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Avidxchange Holdings Inc   (NASDAQ: AVDX)
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    Sector  Technology    Industry Software & Programming
   Industry Software & Programming
   Sector  Technology

Avidxchange Holdings Inc 's

Competitiveness



 
 

AVDX Sales vs. its Competitors Q1 2025



Comparing the current results to its competitors, Avidxchange Holdings Inc reported Revenue increase in the 1 quarter 2025 by 2.22 % year on year.
The revenue growth was below Avidxchange Holdings Inc 's competitors' average revenue growth of 13.84 %, achieved in the same quarter.

List of AVDX Competitors





Revenue Growth Comparisons




Net Income Comparison


Avidxchange Holdings Inc , despite income growth by most of its competitors recorded a net loss, despite income increase by most of its competitors of 17.84 %

<<  AVDX Stock Performance Comparisons


Avidxchange Holdings Inc 's Comment on Competition and Industry Peers


We believe the overall market for AP software and payments solutions is highly fragmented, competitive and evolving and is marked by rapid change and consolidation due to technological innovations and continued adoption by businesses. Although we expect businesses to continue to adopt AP and payment automation solutions, we often find that we are selling our products and services to potential customers that have use a variety of separate solutions or internally developed policies and procedures, and we must be able to convince internal stakeholders that our products and solutions are superior to their existing processes or third-party solutions.
Our current competitors range from fintech companies, such as Bill.com and Coupa Software, and financial institutions to smaller, niche providers of software and services, as well as point solutions provided by ERP vendors. We compete with companies that offer comprehensive solutions focused on the entire AP and payment processes and companies that focus only on select portions of these processes such as invoice and bill presentment, document and workflow management, AP and payment processing or accounts receivable. Solutions are also often specifically tailored to industry vertical or customer size making it difficult to expand into new verticals or attract larger or smaller customer types.
Accounting and ERP software providers, financial institutions, payment processing, and other service providers, a number of which we partner with in offering our solutions, may currently offer or develop solutions, acquire third-party solutions or competitors, or enter into strategic relationships that would enable them to expand their solutions to compete more effectively with our products and services. These parties may have access to larger, installed customer bases and may be able to effectively bundle and cross sell competitive solutions with their other services, which may enable them to compete more effectively or provide them with greater pricing and operating flexibility.
Companies that currently focus on providing solutions to enterprise businesses or SMBs may seek to expand the offering of their solutions to midmarket customers which would be more directly competitive with the products and services that we offer. New entrants not currently considered to be competitors may also enter the market through acquisitions, partnerships, or strategic relationships.



  

Overall company Market Share Q1 2025

Overall company revenue, grew with moderate pace of 2.22 % slower than competitors within this segment.
<<  More on AVDX Market Share.
 
*Market share is calculated based on total revenue.

  News about Avidxchange Holdings Inc Contracts

AvidXchanges AI Innovations Power Efficiency Amid Challenging Market Dynamics,

April 2, 2025
AvidXchange s AI Innovations: Transforming AP Processes Amidst Competitive PressureIn the fast-evolving landscape of financial technology, AvidXchange Holdings Inc. is making waves with its recent advancements in artificial intelligence aimed at elevating accounts payable (AP) processes. Despite facing competitive pressure, the company s strategic investments in AI are designed not only to boost efficiency and reduce manual work but also to enhance invoice capture, purchase order (PO) matching, and approval workflows. Unveiling AI AgentsAvidXchange s newest AI agents come as a timely intervention into the world of AP automation. These agents promise to streamline cumbersome tasks that traditionally require ...

Driving Social Good: AvidXchange's Strategic Partnership with MIP Fund Accounting Redefines AP Automation for Nonprofits

May 23, 2024
Revolutionizing Nonprofit Financial Operations: AvidXchange s Bold Partnership with MIP Fund Accounting by Community Brands CHARLOTTE, N.C., May 23, 2024 AvidXchange (NASDAQ: AVDX), an industry leader in the accounts payable (AP) automation and payment solutions for middle market businesses and their suppliers, has taken a transformative step forward with a strategic partnership with MIP Fund Accounting by Community Brands (MIP). This collaboration is set to redefine the invoice-to-pay landscape for over 6,000 nonprofit and government organizations across the United States, leveraging the strengths of both companies to create a seamless AP automation experience tailored for social good entities. A Groun...

Automating Hotel Accounting: CoreSelect Live, AvidXchange, and M3 Partnership Leads the Way

November 29, 2023
Pay Integration for CoreSelect Live, AvidXchange, and M3 Partnership Revolutionizes Hotel Accounting with Fully Automated Financial Management Solution
Industry leaders collaborate on exclusive payment embedded automation integration for CoreSelect and Comparing the current results to its competitors, Avidxchange Holdings Inc reported a revenue increase in the 3rd quarter of 2023 by 19.74% year on year, while most of its competitors have experienced a contraction in revenues by -0.15%.
In an era where technology is rapidly transforming industries, a groundbreaking partnership between CoreSelect Live, AvidXchange, and M3 has emerged to revolutionize hotel accounting through a fully automated financial...





Publicly Traded Peers of Avidxchange Holdings Inc




Deluxe Corporation
Share Performance



+14.51%
30 Days



Deluxe Corporation
Profile

Deluxe Corporation operates as a trusted provider of various business services and products, primarily focusing on check printing and related financial services catering to small businesses, financial institutions, and individual consumers. They aim to enhance the growth and success of their clients by offering customized solutions and innovative tools for marketing, payments, and other essential business operations.

More about Deluxe Corporation's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 763.482 mill. $ 2,123.277 mill. $ 56.163 mill.


Intuit Inc
Share Performance



+25.89%
This Quarter



Intuit Inc
Profile

Intuit Inc. operates on a subscription-based business model, generating revenue through licenses and subscriptions for its financial management and tax preparation software, including QuickBooks Online. The company focuses on providing accounting solutions and online services tailored for small businesses.

More about Intuit Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 210,907.800 mill. $ 18,184.000 mill. $ 3,468.000 mill.




Sources: Avidxchange Holdings Inc and all companies mentioned above in this report


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