![[Toyota Times] Century as a Brand, Lexus as Innovation: All the Details on Toyota's New Project!](https://businessfortnight.com/wp-content/uploads/2025/10/Toyota-Times-Century-as-a-Brand-Lexus-as-Innovation-All-218x150.jpg "[Toyota Times] Century as a Brand, Lexus as Innovation: All the Details on Toyota's New Project!")
CHARLOTTE, N.C., Oct. 13, 2022 (GLOBE NEWSWIRE) — AvidXchange (Nasdaq: AVDX), a number one supplier of accounts payable (AP) automation software program and cost options for center market companies and their suppliers, at the moment launched the following report in its Middle Market Spending Trends sequence. This report relies on information captured from the transactions processed in Q2 2022 by means of the corporate’s AvidPay Network. Additionally, AvidXchange surveyed ~500 center market finance professionals on why and the place they’re spending in response to the present financial challenges.
Research reveals the center market took its largest leap in spending, each quarterly and year-over-year, since 2017. And regardless of normal considerations concerning the U.S. economy, 70 p.c plan to extend the corporate’s total funds over the following 12 months with investments in expertise and inside efficiencies taking high precedence.
“Our AvidPay Network spending data speaks to the resilient reputation of the middle market,” stated Dan Drees, Chief Growth Officer of AvidXchange. “While inflation and a potential recession dominate business headlines, the middle market is finding ways to sustain growth and deliver for its customers.”
To study extra and look at the report, go to: https://www.avidxchange.com/resources-home/middle-market-spending-trends/.
About AvidXchange®
AvidXchange is a number one supplier of accounts payable (“AP”) automation software program and cost options for center market companies and their suppliers. AvidXchange’s software-as-a-service-based, end-to-end software program and cost platform digitizes and automates the AP workflows for greater than 8,000 companies and it has made funds to greater than 825,000 provider prospects of its patrons over the previous 5 years.
Additionally, AvidXchange is a licensed cash transmitter for US B2B funds, licensed as a Money Transmitter by the New York State Department of Financial Services.
To study extra about how AvidXchange, and its publicly traded father or mother AvidXchange Holdings, Inc. (Nasdaq: AVDX), are remodeling the best way firms pay their payments, go to www.AvidXchange.com.
Forward-Looking Statements
This press launch could comprise “forward-looking statements” throughout the that means of the U.S. Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements usually relate to future occasions or our future monetary or working efficiency and sometimes comprise phrases comparable to: “anticipate,” “intend,” “plan,” “goal,” “seek,” “believe,” “project,” “estimate,” “expect,” “future,” “likely,” “may,” “should,” “will” and related phrases and phrases indicating future outcomes. The info offered on this press launch associated to our expectations of future efficiency, in addition to different statements that aren’t purely statements of historic truth, are forward-looking in nature. These forward-looking statements are made on the idea of administration’s present expectations, assumptions, estimates and projections and are topic to vital dangers and uncertainties that would trigger precise outcomes to vary materially from these anticipated in such forward-looking statements. We due to this fact can’t assure future outcomes, efficiency or achievements.
Factors which may trigger precise outcomes or results to vary materially from these mirrored in forward-looking statements embrace, however should not restricted to, the danger elements and different cautionary statements described, now and again, in AvidXchange’s filings with the Securities and Exchange Commission (“SEC”), together with, with out limitation, AvidXchange’s Annual Report on Form 10-Ok and different paperwork filed with the SEC, which can be obtained on the investor relations part of our web site (https://ir.avidxchange.com/) and on the SEC web site at www.sec.gov. Any forward-looking statements made by us on this press launch are primarily based solely on info presently accessible to us and converse solely as of the date they’re made, and we assume no obligation to replace any of those statements in mild of recent info, future occasions or in any other case until required below the federal securities legal guidelines.
Contact
Olivia Sorrells
[email protected]
386-848-3656
