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Suburban Maryland's Largest Locally-Owned Property Management and Brokerage Firm Automates AP

Charlotte, NC (December 31, 2008) - McShea & Company, Inc. has selected AvidInvoice, AvidXchange's flagship product, as its solutions provider for payables management and to serve as the system of record for payable transactions across the entire company. 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 McShea & Company, Inc.

Founded in 1983, McShea & Company, Inc. serves the Washington/Baltimore metropolitan area with comprehensive commercial real estate services and support. They are committed to applying their market knowledge, experience and sound business principles to the achievement of their client's real estate objectives. With over 140 employees, including 20+ brokers, and over 6 million square feet under management, McShea is the largest locally-owned brokerage and property management company in Suburban Maryland. The Company has offices in Gaithersburg, Columbia, Frederick, and Rockville, MD. Their broad base of experience includes both landlord representation for national investment advisors and developers, and tenant representation for the region's largest employers. Additional information on McShea & Company, Inc. can be found at www.mcsheaco.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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