AvidXchange
AvidXchange, Inc. specializes in accounts payable and payment automation software tailored for midsize businesses. Founded in 2000 and headquartered in Charlotte, North Carolina, the company offers a comprehensive suite of solutions that includes purchase order automation, invoice management, payment processing, check printing, and utility bill management. AvidXchange's technology streamlines the payment process across various sectors, including healthcare, construction, hospitality, and real estate, serving over 6,000 customers and processing more than $140 billion in transactions annually. With a workforce of approximately 1,500 employees across multiple locations in the United States, AvidXchange has established itself as a leader in the fintech space, recognized for its rapid growth and innovative solutions.
FastPay, established in 2009 and headquartered in multiple locations including Los Angeles, San Francisco, New York, Westborough, MA, and London, specializes in providing liquidity and financial workflow solutions tailored for the global media industry. The company has successfully originated over $2 billion in loans to a diverse range of clients, including publishers, networks, exchanges, demand-side platforms (DSPs), supply-side platforms (SSPs), agencies, and app developers. FastPay's platform automates the media payment process, enhancing efficiency for agencies, advertisers, and suppliers. It offers a proprietary media database, media dashboards, and accounting system integration, along with payment follow-ups and relationship management services, effectively addressing challenges related to inefficient payment processes and lengthy payment terms.
Core Associates is a computer software company that specializes in providing processing and content management software. It provides services along with quality software that is continually innovating based on the evolving demands of the market. The company was founded in 2008 and headquartered in Jupiter, Florida.
BankTEL Systems is the industry leading compliant financial accounting software solution. They help financial institutions cut costs, increase deposits, and automate their internal processes. With over 20 years serving financial institutions, BankTEL Systems, is the premier provider of financial accounting software solutions. With more than 1,500 clients in all 50 states and multiple international locations, BankTEL has a number of offerings to help financial institutions cut costs, increase deposits and automate their internal processes.
Ariett Business Solutions, Inc. specializes in providing cloud-based and on-premise enterprise software for procurement and expense management. Its solutions automate business processes, enabling mid-market and enterprise customers to efficiently manage employee expenses and purchasing policies. The software suite includes tools for accounts payable automation, purchase requisition management, travel and expense reporting, budgeting, and document management, all accessible via web-enabled mobile devices. Ariett's platform is designed to enhance user experience and streamline operations, offering features that promote cost savings, visibility into spending, and compliance through audit trails. The company serves a diverse range of industries, including healthcare, education, non-profit, financial services, and manufacturing, with a customer base of over 2,200 organizations across the United States, Canada, and internationally. Founded in 1990 and based in Pembroke, Massachusetts, Ariett operates as a subsidiary of AvidXchange, Inc.
Strongroom Solutions, Inc. specializes in providing Software-as-a-Service accounts payable software solutions tailored for small and midsize businesses across the United States. Founded in 2003 and headquartered in Houston, Texas, the company offers products such as Strongroom Payables Lockbox, which encompasses features like invoice processing, approval automation, payment disbursement, system integration, and reporting. Its solutions cater to a diverse range of industries, including accounting firms, medical practices, dental offices, insurance companies, commercial property management, restaurants, non-profits, and financial institutions. Strongroom Solutions distributes its products through financial institutions, anticipating that banks will increasingly incorporate accounts payable offerings into their treasury management services. As of June 2015, Strongroom Solutions operates as a subsidiary of AvidXchange, Inc.
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