AvidXchange Holdings, Inc. (AVDX)

12.12 +0.06 (+0.50%) At close: 04:00PM EDT

AvidXchange Holdings, Inc.

1210 AvidXchange Lane
Charlotte, NC 28206
United States
800 560 9305
https://www.avidxchange.com

Sector(s): Technology
Industry: Software - Infrastructure
Full-time employees: 1,600

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Michael Praeger	Co-Founder, Chairman & CEO	1.12M	269.68k	1965
Mr. Daniel Drees	President	974.92k	N/A	1969
Mr. Joel Wilhite	Senior VP & CFO	821.11k	174.17k	1970
Ms. Angelic Gibson	Chief Information Officer & Senior VP	680.88k	N/A	1977
Mr. Ryan Stahl	Senior VP, General Counsel & Secretary	628.68k	N/A	1975
Mr. Chris Tinsley	Co-Founder & Senior Technology Advisor	N/A	N/A	N/A
Mr. John Feldman	Chief Operating Officer	N/A	N/A	N/A
Subhaash Kumar	Head of Investor Relations	N/A	N/A	N/A
Mr. Al McMillian Jr.	Vice President of Compliance	N/A	N/A	N/A
Ms. Jess Antle	Vice President of Brand Marketing & Communications	N/A	N/A	N/A

Amounts are as of 31 December 2023, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

AvidXchange Holdings, Inc. provides accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers in North America. The company offers AP automation software, a SaaS-based solution that automates and digitizes capture, review, approval, and payment of invoices for buyers; the AvidPay network that connects two-sided payments with buyers and suppliers; and the AvidXchange Supplier Hub, which provides supplier insights to cash flow, tools for in-network invoices and payments, and early payment feature. Its platform offers electronic invoice capture, workflow routing, and automated payments solutions. The company serves real estate, community association management, construction, financial services, healthcare facilities, social services, education, hospitality, and media sectors through direct salesforces; strategic channel partnerships; and software and technology business partners. AvidXchange Holdings, Inc. was incorporated in 2000 and is headquartered in Charlotte, North Carolina.

Corporate governance

AvidXchange Holdings, Inc.’s ISS governance QualityScore as of 1 May 2024 is 9. The pillar scores are Audit: 7; Board: 8; Shareholder rights: 8; Compensation: 10.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.