News
Firm Says Payables Management No Longer an Upstream Paddle
Charlotte, NC (September 18, 2008) - River City Capital, LLC 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 River City Capital
Founded in 2006 and headquartered in Richmond, Virginia, River City Capital, LLC is in the business of acquiring and managing grocery-anchored shopping centers. During the past two years, they have acquired over $50 million of centers. Their geographic focus is secondary and tertiary markets located throughout the Southeast and Mid-Atlantic regions. River City Capital's current management team has 15 years of collective real estate experience and currently managing 12 centers with a combined value of more than $75 million in assets. Additional information on River City Capital can be found at www.rivercitycapital.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
Connect with us
