AvidXchange, Inc.

In September 2023, AvidXchange surveyed 500 finance executives to learn more about their priorities for 2024. Unsurprisingly, everyone was focused on AI. The first thing we learned was that not everyone is using AI… yet. Only 4% of businesses had no plans or interest in implementing AI at all. Why? Because there are still many barriers, like: 🤔 Lack of understanding 🦺 Hesitations and concerns about regulation and safety 💰 Costs to implement the technology But, when businesses can work past those barriers, AI opens the door to so many advantages: 🔨 Tools that can be licensed for private organizations use ✔️ Easy integration with existing accounting systems ⚖️ Scalability and flexibility 👍 Support and training opportunities For a closer look at the insights they shared with us, check out our full blog post here: https://okt.to/Q7Ye8i AND if you’re interested in learning more about automating your accounts payable processes with AI solutions for finance, schedule a demo with one of our AP automation experts.

In business, burnout’s more than just a bummer. It’s costly. A Gallup report found that U.S. businesses lose $1 trillion every year due to voluntary employee turnover. That’s why promoting self-care in your workplace is crucial for success. How can you prioritize self-care among your employees? First, see how you can reduce the stress of their schedules by promoting flexible schedules, remote work, and taking personal time. Then, research how you can leverage these AI-powered automation solutions like AvidXchange to free up time by reducing job duties: -- Coding invoices -- Manually routing invoices for approval -- Filing and locating physical paperwork -- Doing a check run -- Stuffing and stamping envelopes to mail checks Finally, continue to learn more about how to avoid burnout, starting with our full blog post: https://okt.to/iuwy7a #SelfCare #AvidXchange

With the 2024 Olympic Games quickly approaching, we’ve compiled five advertising trends you should keep an eye out for this summer. 🥇 Diverse Representation: Advertisers are leaning heavily into showcasing people of all backgrounds for this year’s games. 🥇 Varied Advertisers: With more streaming options than ever, more small and local brands will be featured on screen this year. 🥇 Social Media Marketing: A recent study found found that YouTube, Instagram, and TikTok are Gen Z’s go-to sources for sports news. 🥇 Focus on Sustainability: With consumer awareness and demand for sustainability on the rise, brands are likely going to center eco-friendly messaging in their ads. 🥇 Increased Spending: Global ad spending is expected to reach its highest level ever this year, topping $1 trillion. For a deeper look at these five predictions, check out our full blog post: https://okt.to/en91ky #2024OlympicGames #AvidXchange

72% of finance departments are already using AI. So, how are they doing it? We found the 5 most common ways to benefit from using #AI in #finance are for: ⚙️ Customer service ⚙️ Fraud detection ⚙️ Risk management ⚙️ Investment management ⚙️ Automation To learn more, download our Ultimate Guide to AI in Finance: https://okt.to/iY9Fx0

Join us in wishing best of luck to Michael Kim, part of #TeamAvidXchange on the PGA TOUR, who heads into round 2 at the Rocket Mortgage Classic tied for 2nd place! 🏌️♂️⛳ Good luck, Michael!!

Congratulations to AvidXchange's very own Aliya Morris for graduating from the first class of the African American Leadership Academy of Charlotte! 🎉 "The power of the program is in how comprehensive it is. Our cohort is required to be vulnerable, acutely self-aware, accountable to each other, and aware of the local call for Black leadership in Charlotte. The shape of our outcomes are uniquely ours, yet beneficial to the companies we work in, and the communities we serve," says Aliya. We are proud to be a Founding Partner of this program and and invest in our teammates and the Charlotte community. Congrats again to Aliya and all of the fellows!👏👏👏 Learn more about the program: https://okt.to/MLfeKV

Today, we are honoring Juneteenth through the voices of our Black teammates at AvidXchange. Watch the video to learn the history of Juneteenth and what it means to the African American community and allies. #Juneteenth

"It's just not possible to hire your way out of the challenge that you have as an AP leader." - David Tareen, Senior Director of Product Marketing, AvidXchange 🎧 In a recent episode of our podcast, Net 30, David joins us to shed light on how using #AI in your #finance department can help with staff shortages. https://okt.to/yXSAFh #APAutomation

We’re proud to sponsor E2D - Eliminate the Digital Divide, who is distributing a free computer to every single graduate of Charlotte public schools who is attending a Historically Black College or University. That’s 700 students who won’t have to face the barrier of having a laptop for college. Talk about bridging the #digitaldivide! 💻

We're thrilled to announce that AvidXchange has been recognized as a Great Place to Work for the third consecutive year! 🎉🎉🎉 Huge thank you to all of our amazing teammates who help us foster a positive and supportive workplace! If you're looking to join a great team, check out our opportunities: https://lnkd.in/giwGK_Mm #GPTWcertified