Source: Marketscreener

AvidXchange: AvidXchange Inc. Unveils New AI Agents to Elevate Accounts Payable Processes

AvidXchange Inc. 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. 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. AvidXchange Inc. 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. 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.

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Annual Revenue
$100-500M
Employees
1.0-5.0K
Michael Praeger's photo - Co-Founder & CEO of AvidXchange

Co-Founder & CEO

Michael Praeger

CEO Approval Rating

57/100

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