AvidXchange Receives Tech Award for Fast Growth Large Company

RALEIGH & CHARLOTTE, N.C. -- AvidXchange, a provider of AP and payment automation solutions, received the NC Tech Award for Fast Growth Large Company at the North Carolina Technology Association’s (NCTA) gala held recently at the Raleigh Convention Center. The Fast Growth Large Company recognition requires the company to have 50, or more, North Carolina-based employees, and have experienced a substantial revenue increase and employee growth in North Carolina within the company’s most recent fiscal year. Last year AvidXchange was awarded the Top Mid-Size Company Technology Award, and this year’s recognition is an excellent bow to their continued emphasis on innovation and growth in the technology market in North Carolina.

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“2014 has been a huge year for AvidXchange – we’ve doubled in size, launched new technologies, announced our plans to hire over 600 workers by the end of 2018 and move to a new, larger campus in North Carolina,” commented Michael Praeger, CEO and Co-Founder of AvidXchange. “This recognition is another great milestone. It’s an honor to receive awards from the state where we built the company, and to be acknowledged within the technology industry as a leader from such a revered organization.”

The newly renamed NC Tech Awards continues to be the only statewide technology awards program. Each award, known as The Beacon, is a shining example of the tech sector's vibrancy. A review committee comprised of economic development, education, media, non-profit, and technology leaders across the state selected the finalists and winners for the NC Tech Awards.

About NCTA
The North Carolina Technology Association (NCTA) is the statewide membership association for the tech sector.  Because technology is integral to any enterprise regardless of size or function, NCTA membership is open to all companies, organizations and institutions.  NCTA serves organizations and their people through events, advocacy, virtual networks and resources.  For more information, visit our website: www.nctechnology.org.

About AvidXchange
AvidXchange revolutionizes the way companies pay their bills. Accounts Payable automation increases control and visibility into the bill payment process to reduce processing time, allow early payment discounts and eliminate late fees. Automation eliminates paper by electronically capturing invoices, using intelligent business rules to route invoices for approval and storing all information electronically providing anytime, anywhere access to invoice status and history. AvidXchange makes it easy to automate and backs this great customer experience with a 45-day implementation guarantee. As the first SaaS technology vendor to automate invoice processing, AvidXchange works with suppliers to electronically send and receive all invoices through the AvidBill Network. Standard integration to more than 50 accounting systems speeds adoption and simplifies setup. AvidInvoice significantly reduces operating costs and improves productivity in a company’s accounts payable department. AvidPay eliminates 100% of paper checks from company’s payment processes, maintains vendor information and payment preferences, and facilitates payments for every invoice, every vendor, and every bank. Headquartered in Charlotte North Carolina, AvidXchange is privately held with over 300 employees nationwide. Contact us at 800.560.9305/ info@AvidXchange.com