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AvidXchange Claimed Company
In 2000, we set out from Charlotte, North Carolina with a simple mission in mind: transform the way companies pay their bills and free up their accounts payable (AP) from all that paperwork. We’ve grown quite a bit since then, continuously expanding our team, our footprint and our capabilities to become industry leaders in AP automation. We've become one of the fastest-growing technology companies in the US - with five offices and more than 1,500 teammates. read more
AvidXchange Company Culture
AvidXchange Culture
This score is derived from employee ratings & reviews4.1/5
AvidXchange's Overall Culture is rated B
Top Rated Culture Dimensions
Professional Development
A+Perks & Benefits
ACEO Rating
A-Compensation
B+Environment
B+AvidXchange CEO
Top 15%Top 15% of Similar Size Companies on Comparably
Michael Praeger
76 /100
See More
Diversity at AvidXchange
Bottom 40%Bottom 40% of Similar Size Companies on Comparably
C
Diverse employees at AvidXchange have rated Happiness, Environment, and Leadership as the highest categories they have scored
Women at AvidXchange
Top 50%Top 50% of Similar Size Companies on Comparably
C+
Women at AvidXchange have rated Compensation, Professional Development, and Happiness as the highest categories they have scored
AvidXchange eNPS
Net Promoter Score tracks your employees' overall score to this question: "On a scale from 0-10, how likely are you to recommend working at your company to a friend?"Top 40%Top 40% of Similar Size Companies on Comparably
Recommend to a Friend?
7
AvidXchange employees are 7% more likely to recommend AvidXchange as a great place to work
| 38% | Promoters |
|---|---|
| 31% | Passives |
| 31% | Detractors |
Working at AvidXchange
Working at AvidXchange is rated highly by 44 employees, across various culture dimensions. AvidXchange employees are most satisfied about Professional Development, Perks And Benefits, and CEO Rating categories, putting AvidXchange’s culture in the Top 25% compared to similar sized companies on Comparably and in the Top 20% compared to other companies in Hickory, NC. See below in detail how working at AvidXchange was rated by employees.
Overall Company Culture at AvidXchange
B
Overall Company Culture at AvidXchange is rated B
Last updated 20 days ago
Top
25%
AvidXchange ranks in the Top 25% of other companies on Comparably with 1,001-5,000 Employees for Overall Company Culture Score
AvidXchange Employee Reviews
Out of 41 AvidXchange employee reviews, 91% were positive. The remaining 9% were constructive reviews with the goal of helping AvidXchange improve their work culture.
| Positive Reviews | 91% |
|---|---|
| Constructive Feedback | 9% |
Positive Reviews From AvidXchange Employees
- What is the best part about your compensation package?Pto is good, easy to request pto
- What is most positive about the culture and environment at your company?I love the people - we're all highly driven and motivated but there is a great comradery within the team.
- What are some of the best things about your team?Everyone is always willing to jump in and help. You never hear people say "that's not my job". If there's an issue you're struggling with, the team bands together to support you and resolve it.
Constructive Feedback From AvidXchange Employees
- What does the leadership team need to get better at?The leadership team worries too much about being "cool" and "fun" and not enough about how well everyone is performing. I don't want to hear bad jokes about sports, I want to hear about my job. They also need to learn when a meeting should be a meeting and when it should be an email.
- Why do you feel undervalued and what would make you feel better about your compensation?Our health insurance is pretty bare bones
- What do your coworkers need to improve and how could you work together better?People need to be held accountable for their performance.
AvidXchange Company Information
AvidXchange Company Overview
In 2000, we set out from Charlotte, North Carolina with a simple mission in mind: transform the way companies pay their bills and free up their accounts payable (AP) from all that paperwork. We’ve grown quite a bit since then, continuously expanding our team, our footprint and our capabilities to become industry leaders in AP automation. We've become one of the fastest-growing technology companies in the US - with five offices and more than 1,500 teammates.
AvidXchange was founded in 2000 and its current CEO is Michael Praeger. Since its inception 26 years ago, AvidXchange has grown to 1600 employees.
AvidXchange Mission, Vision & Values
AvidXchange Mission & Values
- Be Passionate About Customer Success
- Win As A Team
- Innovate To Change The Game
- Invest And Spend Wisely
- Play To Our Strengths
- Have A Blast!
Sustainability and Corporate Social Responsibility at AvidXchange
THE AVIDXCHANGE FOUNDATION
In 2005, we formed the AvidXchange Foundation to help elementary school children impacted by hurricane Katrina. From then on, the AvidXchange Foundation has been dedicated to making a difference in the lives of children and young adults where we work and live.
As a technology company, we focus heavily on empowering future generations to take advantage of today’s digital economy, which will be even more critical tomorrow. Across all our locations, we work with local community partners to provide career skills programming and STEAM (science, technology, engineering, arts, mathematics) curriculum to students of all ages.
But we don’t limit our efforts or those of our teammates to a singular mission. Corporate giving of all kinds is a part of AvidXchange’s DNA, and we enable employees who are passionate about giving back to the community – however is most meaningful to them – with paid volunteer time off.
Because engaging with our communities and striving to improve the quality of life for our teammates and neighbors is more than an opportunity – it’s our responsibility.
TECH RISING
In Charlotte, NC, where AvidXchange is headquartered, our signature program is Tech Rising. Tech Rising is a key initiative of the AvidXchange Foundation.
Without the proper equipment, access or understanding, so many people are unable to take advantage of the opportunities – or even meet the mandates – of today’s technology-based society.
Tech Rising brings together corporate partners and community organizations across the Queen City to help bridge the digital divide and create economic mobility opportunities for children and young adults.
Over the next three years, Tech Rising will help bridge the digital divide by:
- Providing refurbished laptops and sustained internet access to 5,000 Title I students.
- Providing STEAM curriculum for 16,000 students in Title I middle schools.
- Providing career skills training for 8,000 students in Title I high schools.
To learn more about the AvidXchange Foundation or Tech Rising, check out our site: https://www.avidxchange.com/about/avidxchange-foundation/
| Headquarter | 1200 AvidXChange Ln Charlotte, NC 28206 United States of America |
|---|---|
| Website | www.avidxchange.com |
| Founding Date | 2000 |
| Tel | (800) 560-9305 |
| Company Status | Private |
| Jobs | www.avidxchange.com/about/careers/ |
| Social Sites |
AvidXchange Competitors
AvidXchange competitors include Fundbox, Recurly, PayStand, and WEX. AvidXchange ranks 2nd in Overall Culture Score on Comparably vs its competitors. See below how AvidXchange compares to its competitors with CEO Rankings, Product & Services, NPS, Pricing, Customer Services, Overall Culture Score, eNPS, Gender and Diversity Scores.
A typical Monday at Charlotte HQ - teammates joining for our weekly company-wide meeting, streamed to our other office locations & remote teammates
Andre hosting our video game-inspired Town Hall
Our Salt Lake City location is our 2nd largest office
Celebrating AvidXchange's 20th Anniversary in January 2020
Surprise pop-up treat for teammates
AvidXchange Cornhole Tournament
AvidXchange Headquarters in Charlotte, NC
AvidXchange Employees
AvidXchange has 1600 employees. 44 employees at AvidXchange have reviewed AvidXchange across various culture dimensions, providing their opinions on items ranging from executive ratings to the pace at work. The latest review was 20 days ago.
Overall, the 44 AvidXchange employees give their leadership a grade of B, or Top 30% of similar size companies on Comparably. This includes specific ratings of their executive team, CEO, and manager.
Employees at AvidXchange are pleased with their total compensation at AvidXchange, which includes a combination of pay, stock and equity, and benefits.
Overall, employees at AvidXchange are generally satisfied with their team. 44 Participants grade the quality of their coworkers a C+. The majority believe the meetings at AvidXchange are effective, and the majority look forward to interacting with their coworkers.
The majority of employees at AvidXchange believe the environment at AvidXchange is positive. Most Participants believe the pace of work at AvidXchange is comfortably fast. About 66% of the employees at AvidXchange work 8 hours or less, while 6% of them have an extremely long day - longer than twelve hours.
Overall, the employees at AvidXchange are generally happy, based on their aggregated ratings of future outlook, customer perception, and their excitement going to work.
Joining AvidXchange - Employee Onboarding
The prevailing opinion from employees about joining AvidXchange is that the company was very prepared on their first day. AvidXchange employees concluded that their overall onboarding experience was positive. 100% said their direct manager was helpful with their acclimation during the first 90 days. First impressions are important, and how prepared a company is on your first day leaves a lasting impression.
AvidXchange KPIs and OKRs
At AvidXchange 100% of employees think their department KPIs and OKRs are clear. Employees’ understanding of AvidXchange's KPIs and OKRs is essential for its success. Out of 3 AvidXchange employees who’ve answered, “Are your company’s goals clear and are you invested in them?” 2 have said yes.
Are your company's goals clear, and are you invested in them?
Are the KPIs/OKRs for your department clear?
AvidXchange CEO & Leadership
AvidXchange CEO - Michael Praeger
76 /100
AvidXchange’s CEO Michael Praeger started in this role in 2000. Michael’s approval rate is in the Top 15% of all CEOs of similar-sized companies on Comparably, and in the Top 10% compared to the CEOs of all other companies in Hickory, NC. AvidXchange’s CEO is highly regarded especially by employees with Over 10 Years experience, Caucasian employees, and Male employees. However, Female employees and employees in the HR department have a less favorable view of the CEO and believe there is room for improvement. Compared to AvidXchange’s competitors, Michael Praeger ranks right above PayStand CEO Jeremy Almond. Under Praeger’s leadership, AvidXchange employee respondents are most happy about their Professional Development and the company’s Perks And Benefits. Office Culture and Meetings are two areas, according to respondents, where AvidXchange could stand to see real improvement.
AvidXchange Leadership
The AvidXchange Executive Team is rated a “B” and led by CEO Michael Praeger, Chief People Officer Todd Cunningham, and Chief Growth Officer Dan Drees
Michael Praeger CEO / President
Michael Praeger serves as the CEO / President of AvidXchange.
Todd Cunningham Chief People Officer
Todd Cunningham serves as the Chief People Officer of AvidXchange.
Dan Drees Chief Growth Officer
Dan Drees serves as the Chief Growth Officer of AvidXchange.
Angelic Gibson Chief Information Officer
Angelic Gibson serves as the Chief Information Officer of AvidXchange.
Joel Wilhite Chief Financial Officer
Joel Wilhite serves as the Chief Financial Officer of AvidXchange.
Joe Fox Chief Product Officer
Joe Fox serves as the Chief Product Officer of AvidXchange.
Chris Tinsley Chief Technology Officer
Chris Tinsley serves as the Chief Technology Officer of AvidXchange.
Christina Quaine Chief Information Security Officer
Christina Quaine serves as the Chief Information Security Officer of AvidXchange.
AvidXchange Salaries
How much does AvidXchange pay?
How much do people at AvidXchange get paid? See the latest salaries by department and job title. The average estimated annual salary, including base and bonus, at AvidXchange is $120,177, or $57 per hour, while the estimated median salary is $119,297, or $57 per hour.
At AvidXchange, the highest paid job is a Director of Sales at $203,605 annually and the lowest is a Bookkeeper at $45,588 annually. Average AvidXchange salaries by department include: Product at $150,673, Finance at $110,779, Business Development at $146,634, and Legal at $149,530. Half of AvidXchange salaries are above $119,297.
21 employees at AvidXchange rank their Compensation in the Top 20% of similar sized companies in the US (based on 68 ratings) while 21 employees at AvidXchange rank their Perks And Benefits in the Top 10% of similar sized companies in the US (based on 23 ratings).
Salaries contributed from AvidXchange employees include job titles like Desktop Support and Sales Manager. Comparably data has a total of 1 salary records from AvidXchange employees.
Last updated months ago.
| Summary | Salary Range | Percentile |
|---|---|---|
1st Percentile $69k | $69k | 1st Percentile |
17th Percentile $93k | $93k | 17th Percentile |
33rd Percentile $119k | $119k | 33rd Percentile |
50th Percentile $166k | $166k | 50th Percentile |
67th Percentile $222k | $222k | 67th Percentile |
83rd Percentile $238k | $238k | 83rd Percentile |
100th Percentile $280k | $280k | 100th Percentile |
$120,177*
Average Compensation
$119,297*
Median Compensation
* Estimated salaries Estimated salaries are based on data provided anonymously by employees and/or estimated by other statistical methods.
AvidXchange Salaries by City
AvidXchange Salaries by Department
Diversity & Inclusion at AvidXchange
Diverse employees at AvidXchange score the company 64/100 across various culture categories, placing AvidXchange in the Bottom 40% of companies on Comparably with 1,001-5,000 Employees for Comparably's diversity score. The Diversity score provides insights into how diverse employees feel and rate their work experience at AvidXchange across various culture dimensions.
We're more than just a technology company, we're a people company. We believe the way we impact our teams, customers, partners and community is at the core of who we are and who we strive to be. We encourage teammates to be actively engaged in our diversity, inclusion and belonging (DI&B) journey, because we don’t see it as a responsibility of one, but the duty of us all. Our DI&B efforts include:,,- RealXchanges: teammates tackle tough topics such as antiracism and bias in these monthly 90-minute sessions,,- Meetup Groups: AvidXchange’s employee resource groups host companywide events, support recruiting efforts, volunteer in local communities, and provide teammate support. AvidXchange currently has six teammate led meetups: BLAC -Black Leadership Alliance Council, DCI – Disabilities and Chronic Illness, LGBTQ , Parents and Caregivers, Veterans, and Women at AvidXchange,,- Tech Rising: AvidXchange seeks to bridge the digital divide in communities where AvidXers live and work,,- Talent Development and Recruitment: AvidXchange invests in our teammates' development, requires diverse hiring panels for leaders and provides opportunities in technology through workforce development partnerships
Ranked Culture the Highest
Ranked Culture the Lowest
AvidXchange Perks & Benefits
Health & Wellness
- Dental Insurance
- Vision Insurance
- Health Insurance
- Life Insurance
- Gym Membership / Reimbursement
Paid Time Off
- PTO / Vacation Policy
- Paid Holidays
- Maternity / Paternity Leave
Financial Benefits
- 401K / Retirement Plan
- Tuition Reimbursement
- Employee Stock Purchase Plan
Office Perks
- Company Social Outings
- Legal Assistance
- Work From Home Policy
- Unique Office Space
AvidXchange PTO
AvidXchange's PTO and Vacation policy typically gives 15-20 days off a year. Paid Time Off is AvidXchange's most important benefit besides Healthcare when ranked by employees, with 100% of employees saying it is the most important benefit. AvidXchange's benefits and PTO Package averages to represent a $1500 - $2500 cash value per month.
Other than healthcare, which of the following benefits is most important to you?
Does your boss expect you to work when you're on vacation?
What do you estimate the cash value of your benefits to be? Healthcare, PTO, etc?
AvidXchange Careers
AvidXchange Jobs
No Recent Jobs found for AvidXchange on Comparably
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H1B Visa
In 2019, AvidXchange applied for 15 H1B visas. Of the work permits applied for, 93% were approved.
Work Permit Application Outcome
AvidXchange has a total of 1600 employees
15
Total Applied
H1B Applications Outcome
- 93% Granted (14 out of 15)
- 0% Denied ( out of 15)
- 0% Withdrawn Application was withdrawn by the employer before approval/rejection ( out of 15)
- 7% Certified-Withdrawn Application was approved but later withdrawn by employer (1 out of 15)
This data was calculated using publicly sourced data from OFLC Performance Data
Let AvidXchange Know You Want To Work There
Overview of Candidates Interested in AvidXchange on Comparably
Candidates By Department
Engineering | 29% | |
|---|---|---|
IT | 29% | |
Business Development | 14% | |
Product | 14% | |
All Industries | 14% |
Candidates By Location
Charlotte | 86% | |
|---|---|---|
New York City | 14% |
Frequently Asked Questions regarding AvidXchange
What is AvidXchange address?
AvidXchange location is at 1200 AvidXChange Ln
Who is the CEO of AvidXchange?
AvidXchange CEO is Michael Praeger, their score by employees is 76
What are the salaries in AvidXchange
The average salary for employees in AvidXchange is 120177$
What is AvidXchange eNPS?
The eNPS for AvidXchange is 7
What is the salary for IT Support Engineer in AvidXchange?
IT Support Engineer average salary in the US is 83k
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