ATLANTA--(BUSINESS WIRE)--Repay Holdings Corporation (NASDAQ: RPAY) ("REPAY†), a leading provider of vertically-integrated payment solutions, today announced a new integration with Yooz, the leading provider of financial automation solutions empowering Lean Financial Operationsâ"¢. This collaboration further emphasizes REPAY's commitment to enabling organizations to reduce accounting errors and the risk of delinquent or inaccurate payments while creating more trusting and meaningful relationships. ...

Core Insights - Quadient has been recognized as a Technology Leader in the SPARK Matrix™: Accounts Payable Automation, 2025 report for the third consecutive year, highlighting its strong position in the accounts payable automation market [1][2]. Company Performance - Quadient achieved a top five ranking in the SPARK Matrix for accounts payable automation, showcasing its ability to transform incoming invoices into structured data, which enhances processing efficiency and integration with financial systems [2][3]. - The company's AP solution streamlines the entire accounts payable process, utilizing AI-powered data entry to reduce costs and provide real-time visibility into AP spending [2][3]. Product Features - A notable feature of Quadient's AP solution is its robust multilingual capability, which supports global operations and enhances compliance across multinational AP processes [3]. - The solution also offers flexible multi-currency and cross-border payment options, real-time analytics, and seamless ERP integrations, contributing to operational efficiency [3]. Company Commitment - Quadient emphasizes its commitment to innovative financial automation that leverages AI while maintaining a focus on user experience, as stated by the Chief Solution Officer [4]. - The company aims to provide essential financial insights without the need for extensive manual data retrieval, enhancing user accessibility to critical information [4]. Industry Context - QKS Group, the organization behind the SPARK Matrix report, is a leading global advisory and research firm that supports technology innovators and adopters in their growth and digital transformation journeys [5].

Core Insights - Corpay and Computer Guidance Corporation have released a joint case study highlighting their integrated accounts payable automation solution for S.T. Wooten, a construction firm [1][4] - The partnership aims to modernize and streamline back-office operations for construction companies through secure payment automation within existing ERP systems [2][3] Company Overview - Computer Guidance Corporation provides a leading construction enterprise resource planning (ERP) solution, serving thousands of clients across North America, with over 20% of clients on top ENR lists [5] - Corpay is a global S&P 500 corporate payments company that processes 1.9 billion transactions annually and is the number one B2B commercial Mastercard issuer in North America [6][7] Solution Features - The integrated solution is built on a flexible, API-based framework that allows real-time data exchange between Corpay's payment automation platform and Computer Guidance's eCMS ERP system, enhancing visibility and accuracy while reducing manual processing [3][4] - The case study emphasizes the benefits of reducing payment friction, strengthening vendor relationships, and allowing accounts payable teams to focus on strategic initiatives [4][5] Market Impact - The collaboration between Corpay and Computer Guidance aims to simplify workflows, improve control, and drive meaningful cost savings for construction finance teams [5] - The unified spend management platform, Corpay Complete, offers various solutions including Payments Automation and Invoice Automation, which help clients automate and secure business payments [7]

Core Viewpoint - AvidXchange Holdings, Inc. is set to be acquired by TPG and Corpay for $10.00 per share, valuing the company at $2.2 billion, which represents a significant premium over its recent stock prices [1][2]. Acquisition Details - The acquisition price of $10.00 per share reflects a 22% premium over AvidXchange's closing price of $8.20 on May 6, 2025, a 16% premium over the 90-day volume weighted average price, and a 45% premium over the closing price of $6.89 on March 12, 2025 [2]. - Upon completion, AvidXchange will transition to a private company, allowing for greater flexibility in investing in growth and enhancing integrated payment solutions [2]. Company Background - AvidXchange is a leading provider of accounts payable automation software and payment solutions, serving over 8,500 middle market businesses and facilitating payments to more than 1,350,000 suppliers in the past five years [9]. - The company has established itself as a leader in AP automation and payment software, with a differentiated platform aimed at growth [3]. Strategic Insights - TPG and Corpay view AvidXchange as a leader in AP automation, with significant opportunities to enhance its solutions and improve efficiency in payment processes [3]. - The partnership aims to leverage TPG's technology expertise and Corpay's corporate payments capabilities to accelerate AvidXchange's growth [3]. Transaction Approval and Timeline - The transaction has been unanimously approved by AvidXchange's Board of Directors, and certain senior management members will rollover a significant portion of their equity [4]. - The deal is subject to customary closing conditions, including stockholder approval and regulatory approvals, and is expected to close in the fourth quarter of 2025 [5]. Financial Advisory - Financial Technology Partners and Barclays are acting as financial advisors to AvidXchange, while TPG is advised by J.P. Morgan Securities LLC, Moelis & Company, and RBC Capital Markets [7][8].

Company Overview - AvidXchange Holdings, Inc. is a leading provider of accounts payable (AP) automation software and payment solutions specifically designed for middle market businesses and their suppliers [3] - The company offers a software-as-a-service-based, end-to-end platform that digitizes and automates AP workflows for over 8,500 businesses [3] - AvidXchange has facilitated payments to more than 1,350,000 supplier customers over the past five years [3] Financial Results Announcement - AvidXchange will release its financial results for the first quarter of 2025, which ended on March 31, 2025, on May 7, 2025 [1] - A conference call is scheduled for 10:00 AM ET on the same day to discuss the financial results [1][2] - The call will be available for live broadcast via webcast and a recorded replay will be accessible on the AvidXchange Investor Relations website after the call [2]

Financial Data and Key Metrics Changes - Revenue in Q4 2024 was approximately $115 million, up roughly 11% year over year, driven by increased transaction volume and transaction yield growth [16][41] - Non-GAAP gross margin reached almost 75%, up 350 basis points from the previous year, achieving the targeted margin milestone ahead of the 2025 objective [16][48] - Adjusted EBITDA margins for the quarter reached almost 23%, hitting the milestone committed during the Investor Day [18][48] - GAAP net income for Q4 2024 was $4.7 million, compared to a net loss of $4.5 million in Q4 2023, marking the third GAAP net income quarter since going public [51][52] - Non-GAAP diluted earnings per share increased 60% to $0.08 compared to $0.05 in Q4 2023 [53] Business Line Data and Key Metrics Changes - Software revenue was $30.9 million, accounting for 26.8% of total revenue, increasing 6.4% year over year [45] - Payment revenue was $83.4 million, accounting for 72.2% of total revenue, increasing 12.3% year over year [46] - Transaction yield increased to $5.80 per transaction, up 6.4% from $5.45 in Q4 2023 [44][46] Market Data and Key Metrics Changes - The overall top of funnel opportunities were down roughly 2%, with buyer customer logo count growth of over 6% in 2024 [11][12] - Positive growth was observed in three major verticals: real estate, financial services, and media, while declines in the HOA vertical moderated [11] Company Strategy and Development Direction - The company aims to continue building future growth through ERP integrations and vertical market expansion, alongside key product innovations [20][39] - New product offerings include Payment Accelerator 2.0 and AvidPay 2.0, which are expected to enhance revenue growth and margin expansion [25][29] - The company is focused on maximizing e-payment penetration and leveraging AI for operational efficiencies [34][38] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving long-term growth despite macroeconomic challenges, emphasizing disciplined execution and innovation [38][40] - The 2025 revenue outlook is projected to be between $453 million and $460 million, reflecting a cautious approach due to the unpredictable macroeconomic environment [56][57] Other Important Information - The company repurchased $25 million worth of shares in Q4 2024, totaling $50 million for the year under a $100 million share repurchase program [7][8] - The company ended the year with a strong cash position of $389.3 million and an undrawn credit facility of $150 million [54] Q&A Session Summary Question: Update on gross margin expansion and operating expenses - Management indicated a long-term trajectory towards an 80% gross margin, driven by sourcing strategies, standardization, and AI automation [63][64] Question: Insights on the financial services partner and paper checks initiative - The company plans to leverage existing specialty networks to eliminate paper checks and maximize electronic payments [68][70] Question: Expectations for macro headwinds in 2025 revenue guidance - Management noted that the guidance reflects a cautious outlook, with anticipated low single-digit transaction growth and contributions from new payment methods [76][80] Question: Trends in vertical-specific activity exiting 2024 - Management confirmed that while all verticals experienced subdued activity, they are optimistic about future growth driven by new channel partnerships [104]