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4th Generation RE Development Firm Adopts 21st Century Technology
Charlotte, NC (December 8, 2008) - Malon D. Mimms Company 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 Malon D. Mimms Company
Founded in 1929, Mimms Enterprises is a fourth generation privately-owned commercial real estate development company that prides itself on experience, relationships, and market expertise. Mimms specializes in construction, redeveloping, leasing and managing retail, industrial and office properties. They own and operate 71 retail properties across the Southeast. The Malon D. Mimms Company has expanded its portfolio and moved into four South Carolina cities with the purchase of ten new centers. The new centers, primarily in the Columbia market, provide a combined total space of 736,849 square feet, increasing the company's leasable space nearly 20 percent. The Malon D. Mimms Company is a privately-owned commercial real estate developer based in historic Roswell, Georgia. The family-owned business has a sister company, Mimms Enterprises, owned by the three sons of Malon Mimms. Between them, the two companies own and manage 10 million square feet of property with over 1,150 tenants within retail, industrial and office properties. Additional information on the Malon D. Mimms Company can be found at www.mimms.org.
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 140 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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