Software vendor
AvidXchange
AvidXchange sells AP automation with AI from invoice capture to payment and AP experts who handle exceptions; its SEC registration ended in 2025.
Function
- Ownership
- Not stated
- Headquarters
- United StatesSourceAvidXchange Holdings, Inc., Form 15 (certification and notice of termination of registration), filed October 27, 2025
- SEC reporting
- NoSourceAvidXchange Holdings, Inc., Form 15 (certification and notice of termination of registration), filed October 27, 2025
- Audit firm
- No
- Website
- Subprocessor list
- Not stated
- Contract terms
- Not stated
Offering · Software
AvidXchange AP Automation with AvidXchange AI
AvidXchange says it embeds AI across the accounts payable lifecycle, from invoice capture and PO matching to approvals and payments, while keeping the customer's team in control of every decision. SourcePower Your Accounts Payable With AI (AvidXchange AI)
It states invoice extraction accuracy of 99%+ and, elsewhere on the page, 99.2%, gives no population or period, and says extracted data is validated by its expert indexing services with human oversight. SourcePower Your Accounts Payable With AI (AvidXchange AI)
AvidXchange also says its AP experts resolve exceptions that need judgment. SourcePower Your Accounts Payable With AI (AvidXchange AI)
An AI Approval Agent recommends from historical approvals, and after approval AvidXchange's AI executes virtual card payments and uses generative AI to complete phone-based payments. SourcePower Your Accounts Payable With AI (AvidXchange AI)
Where it fits
CoE analysis Payables for organizations that want software plus a service layer, where AvidXchange staff work exceptions alongside the AI.
CoE analysis The page does not say whether the accuracy figure covers the model alone or the output after human validation, so buyers should ask for both.
What it does
- Offering type
- SoftwareSourcePower Your Accounts Payable With AI (AvidXchange AI)
- Workflow areas
- Accounts payableSourcePower Your Accounts Payable With AI (AvidXchange AI)
- Customer size
- Not stated
AI
- Kind of AI
- SourcePower Your Accounts Payable With AI (AvidXchange AI)
- Built into the platform
- Agents and automated actions
- Established machine learning and rules
- Suggests or acts
- Suggests and actsSourcePower Your Accounts Payable With AI (AvidXchange AI)
- Availability
- Generally availableSourcePower Your Accounts Payable With AI (AvidXchange AI)
AvidXchange says its AI capabilities are available wherever it has an integration with the customer's ERP; no preview label on the page read.
- Models named
- Not stated
Control
- Who controls it
- SourcePower Your Accounts Payable With AI (AvidXchange AI)
- Vendor
- Customer finance team
Commercial
- Pricing model
- Not stated
- Public price
- Not stated
Evidence
- Independent outcomes
- None found in the sources read.
- Sources read
- Vendor-stated 9
- Independent market evidence None read
- Independently verified outcomes None read
- Pricing None read
- Known limitations 1
- Coverage
- Directory record
- Last verified
Security and control
- Single sign-on
- Not covered in this record
- User provisioning
- Not covered in this record
- Role-based access
- Not covered in this record
- Administrator controls for AI
- Not covered in this record
- Audit logs
- Not covered in this record
- Certifications
- Not covered in this record
- Data retention
- Not covered in this record
- Data residency
- Not covered in this record
- Training on customer data
- Not covered in this record
AI features
As the vendor or firm describes them. Notes in small print record what the sources leave open.
Invoice extraction AI with expert validation
Scans and extracts header and line-item data; extracted data is validated by AvidXchange indexing services with human oversight.
- Kind
- Established machine learning and rules, Built into the platform
- Suggests or acts
- Acts
- Who controls it
- Vendor
- Availability
- Generally available
AI Approval Agent and PO matching
Recommends approvals from historical approval data and highlights invoice-to-PO discrepancies; the team keeps final approval.
- Kind
- Agents and automated actions
- Suggests or acts
- Suggests
- Who controls it
- Customer finance team
- Availability
- Generally available
Payment execution (virtual card and generative AI phone payments)
After approval, handles virtual card execution and uses generative AI to navigate phone menus and enter information to deliver payments.
- Kind
- Agents and automated actions
- Suggests or acts
- Acts
- Who controls it
- Vendor
- Availability
- Generally available
Natural-language analytics
Lets the team ask in everyday language about the status of a payment or for insights such as its largest suppliers in a month.
- Kind
- Built into the platform
- Suggests or acts
- Suggests
- Who controls it
- Individual user
- Availability
- Generally available
Continuous fraud detection
An AI-enabled fraud platform detects anomalous behavior in real time, monitors behavior and transaction patterns and tunes fraud rules to reduce false positives.
- Kind
- Established machine learning and rules
- Suggests or acts
- Not stated
- Who controls it
- Not stated
- Availability
- Generally available
Control: Not stated. Whether the platform holds or blocks payments, or only flags them, is not stated.
SourcePower Your Accounts Payable With AI (AvidXchange AI)
Questions to ask
For this offering
- Which steps are done by AvidXchange staff rather than software, and how is that work controlled and evidenced for our audit?
- How is the 99%+ extraction accuracy measured, over what population, and how much of it depends on human indexing?
- Does our data train models used for other AvidXchange customers?
- When generative AI completes a phone payment on our behalf, what is recorded, and who is accountable if it pays the wrong amount?
- Which AI features depend on our ERP integration, and what happens to them if that integration changes?
From the diligence question set
- DQ-06 Does each feature suggest or act? Can it create, post, approve or change records, and where is that limit enforced?
- DQ-10 What data does each feature read, from which modules, documents or outside sources, and what data can it not see?
- DQ-12 Does the feature learn from our data, including corrections and overrides, and how does it detect and handle changes in our business?
- DQ-16 Is our data, including inputs, outputs, documents and corrections, used to train or improve any model, yours or a third party's? Is that off by default, and is the commitment in the contract?
- DQ-13 What does the system record for each AI output or action, and can we export and keep those records for as long as we need them?
- DQ-22 What has to be in place before each feature works as described: data history, configuration, integrations, edition and services?