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eInvoicing Gives Large Residential Developer Something to Singh About

Charlotte, NC (February 10, 2009) - Singh Management has selected AvidXchange and Intuit Real Estate Solutions (IRES/MRI) for their back-office platform. AvidInvoice for MRI is a web-based invoice management system designed to automate the way companies manage their accounts payable documents. The AvidInvoice module provides finance executives and AP managers with enforceable controls, powerful reporting and added "visibility" to all invoice documents in their organization while providing invoice "approvers" with features that make it easier to apply accounting codes and approve or dispute invoices.

About Singh Management

Founded in 1973, Singh Management is a nationally ranked builder/developer. With its primary focus in southeast Michigan, Singh continues successfully in developing and building upscale apartment communities, luxury single family subdivisions and homes, senior living communities and premier commercial properties. Singh's strategy is to design, build and market high-quality real estate developments, as well as manage and retain ownership of revenue producing properties in premier locations. The company's success comes from thoughtfully conceived developments, careful planning, hands-on management, quality construction and astute marketing. Additional information on Singh Management can be found at www.singhweb.com.

About Intuit Real Estate Solutions

Intuit Real Estate Solutions (IRES/MRI), headquartered in Cleveland, Ohio, offers business management solutions to the global property management industry as well as to corporate real estate managers. Offering the most flexible solutions with both outsourced hosted offerings and packaged enterprise software, IRES strives to develop long-term successful relationships with its clients. The business currently has more than 4,500 clients on five continents and in 41 countries. Additional information on Intuit Real Estate Solutions can be found at www.realestate.intuit.com.

About AvidXchange

Founded in 2000, AvidXchange, Inc., headquartered in Charlotte, North Carolina, is the industry-leading provider of paperless invoice management and electronic purchase order tools for real estate companies in the office, retail, multi-family and industrial sectors. More than 35 public REITs and over 150 real estate companies are managing their payables with AvidInvoice, the SAS 70 Certified AP workflow solution that eliminates lost invoices, minimizes late fees/overnight courier charges and reduces invoice processing costs by up to 50%. Additional information on AvidXchange can be found at www.avidxchange.com.

For Immediate Release
Contact: Michael Praeger
mpraeger@avidxchange.com
704.971.8101

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