News
Multi-Family Centralizes AP Across 300,000+ Invoices and 17 Markets
Charlotte, NC (December 1, 2008) - Empirian Property Management, Inc. has selected AvidInvoice, AvidXchange's flagship product, as its solutions provider for payables management and to serve as the system of record for all 25,000+ monthly 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. In addition, Empirian will be utilizing the AvidBill Network to receive all invoices electronically and then move directly into their workflow approval process defined by Empirian's specific business rules.
About Empirian Property Management, Inc.
Empirian Property Management, Inc. is a dynamic leader in the multi-family housing management industry, managing a prized portfolio of over 325 apartment communities that stretch across 17 U.S. markets. With over 40,000 units, under management, Empirian Property Management, Inc. is proudly devoted to providing the finest in apartment management services. Empirian Property Management's continued success is due to many factors including: community management dedicated to promoting a quality lifestyle for residents by providing world-class customer service. The communities they manage offer a wide selection of living space options, from studio units to 4-bedroom apartments. Rent price points to offer housing affordable to a wide array of income levels properties that offer beautiful settings, convenient locations and plenty of amenities. Their properties' ownership group has a solid financial footing and years of experience to enable it to continually identify future trends in residential real estate and to take advantage of unique opportunities for acquisitions, development, and disposition across many markets in order to optimize the performance of the portfolio and enhance the resident experience. Additional information on Empirian Property Management can be found at www.epmapartments.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 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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