NEW
YORK, April 18, 2024 /PRNewswire/ -- Today's
Marketplace (TMP) is proud to announce a featured interview with
AvidXchange CEO & Co-Founder Michael
Praeger, who shares his game-changing solutions for
software-enabled payments.
The middle-market segment has unique
problems in how they approve, manage, and actually pay their
suppliers and vendors.
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
Heider College of Business is building the future of FinTech. Dean
and Professor of Business Intelligence & Analytics at
Creighton University, Anthony Hendrickson, PhD addresses the need for
finance students to stay current with evolving FinTech
advancements. "Financial fraud poses a significant
threat to middle market companies. Our new FinTech major prepares
students to become immediate contributors at firms with innovative
software like AvidXchange. Together, great software and
well-educated graduates empower businesses to implement robust
safeguards against fraudulent activities, ensuring their financial
integrity and sustained growth in an increasingly complex
marketplace."
TMP produces compelling interviews covering complex and
important topics for investor-facing distribution. "I'm
thrilled to have had the opportunity to appear on Today's
Marketplace to discuss our solutions at AvidXchange," said Praeger.
"Automating the accounts payable process is becoming increasingly
crucial for companies looking to reduce costs and drive
efficiencies, and AvidXchange is committed to powering this
transformation."
About AvidXchange®
AvidXchange is a trusted, leading
provider of accounts payable ("AP") automation software and payment
solutions for middle market businesses and their suppliers.
AvidXchange's Software-as-a-Service ("SaaS") based, end-to-end
software and payment platform digitizes and automates the AP
workflows for over 8,000 buyer customers, and it has made
payments to more than 1,200,000 supplier customers of its buyers
over the past five years. Additionally, AvidXchange, Inc. is a
licensed money transmitter for US B2B payments, licensed as a Money
Transmitter by the New York State
Department of Financial Services, as well as all other states that
require AvidXchange to have a license.
To learn more about how AvidXchange, and its publicly traded
parent AvidXchange Holdings, Inc. (Nasdaq: AVDX), are transforming
the way companies pay their bills, visit AvidXchange.com.
About Creighton University,
Heider College of Business
Creighton University is a Jesuit
University located in Omaha,
Nebraska. The Heider College of Business prides itself as one
of the most connected schools of business with real-world business
practice. It is one of only a handful of universities with a
new FinTech major, designed to allow students to become immediate
contributors in today's complex and rapidly changing business
environment. For more about Creighton
and the Heider College visit www.Creighton.edu.
About Today's Marketplace
Today's Marketplace (TMP) is a series of C-Suite interviews
filmed at the prestigious New York Stock Exchange (NYSE) and the
NASDAQ MarketSite studio for earned media and targeted
institutional and retail investor distribution. Financial news
publishers and television broadcast directors can access and
download the broadcast media assets here.
Visit TMP at todaysmarketplace.tv.
MEDIA CONTACT
Today's Marketplace
Dian Rygh, producers@cmghd.com
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SOURCE Today's Marketplace