News
Diversified RE Developer Automates, Centralizes Payables Documents
Charlotte, NC (October 15, 2008) - REDICO Management, 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 REDICO Management
Founded in 1970, REDICO Management, Inc., headquartered in Southfield, Michigan, is a diversified, dynamic national real estate development, construction, and property management leader. Employing bold vision and meticulous planning to deliver consistent success, REDICO has grown to include diversified activities in development, capital partnering, design, construction, leasing, property management, consulting, and other endeavors in the office, retail, residential, public works and entertainment venue real estate arenas across the United States. REDICO has developed tens of millions of square feet of diversified properties across the United States, from the most envied Class A office buildings to leading-edge retail and "lifestyle" centers, multi-family residential high-rises, sports/entertainment venues and many other types of commercial, industrial, residential and public works properties. Additional information on REDICO Management can be found at www.redico.com.
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 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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