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eInvoicing Helps Industrial REIT Manage Properties Across the Sunbelt
Charlotte, NC (January 13, 2009) - EastGroup Properties, Inc. 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 EastGroup Properties, Inc.
EastGroup Properties, Inc. is a self-administered equity real estate investment trust with a focus on acquisition, ownership and development of industrial properties in major Sunbelt markets across the United States with a special emphasis in the states of California, Florida, Texas and Arizona. EastGroup's strategy for growth is based on a property portfolio orientation toward premier distribution facilities in close proximity to major transportation centers. EastGroup's portfolio currently includes 25.7 million square feet with an additional 1.6 million square feet of properties under development. Additional information on EastGroup Properties can be found at www.eastgroup.net.
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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