on Today's Marketplace [Yahoo! Finance]

AvidXchange Holdings, Inc. (AVDX) 
NASDAQ:AMEX Investor Relations: ir.avantdiagnostics.com
Company Research Source: Yahoo! Finance
Did you know that late payments resulting in late fees can be particularly distressing for middle-market organizations? That is why many companies are making accounts payable (AP) automation a top priority to reduce costs and stay competitive. AvidXchange is helping transform AP into a software-enabled service to improve efficiency and bolster businesses' financial health. "We automate the accounts payable and the payment process for middle-market companies," said Praeger to Host Jane King. "We focus on the middle-market segment, which is different from small-business or enterprise, and what we find is the middle-market segment has unique problems in how they approve, manage, and actually pay their suppliers and vendors." Praeger outlines how AvidXchange's software is "…integrated to the buyers' core accounting systems to make it a seamless process for them in executing and managing all their expense transactions." Just as AvidXchange is leading the way for AP automation, the Hei Show less Read more
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