AvidXchange (AVDX)

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Overall impact
C (56)

Commentary

AvidXchange is an average overall performer. With a 'C' rating of 56.5 for overall impact (55th percentile compared to all companies), AvidXchange ranks 29th out of 51 industry peers, behind Tercera, TPx Communications, Confluent and 25 others, and ahead of Newfold Digital, Afterpay, Consensus Cloud Solutions and 19 others. On top material causes for AvidXchange's industry (Software & Services), AvidXchange performs well in Lgbtq Equality (89.1 score), Quality Lifelong Education (85.7) and Quality Primary Education (96.1) and performs poorly in Accountable Institutions (29.0 score), Technology Innovation (26.4), Free, Secure Flow of Information (16.9) and 2 other causes where it received a 'D' or 'F' score.
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Screens
Alcohol - responsible marketing
Animal treatment
Anti-abortion support
Carbon emissions intensity
Child safety
Deforestation - financing
Deforestation - supply chain
Discrimination controversies
Electrical utility
Endangered wildlife
Environmental controversies
EU sanctions list
Factory farming
Health-related controversies
Human rights controversies
Human trafficking
ILO Conventions
Interest-based products
Interest-bearing debt
Interest-bearing securities
Land use and biodiversity
Misleading communication
Modern slavery
Norges Bank exclusion list
No SBTI commitment
OECD Guidelines
Opioid controversies
Oppressive governments
Pharma controversies
Prison involvement
Privacy breaches
Tobacco - GICS
UK sanctions list
UN Global Compact
UN Guiding Principles
US OFAC sanctions list
Impact
Cause AVDX
Peer rank
Overall impact

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Screens
Alcohol - responsible marketing
Animal treatment
Anti-abortion support
Carbon emissions intensity
Child safety
Deforestation - financing
Deforestation - supply chain
Discrimination controversies
Electrical utility
Endangered wildlife
Environmental controversies
EU sanctions list
Factory farming
Health-related controversies
Human rights controversies
Human trafficking
ILO Conventions
Interest-based products
Interest-bearing debt
Interest-bearing securities
Land use and biodiversity
Misleading communication
Modern slavery
Norges Bank exclusion list
No SBTI commitment
OECD Guidelines
Opioid controversies
Oppressive governments
Pharma controversies
Prison involvement
Privacy breaches
Tobacco - GICS
UK sanctions list
UN Global Compact
UN Guiding Principles
US OFAC sanctions list
Impact trend

Change in rating for overall impact

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Company
Founded
2000
Employees
1,600
Sector
Information Technology
Industry
Software
Sub-industry
Application Software
SASB industry
Software & IT Services
Headquarters
Nc, United States
Share classes
AVDX
AvidXchange
More info
https://www.avidxchange.com
Description
AvidXchange Holdings, Inc. provides accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers in the United States. The company offers AP automation software, a SaaS-based solution that automates and digitizes capture, review, approval, and payment of invoices for buyers; the AvidPay network that connects two-sided payments with buyers and suppliers; and the AvidXchange Supplier Hub, which provides supplier insights to cash flow, tools for in-network invoices and payments, and early payment feature. Its platform offers electronic invoice capture, workflow routing, and automated payments solutions. It serves real estate, community association management, construction, financial services, healthcare facilities, social services, education, hospitality, and media sectors through direct salesforces; strategic channel partnerships; and software and technology business partners. AvidXchange Holdings, Inc. was incorporated in 2000 and is headquartered in Charlotte, North Carolina.
Material causes
Ethos considers the following causes material for AvidXchange, based on its industry sub-industry Application Software. Learn more about material causes in our methodology overview.
Accountable institutions
Build accountable and inclusive institutions at all levels
Arts and culture access
Support arts and culture creation, preservation, and access everywhere
Decent, safe work opportunities
Promote full and productive employment for all, in safe work environments
Equal pay and opportunity
Achieve equal pay and opportunity for women everywhere
Fair labor practices
Ensure fair and humane labor practices everywhere
Free, secure flow of information
Ensure a free and open flow of information, with secure personal data and privacy
Improved mental health
Support awareness and access to mental health support for all
LGBTQ equality
Ensure equal rights for all lesbian, lesbian, gay, bisexual, transgender and queer people
No poverty
End poverty in all its forms everywhere
Quality lifelong education
Ensure access to quality secondary education and lifelong learning opportunities for all
Quality primary education
Provide inclusive and quality education for all children
Racial justice and civil rights
Eliminate racism and ensure justice for all
Reduced green house gas emissions
Continually reduce green house gas emissions and other pollutants
Reduced inequality
Reduce inequality within and among countries
Reduced waste
Reduce waste and support re-usable materials
Sustainable use of natural resources
Ensure sustainable use of natural resources
Technology innovation
Foster technology innovation that supports sustainable economic development
Peace and justice
Promote peaceful and inclusive societies, provide access to justice for all
Quality education
Ensure inclusive and equitable quality education and promote lifelong learning opportunities for all
Inclusive economies
Create inclusive economies with no poverty, decent work for all, and affordable living conditions
Gender equality
Achieve gender equality and empower all women and girls
Innovation
Innovate to foster economic growth and human development
Health and well-being
Ensure healthy lives and promote well-being for all at all ages
Climate action
Take urgent action to combat climate change and its impacts
Sustainable resource use
Ensure sustainable consumption and production patterns

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This information may not be used for corporate financing purposes (including, without limitation, ESG-linked loans, credit facilities, securities or structured products), as a basis for any financial instruments or products (including, without limitation, passively managed funds and index-linked derivative securities) or other products or services, to verify or correct data in any other compilation of data or index, to create any derivative works, nor to create any other data or index (custom or otherwise), without Ethos' prior written permission.

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