TPG and Corpay have agreed to acquire AvidXchange, a Charlotte, North Carolina-based provider of accounts payable automation software and payment solutions, in a $2.2 billion take-private deal.

TPG and Corpay have teamed up to acquire AvidXchange in an all-cash deal valued at $2.2bn, taking the payments firm private.

Managing accounts payable (AP) is a vital part of running a business. It involves tracking what a company owes its suppliers ...

The modernization of financial operations is accelerating, and companies that don’t embrace the drive toward automation will ...