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avidxchange

Overview

Total employees1778
Departments20
Locations5

AvidXchange, a publicly traded company (Nasdaq: AVDX), is a leading provider of cloud-based accounts payable (AP) automation software and payment solutions, primarily targeting middle-market companies across various industries including real estate, construction, financial services, and healthcare. Their SaaS platform streamlines the entire AP process, from invoice capture and approval workflows to electronic payment execution and reconciliation, enabling businesses to eliminate paper-based processes, reduce manual errors, and improve visibility into their financial operations. As a key player in the fintech sector, AvidXchange differentiates itself through its integrated payments marketplace, connecting buyers and suppliers for seamless electronic transactions and building a robust network effect.

More details about avidxchange

avidxchange's headcount breakdown by department

DepartmentHeadCount
Administrative
16
Consulting
22
Service
129
Design
10
Education
7
Finance
118
Management
19
Hr
38
Legal
10
Marketing
35
Medical
0
Operations
65
Department
258
Product
72
Management
46
Estate
2
Research
44
Sales
145
Technical
239
Trades
0
View Less

AvidXchange's department distribution paints a picture of a technology-driven company with a strong emphasis on customer success and financial stability, typical of a mature SaaS organization. The substantial Technical department (239 employees) signals a commitment to ongoing software development, platform maintenance, and innovation crucial for remaining competitive in the AP automation market. The considerable Customer Service team (129 employees) underscores the importance AvidXchange places on client onboarding, support, and relationship management, recognizing that customer satisfaction is paramount for retention and long-term growth. The healthy Finance (118 employees) and Operations (65 employees) departments reflect a dedication to sound financial management, efficient operational processes, and compliance, essential for a publicly traded fintech company. The Sales (145 employees) department demonstrates a continued focus on acquiring new customers and expanding market share, while the smaller Marketing department (35 employees) suggests a reliance on a strong product and established brand reputation. The 'Other Department' category (258 employees) is a significant portion of the workforce and warrants further investigation. While it could encompass a variety of specialized functions, it may also include outsourced operations or project-based teams. The HR (38 employees), Project Management (46 employees), and Research (44 employees) departments appear appropriately sized for a company of this scale, suggesting a balanced approach to internal operations and innovation. Overall, the workforce structure aligns with AvidXchange's strategy as a technology-first, customer-centric, and financially sound AP automation provider.

avidxchange's employees by locations

Employee Count by Country

Total: 1,275 employees

1270
United States
99.6%
2
Mexico
0.2%
1
Slovakia
0.1%
1
Canada
0.1%
1
India
0.1%

AvidXchange exhibits a strongly domestic workforce distribution, with the vast majority of its employees (1270) based in the United States. This concentration reflects the company's historical focus on the US middle market, its established infrastructure within the country, and the maturity of its US-based customer base. The small number of employees scattered across countries like Slovakia (1), Mexico (2), Canada (1), and India (1) indicates a very limited initial foray into international operations. These international employees likely serve specific functions, potentially including offshore development, customer support for specific regions, or preliminary market research for future expansion. While AvidXchange primarily serves the US market, there may be plans for measured international growth. The strategic rationale is likely centered on capitalizing on its existing market leadership and brand recognition in the US before making significant investments in new geographic regions. Given the competitive landscape in the global AP automation market, this controlled approach allows AvidXchange to focus on optimizing its US operations and product offerings while strategically evaluating opportunities for expansion into international markets when the time is right.

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avidxchange Headcount by Region & Department | Highperform AI