AvidXchange, a top provider of accounts payable automation solutions, has unveiled new AI features that enhance its invoice automation service. This upgrade aims to boost efficiency and decision-making for mid-Market finance teams. Key innovations include the AI Approval Agent, which predicts the likelihood of invoice approval, and the AI PO Matching Agent, which streamlines the matching of invoices with purchase orders. Additionally, the Invoice Capture feature now learns from past data to improve invoice processing. AvidXchange’s commitment to technology is reflected in a recent survey showing that 76% of finance leaders see AI’s value in enhancing their operations. For more details about these advancements, visit their website.
AvidXchange Unveils New AI Innovations for Invoice Automation
CHARLOTTE, N.C., April 02, 2025 – AvidXchange Inc. (Nasdaq: AVDX), a top provider of accounts payable automation solutions, has just launched exciting new AI agents to boost its invoice automation service. These enhancements are aimed at helping mid-Market businesses streamline their financial operations, increasing efficiency, visibility, and control.
Recently, AvidXchange released its 2025 trends report, which highlights that a significant 76% of finance departments value using AI to enhance their efficiency and decision-making capabilities. Emily Dalton, VP of Product at AvidXchange, stated, “As we celebrate 25 years of innovation, we are dedicated to leveraging technology to enhance operational efficiency and better decision-making for our clients.”
Key Features of AvidXchange’s New AI Solutions:
– AI Approval Agent: This tool analyzes historical data, helping users predict which invoices are likely to be approved. While it offers suggestions, users maintain the final say in approval decisions.
– AI PO Matching Agent: This feature simplifies the matching process between invoices and purchase orders, which is often time-consuming. It provides visual indicators that boost accuracy and confidence during approvals.
– Enhanced Invoice Capture: AvidXchange has improved its Invoice Capture capabilities, enabling teams to process invoices more quickly and efficiently. The AI learns over time, helping reduce manual intervention.
Paul Kramlick, from FirstService Residential, praised the AI-enhanced Invoice Capture, noting it has decreased invoice discrepancies by 20%, allowing his team to focus on strategic initiatives.
To discover more about AvidXchange’s innovative invoice automation solutions and AI advancements, visit their official website.
About AvidXchange:
AvidXchange specializes in accounts payable automation, especially tailored for mid-Market businesses. With over 25 years in the industry, they help streamline financial operations and have processed payments to over 1.3 million suppliers. For more information, visit AvidXchange’s website.
Media Contact:
Kevin Logan
Manager of Corporate Communications
AvidXchange
Email: pr@avidxchange.com
This news reflects how AvidXchange continues to revolutionize financial technology, making it more accessible and efficient for its clients.
What are AvidXchange’s new AI agents?
AvidXchange’s new AI agents are smart tools designed to help manage accounts. They can automate processes, making things faster and more accurate for businesses.
How do these AI agents help with accounts?
The AI agents can handle tasks like invoice processing, payment approvals, and data entry. This means less manual work for employees and quicker handling of financial tasks.
Can these AI agents improve efficiency?
Yes, the AI agents can significantly improve efficiency. By automating repetitive tasks, businesses can save time and focus on more important activities.
Are AvidXchange’s AI agents easy to use?
Absolutely! AvidXchange has made the AI agents user-friendly. Users can easily integrate them into their existing systems with little training needed.
Will the AI agents replace human jobs?
The goal of the AI agents is not to replace people but to assist them. They help with routine tasks, allowing employees to concentrate on more complex and valuable work.
