AvidXchange Announces Partnership with AppFolio to Enhance AP Automation Benefits for its 19,000 Real Estate Customers
08 Novembro 2023 - 11:00AM
AvidXchange, a leading provider of accounts payable (AP) automation
software and payment solutions for middle market businesses and
their suppliers, today announced its partnership with AppFolio, the
technology leader powering the future of the real estate industry.
This partnership will provide customers in the real estate industry
with a simple, streamlined workflow for automated invoice
processing, approvals, and payments.
AppFolio’s integration with AvidXchange will ensure that invoice
details and transactions are all easily recorded in the accounting
system of record (AppFolio) and that payment transaction data
seamlessly passes to the AvidXchange payment solution for ease in
automated payments. Additionally, invoice details, including
invoice images, will be easily searchable in AppFolio, reducing the
need to manage critical transaction records across two systems.
“Given our 20+ year heritage in the real estate vertical, and
not to mention our ability to go deep in the customer base of these
partnerships, the AppFolio partnership underscores just how large
and underpenetrated we believe the runway of opportunity still
remains in just the real estate vertical,” said Michael Praeger,
Chairman, Chief Executive Officer, and Co-Founder of
AvidXchange.
"AppFolio is a top provider of solutions for the real estate
industry, and we are confident that pairing AvidXchange’s
best-in-class invoice automation and payment solution with their
leading technology will benefit customers seeking to enhance their
AP process,” added Dan Drees, President of AvidXchange. “The
AppFolio partnership underscores how much opportunity for growth we
believe remains for the real estate vertical and we look forward to
continuing to arm our customers with solutions that significantly
improve their workflows.”
AvidXchange’s integration with AppFolio highlights the company’s
commitment to forging application programming interface (API)
partnerships and deep accounting integrations with leading
enterprise resource planning (ERP) systems within existing and new
target verticals. This partnership, planned to go live in 2024,
also marks AvidXchange as the first AP partner in the AppFolio
Stack™ Marketplace, one of the fastest growing partner ecosystems
offering everything from seamless software integrations to
dedicated accounting and consulting services that help property
managers streamline operations and scale their business.
To learn more, visit:
https://www.avidxchange.com/integrations/appfolio/
About AvidXchange®AvidXchange
is a 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 8,800 businesses and we have made
payments to 965,000 supplier customers of our 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 www.AvidXchange.com.
Forward-Looking StatementsThis
press release may contain “forward-looking statements” within the
meaning of the U.S. Private Securities Litigation Reform Act of
1995. In this context, forward-looking statements generally relate
to future events or our future financial or operating performance
and often contain words such as: “anticipate,” “intend,” “plan,”
“goal,” “seek,” “believe,” “project,” “estimate,” “expect,”
“future,” “likely,” “may,” “should,” “will,” “significantly
improve,” “opportunity,” and similar words and phrases indicating
future results. The information presented in this press release
related to expectations of future performance, opportunities for
future growth, as well as other statements that are not purely
statements of historical fact, are forward-looking in nature. These
forward-looking statements are made on the basis of management’s
current expectations, assumptions, estimates and projections and
are subject to significant risks and uncertainties that could cause
actual results to differ materially from those anticipated in such
forward-looking statements. We therefore cannot guarantee future
results, performance or achievements. Factors which could cause
actual results or effects to differ materially from those reflected
in forward-looking statements include, but are not limited to, the
risk factors and other cautionary statements described, from time
to time, in AvidXchange’s filings with the Securities and Exchange
Commission (“SEC”), including, without limitation, AvidXchange’s
Annual Report on Form 10-K and other documents filed with the SEC,
which may be obtained on the investor relations section of our
website (https://ir.avidxchange.com/) and on the SEC website at
www.sec.gov. Any forward-looking statements made by us in this
press release are based only on information currently available to
us and speak only as of the date they are made, and we assume no
obligation to update any of these statements in light of new
information, future events or otherwise unless required under the
federal securities laws.
Media Relations Contact Olivia Sorrells
osorrells@avidxchange.com 386-848-3656
Investor Relations Contact Subhaash Kumar
skumar1@avidxchange.com 813-760-2309
AvidXchange (NASDAQ:AVDX)
Gráfico Histórico do Ativo
De Mar 2024 até Abr 2024
AvidXchange (NASDAQ:AVDX)
Gráfico Histórico do Ativo
De Abr 2023 até Abr 2024