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Third Generation Firm Entrusts AvidXchange to Automate Payables
Charlotte, NC (October 23, 2008) - Guardian Management has selected AvidInvoice, AvidXchange's flagship product, as its solutions provider for payables management and to serve as the system of record for all 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 Guardian Management
Founded in 1971, Guardian Management, LLC remains privately held into its third generation of owners. With a long history as a property management industry leader, the company's continuing success has led to parallel achievement in growth of its real estate investment and development activities. By consistently focusing on creating excellent communities for its residents and capital growth opportunities for its investors, Guardian has established itself as one of the largest, privately held owner-operators in the western United States. Based in Portland, Oregon, Guardian maintains a strong presence throughout the western region of the United States, managing apartment communities in Oregon, Washington, Idaho, Arizona and Texas. While its portfolio of properties is geographically distributed, the highest concentrations are in Portland, Seattle and Phoenix. The Guardian team specializes in organizing and executing complex financial structures, while routinely placing conventional debt. The team has strong experience with public-private partnerships, layered financing, master-leasing, tax exempt bonds and tax credit equity through several programs. Additional information on Guardian Management can be found at www.guardianapartments.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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