Core Insights - AvidXchange Inc. has launched new AI agents and enhancements in its invoice automation solution, aimed at improving efficiency, visibility, and control for finance professionals [1][3] - A survey indicated that 76% of mid-market finance departments see the value of AI in enhancing efficiency and decision-making [2] Company Overview - AvidXchange is a leading provider of accounts payable (AP) automation, focusing on intelligent AP software and payment solutions for mid-market businesses and their suppliers [4] - The company has 25 years of experience in the industry and has processed payments to over 1.3 million suppliers through its proprietary payment network in the last five years [4] AI Enhancements - The new AI Approval Agent analyzes historical data to provide real-time insights on invoice approval likelihood, while ensuring human oversight in final decisions [5] - The AI PO Matching Agent automates the matching of line-item details from invoices to purchase orders, improving accuracy and accelerating approvals [5] - Enhancements in the Invoice Capture feature allow for continuous learning of data patterns, resulting in approval-ready invoices and reduced manual touchpoints [5] Customer Impact - AvidXchange's AI-driven features have led to a 20% reduction in invoice discrepancies for clients, allowing teams to focus on strategic priorities [3]