Piracle
- Company typePrivate
- Founded1991
- HeadquartersSalt Lake City, United States
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
Piracle firmographics
Firmographics- Name
- Piracle
- Legal name
- AvidXchange
- Website
- https://Piracle.com
- Company type
- Private
- Founded year
- 1991
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Piracle industry classification
Industry- Product category
- Accounts Payable Automation Software
- NAICS
- Software Publishers (513210), Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)
- SIC
- Services-Prepackaged Software (7372)
- akta.pro primary industry
- Accounts Payable Automation & Supplier Payments (FSAGAJAD)
- akta.pro secondary industries
- Bill Pay, Invoicing & Payables Platforms (BPAMAFAF), Integrated Payment Processors (PSP/Acquirer) (FSAMABAA), Biller Direct EBPP Platforms (FSAMAJAA)
Keywords
Where Piracle is headquartered
LocationHeadquarters
- HQ city
- Salt Lake City
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Piracle business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure
Revenue model
- AP Automation Software Subscriptions: Subscription-based AI-powered accounts payable automation software with customizable workflows, audit trails, and built-in compliance controls
- Accounts Payable as a Service: Fully managed AP infrastructure for ERPs and accounting systems, eliminating need for customers to build, maintain, or scale complex AP automation workflows
- Payment Processing: B2B payment processing including virtual credit card, AvidPay Direct, and mailed checks through the AvidPay Network supplier network
Go-to-market motion1 record
Distribution channels4 records
Marketing channels9 records
Piracle product offering
Product offeringCore offering
Piracle offers AI-powered accounts payable automation software centered on the AvidSuite platform, which automates invoice capture, approval workflows, and B2B payment execution. The offering combines subscription-based automation software, a managed Accounts Payable as a Service option, and the AvidPay Network for payment processing, integrating with 200+ ERP and accounting systems across more than a dozen industry verticals.
Product overview
Piracle (AvidXchange) offers a modular accounts payable automation platform centered on AvidSuite, which connects finance teams to one of the largest B2B supplier networks (AvidPay Network). The core portfolio spans invoice automation, purchase order automation, payment automation, and Accounts Payable as a Service — all underpinned by AvidXchange AI for intelligent approval routing. Adjacent offerings include the AvidXchange Supplier Hub and Straight Through Processing for suppliers, plus AvidAnalytics for reporting and Lien Waiver Management for the construction sector. The platform integrates with over 10 ERP and accounting systems (NetSuite, QuickBooks, Sage, Microsoft, Acumatica, Blackbaud, MIP, MRI, Rent Manager, Yardi) and recently completed a Workday integration.
Differentiator
Problem solved
Functional benefit
Products and services
- AvidSuite Core accounts payable automation platform integrating with leading ERP and accounting systems to provide invoice processing, approval workflows, and payment execution for enterprise and mid-market finance teams.
- Accounts Payable Automation AI-powered AP automation that processes invoices, routes approvals, and manages the full accounts payable lifecycle from invoice capture to payment completion for mid-market and enterprise finance departments.
- Purchase Order Automation Automates purchase order creation, approval, and management alongside AP processing for organizations seeking end-to-end procure-to-pay automation.
- Payment Automation Automates B2B payment execution including virtual credit card, ACH, and check payments through the AvidPay Network for enterprise finance teams managing supplier disbursements.
- Accounts Payable as a Service Fully managed AP infrastructure offering a ready-to-launch invoice and payments experience integrated into ERP and accounting platforms, eliminating the need for customers to build or maintain AP workflows.
- AvidPay Network (Supplier Network) One of the largest B2B supplier networks connecting buyers and suppliers for real-time invoice and payment processing with flexible payment options including virtual credit card, AvidPay Direct, and mailed checks.
- AvidXchange Supplier Hub Supplier-facing portal within the AvidPay Network providing access to payment options, invoice status inquiry, and dedicated supplier support for businesses receiving payments.
- Straight Through Processing Automated straight-through processing for supplier invoice and payment workflows that reduces manual intervention and accelerates transaction completion.
- FastPay for Media Specialized AP automation solution tailored for the media industry, supporting high-volume vendor payments and media-specific payment requirements.
Quantifiable outcome
- Reduces reconciliation time by 50%
- +1 more outcomes
Companies that use Piracle
Customer profileNamed customers16 records
Segments14 records
Ideal customer profiles4 records
Piracle technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration11 records
AI capability2 records
Feature5 records
Piracle partnerships and signals
Strategic signalPartnerships
14 partnerships are on record, tiered core and minor.
- Oracle NetSuitecoreIntegration partnership providing AvidXchange AP automation within NetSuite ERP environment, enabling seamless invoice and payment processing for NetSuite customers
- Intuit QuickBookscoreIntegration partnership for QuickBooks users to access AvidXchange AP automation directly within their accounting workflow
- MicrosoftcoreIntegration partnership with Microsoft ecosystem for AP automation capabilities
- SagecoreIntegration partnership for Sage accounting software users
- AcumaticacoreIntegration partnership providing AP automation for Acumatica cloud ERP users
- BlackbaudcoreIntegration partnership for Blackbaud nonprofit accounting software users
- MIP Fund AccountingcoreIntegration partnership for MIP Fund Accounting nonprofit and government users
- MRI SoftwarecoreIntegration partnership for MRI Software property management and real estate users
- Rent ManagercoreIntegration partnership for Rent Manager property management users
- YardicoreIntegration partnership for Yardi property management and real estate accounting users
- WorkdaycoreCompleted integration partnership with Workday, announced via press release
- Bank PartnerscoreBanking partners that facilitate payment processing and B2B payment services
- ISV Partners (Referral Partners)minorIndependent Software Vendors that refer customers to AvidXchange
- Value-Added Resellers (VAR)minorReseller partners that distribute AvidXchange solutions
Scale indicators4 records
Recent moves6 records
Expansion highlights6 records
Piracle competitors and assessment
Company assessmentDirect peers
- Plastiq: Plastiq enables B2B bill payment via credit card and is a comparable supplier-payment-rail peer targeting similar SMB and mid-market AP use cases.
- Tipalti: Tipalti offers AP automation and global supplier payments with a strong marketplace/SaaS vertical orientation, competing head-to-head in payables workflows, supplier management and cross-border payment execution.
- Bill.com: Bill.com is a direct competitor offering B2B AP automation and bill pay/payments to SMB and mid-market finance teams, with similar subscription-plus-payment-fee revenue model and broad ERP integrations.
- Stampli: Stampli is a direct AP automation peer that uses AI for invoice capture, coding and collaborative approvals, targeting similar mid-market and enterprise finance teams with ERP-centric integrations.
- Melio: Melio is a B2B payments platform enabling AP/AR workflows (ACH, card, check) for SMBs, with comparable supplier payment rails and QuickBooks-native distribution.
Emerging players
- Ramp: Ramp is a fast-growing spend management platform bundling corporate cards with AP automation and bill pay, increasingly overlapping with AvidXchange's invoice-to-payment workflow for mid-market customers.
- Airbase: Airbase is an emerging spend management platform offering bill pay, AP automation and corporate cards to mid-market companies, increasingly overlapping with AvidXchange's APaaS and payment-automation pitch.
- Brex: Brex combines corporate cards and AI-driven expense and bill pay, expanding from cards into AP automation and competing with AvidXchange for finance team wallet share.
Broad incumbents
- Coupa: Coupa is a broad business spend management incumbent whose AP automation and supplier network overlap with AvidXchange, but operates as part of a much wider spend/Procure-to-Pay portfolio serving larger enterprises.
- SAP Ariba: SAP Ariba is a broad incumbent in procurement and B2B payments, competing with AvidXchange on supplier network and AP within large ERP-centric enterprises, especially where SAP is the system of record.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Piracle social profiles
Digital presencePiracle financial estimates
Financial estimateRevenue estimate
Valuation estimate
Piracle leadership team
Management profileNumber of profiles
Piracle funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Piracle M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Piracle
What does Piracle do?
Piracle offers AI-powered accounts payable automation software centered on the AvidSuite platform, which automates invoice capture, approval workflows, and B2B payment execution. The offering combines subscription-based automation software, a managed Accounts Payable as a Service option, and the AvidPay Network for payment processing, integrating with 200+ ERP and accounting systems across more than a dozen industry verticals.
Is Piracle a public or private company?
Piracle is a private company. It is classified as unknown and is currently operating.
When was Piracle founded?
Piracle was founded in 1991. It employs 11 to 50 people.
Where is Piracle based?
Piracle is headquartered in Salt Lake City, United States, in the North America region.
How does Piracle make money?
Three revenue lines are on record. AP Automation Software Subscriptions are the primary driver. The others are accounts Payable as a Service and payment Processing.
Who are Piracle's main competitors?
Direct peers on record are Plastiq, Tipalti, Bill.com, Stampli and Melio. Emerging players are Ramp, Airbase and Brex. Broad incumbents are Coupa and SAP Ariba.
Does Piracle have an API?
No public API is recorded for Piracle.
What industry is Piracle in?
Piracle's product category is Accounts Payable Automation Software. Its primary akta.pro industry code is FSAGAJAD, Accounts Payable Automation & Supplier Payments, with a secondary code of BPAMAFAF, Bill Pay, Invoicing & Payables Platforms. Its NAICS code is 513210 and its SIC code is 7372.