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Atlantic Realty, Awash in Paper Invoices, Beaches Manual AP Process
Charlotte, NC (August 11, 2009) - Atlantic Realty Companies 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 Atlantic Realty Companies
Founded in 1992, Atlantic Realty Companies (ARC) succeeds in a wide spectrum of real estate projects, applying in-house capabilities which integrate acquisition, development, land use, leasing, construction and property management. ARC has created a distinctive portfolio of office, retail, mixed-use, and medical office properties, each offering the optimal combination of location, value and quality. With its headquarters in Tysons Corner, Virginia, ARC is firmly rooted in their region allowing them to stay on top of changing tenant needs, financing opportunities and market conditions. Privately held, ARC possesses the mindset and structure of a highly responsive, entrepreneurial firm, constrained by neither bureaucracy, absentee management, nor public shareholders. And as it owns its properties, Atlantic's partners are always accessible and engaged in managing the company for long-term stability and success. This ensures that its tenants' needs are best served, the quality of its properties maintained, and values are maximized. Additional information on Atlantic Realty Companies can be found at www.arcrealty.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 37 public REITs and over 180 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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