AvidXchange Announces Purchase-to-Pay Integration for Sage 100

New end-to-end solution offers automated purchasing, invoice and payment capabilities

CHARLOTTE, N.C., July 13, 2022 (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 an end-to-end, purchase-to-pay (P2P) integration available for Sage 100 customers in AvidStrongroom. This new offering builds on the company’s suite of solutions integrated with Sage technology including, Sage Intacct, Sage 100 Contractor and Sage 300 CRE.

With this launch, AP professionals and business leaders can reduce time spent manually matching purchase orders (POs), invoices and receipts by automating those tasks in AvidStrongroom. Furthermore, the platform recognizes different approval workflows based on the results of the PO matching process creating opportunity for a more efficient process and less risk of error in the future. With AvidStrongroom’s 2- and 3-way PO matching feature, customers also save on costs by reducing the chance of overpaying vendors by way of human error.

“We’re thrilled to expand our integrations with Sage to serve both Sage Intacct and now Sage 100, to make our combined customers’ lives more efficient – at least at work,” said Tyler Gill, Vice President of Strategic Partnerships & Alliances at AvidXchange. “We look forward to collaborating on more opportunities to continue customer success as they navigate this new workforce era and the challenges that arise.”

“This new integration is a testament of AvidXchange’s commitment to improving our solutions to meet the unique needs of our customers,” said Dan Drees, Chief Growth Officer of AvidXchange. “With this integration, our customers will have a more streamlined AP process that allows them to save time and resources so that they can focus on driving their businesses and not manual processes.”

To learn more, visit: www.avidxchange.com/solutions/avidsuite-for-sage/.

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-based, end-to-end software and payment platform digitizes and automates the AP workflows for more than 8,000 businesses and it has made payments to more than 825,000 supplier customers of its buyers over the past five years. To learn more about how AvidXchange is transforming the way companies pay their bills, visit www.AvidXchange.com.

Forward-Looking Statements
This 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” and similar words and phrases indicating future results. The information presented in this press release related to our expectations of future performance, 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.

Olivia Sorrells

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