Yahoo Finance

CHARLOTTE, N.C., April 02, 2025 (GLOBE NEWSWIRE) -- AvidXchange Inc. (Nasdaq: AVDX), a leading provider in accounts payable (AP) automation, offering intelligent AP software and payment solutions specifically designed for mid-market businesses and their suppliers, today announced the launch of several new AI agents and enhancements within its invoice automation solution. These advancements reinforce AvidXchange’s ongoing commitment to delivering solutions that improve efficiency, visibility, and control for finance professionals.

As part of AvidXchange’s 2025 trends report, which surveyed 500 mid-market finance leaders, it was reported that 76% of finance departments recognize the value of using AI within their finance department to improve efficiency and decision-making.

"As we celebrate 25 years of innovation in AP automation, we remain committed to pushing the boundaries of technology to help businesses improve operational efficiency and make more informed decisions,” said Emily Dalton, VP of Product at AvidXchange. “These AI-driven features reflect our dedication to providing solutions across the purchase-to-pay experience that drive tangible impact for our customers."

• AI Approval Agent: The new AI Approval Agent helps customers quickly assess how likely an invoice is to be approved by analyzing patterns from past decisions. Using historical data, such as invoice amounts and supplier details, the AI agent provides real-time insights to approvers throughout the AP workflow. While the AI agent delivers intelligent suggestions and transparency into how each recommendation was made, customers remain in full control of final approval decisions—ensuring human oversight remains part of the process.
  
  

• AI PO Matching Agent: AvidXchange’s AI PO Matching Agent automates one of the most time-consuming steps in the AP process: matching line-item details from invoices to purchase orders. It accelerates approvals by automatically matching line-item details between the PO and invoice while also improving accuracy. Visual indicators provide insight into where the AI agent is assisting which supports confident decision making while keeping customers in control.
  
  

• Invoice Capture Enhancements: AvidXchange has expanded the AI capabilities within its Invoice Capture feature which makes it even easier for teams to move invoices through the approval process. These additional AI capabilities continuously learn the unique patterns of the data across invoices, delivering approval-ready invoices that reduce the need for manual touchpoints. As the feature learns, it will apply those insights to future invoices, helping teams work more efficiently with every transaction.