AvidXchange acquisition: What finance teams need to know in 2025
The AvidXchange acquisition by Corpay and TPG creates new uncertainties for AP automation customers. Here’s what this means for your finance team and how to navigate these changes.
The acquisition: Risks beyond just a change in ownership
On May 6, 2025, AvidXchange announced its $2.2 billion acquisition by private equity firm TPG and corporate payments company Corpay. Under the deal terms, TPG will hold the majority stake, while Corpay will invest $500 million for 33% ownership, taking AvidXchange private.
But there’s a more concerning story beneath the headlines that directly threatens your finance team’s efficiency.
The acquisition is scheduled to close in Q4 2025, pending regulatory approval. What’s particularly alarming is that Corpay has an option to acquire the remaining shares in 2028. This two-phase acquisition structure signals a clear shift toward Corpay’s payments-first priorities – potentially at the expense of AP innovation and customer-focused development.
When payments drive the roadmap, AP gets left behind
For finance teams using AvidXchange for accounts payable automation, this isn’t just corporate news – it’s a development that risks slowing innovation, misaligning your roadmap needs, and potentially increasing your costs as the platform shifts toward payment processing priorities rather than AP optimization.
Corpay’s payments-first DNA sidelines AP progress
Corpay earns a significant portion of its revenue from interchange fees, cross-border FX spread, and other payment-related charges. Their leaders openly state that scaling Corporate Payments is the company’s “heart” and path to billions more in revenue. With this acquisition, product leaders will be incentivized to steer AvidXchange users onto Corpay rails (virtual cards, cross-border wires) because every dollar of payment volume generates interchange or FX spread – returns that dwarf subscription revenue from smarter invoice coding.
Innovation can’t wait, but AvidXchange just hit pause
AvidXchange only rolled out its first generative-AI “agents” in April 2025 – years after rivals such as Stampli. Harvard Business Review finds that R&D output typically dips for 12–24 months after an acquisition as engineers are reassigned to “plumbing.” Any repurposing of Avid’s new AI squad to build Corpay data pipes or payments modules will extend an already-wide feature gap.
You didn’t choose Corpay – but Corpay now chooses your future
Corpay already sells cards, virtual cards, cross-border payments, and its own AP automation modules. When acquirers own overlapping products, they typically “rationalize” them – sunsetting modules or forcing customers to migrate. McKinsey research shows that more than half of tech deals eventually retire or re-platform the acquired company’s products. For AvidXchange users, this means potential rewrites of integrations, retraining staff, or being nudged onto Corpay’s payment rails.
Support and service degradation
Post-acquisition integrations redirect frontline support teams to learning new systems and policies, often lengthening ticket queues. AvidXchange’s latest earnings show only single-digit revenue growth, suggesting limited slack for ramping service headcount during the transition. Further, with TPG’s majority stake, the combined entity will aim for a 3 to 5-year exit – typically focusing on aggressive cost cuts and near-term cash generation to satisfy investors.
Stampli does what Avid can’t – and always has
While AvidXchange pivots toward payment processing priorities, Stampli delivers a complete procure-to-pay solution designed specifically for midmarket finance teams.
AP-first, not payment-first
Stampli was built to automate AP from day one. Its AI – in development since 2015 – drives invoice intake, GL coding, PO matching, approvals, and even vendor communication. Payments are supported but not mandated – giving customers total flexibility to pay how they want, not how a payment processor wants you to pay.
AI-native and deeply integrated with your ERP
Stampli mirrors your ERP’s dimensions and approval logic, supports multi-entity setups natively, and allows full configuration of fields and workflows. With 70+ ERP connectors built in-house, Stampli offers deep field-level sync, real-time updates, and instant feedback for every action – no middleware required.
Designed for configurability, speed, and collaboration
Stampli gives unlimited users access with role-based permissions, customized views, and real-time messaging. Approvers, budget owners, vendors, and procurement staff can all participate directly in the invoice lifecycle – improving speed and accountability. AvidXchange restricts access and uses a one-size-fits-all interface that makes collaboration clunky or external.
Modern procurement + AP in one seamless flow
Unlike AvidXchange, which lacks an employee portal for purchase requests and offers limited PO matching, Stampli includes a full procurement module with free-text-to-structured AI conversion, budget enforcement, vendor onboarding, and fully configurable approval chains.
No delays. No disruptions. Just better AP.
Moving AP systems is often seen as high-risk and time-consuming. Stampli flips that narrative by offering a flexible, guided migration process that adapts to how your team already works.
Fast implementation (weeks, not months)
Stampli migrations are structured rollouts guided by AP and ERP integration experts. Most customers are fully live within a few weeks, with training, ERP sync, and live invoice processing all completed quickly – not the months it takes with AvidXchange.
ERP-native integrations reduce rework and training needs
Stampli doesn’t require a rip-and-replace approach – its platform flexes around your existing workflows, ERP configurations, and approval hierarchies. Integration with NetSuite, SAP, Oracle Fusion, QuickBooks, Intacct, and Dealertrack is pre-built and optimized for rapid deployment. No consultants. No coding required.
Guided onboarding and dedicated support teams
From invoice exports and ERP migration protocols to invoice assignment and coding, Stampli provides comprehensive guides and support to ensure continuity before, during, and after the switch. Our teams have specialized experience migrating customers from AvidXchange to Stampli with zero downtime.
Customers regularly cite faster time to value and minimal disruption
Organizations with 10+ subsidiaries, thousands of vendors, or distributed AP teams have successfully migrated to Stampli without missing a beat. Just ask Alden Renewables, who completed their AP migration in just 20 minutes (compared to two weeks for their expense software) and achieved a 25x efficiency boost – reducing the need for five full-time AP specialists to just one person dedicating 20% of their time.
Making the switch: Simple next steps
- Schedule a Stampli demo focused on your specific ERP integration and workflow needs
- Review your current contract to identify optimal transition timing
- Begin guided implementation with Stampli’s dedicated migration specialists
- Experience rapid ROI as you go live in weeks, not months
Conclusion: Switch in weeks, not quarters—no disruption, no detours
The AvidXchange acquisition by Corpay and TPG represents a fundamental shift toward payment processing priorities – at the expense of comprehensive P2P innovation. While the full impact won’t be known until after the deal closes in Q4 2025, the direction is clear: payments will take precedence over end-to-end procurement and AP workflows.
By switching to Stampli now, you secure a complete procure-to-pay platform that delivers what finance teams actually need: fluid processes from request to reconciliation with the AP capabilities that keep your department running efficiently.
This article was updated on May 6, 2025, with the latest information about the AvidXchange acquisition.
