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The Rate of Spending on Technology has more than Tripled in the Past Two Years, AvidXchange Research Shows

Globe Newswire - Thu Jul 14, 2022

CHARLOTTE, N.C., July 14, 2022 (GLOBE NEWSWIRE) -- AvidXchange Holdings, Inc. (Nasdaq: AVDX), a leading provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, today released the next report in its Middle Market Spending Trends series based on statistically significant data captured from the transactions processed in Q1 2021 by AvidXchange through its AvidPay Network. Additionally, to garner insights on sentiment around spending, AvidXchange surveyed ~500 middle market finance professionals to understand how they feel about their business and where, and why, they are spending in response to the current economic challenges, especially when it comes to their finance department.

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