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People-Centric Firm Enthusiastically Embraces AP Transformation

Charlotte, NC (August 26, 2008) - McWhinney Real Estate Services 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 McWhinney Real Estate Services

McWhinney Real Estate Services is a team of talented people who are passionate about creating great places for people and providing fabled?experiences to its customers. As its primary industry, McWhinney develops vibrant master-planned communities designed for every aspect of life. Centerra, the company's 3,000-acre master-planned community in Loveland, Colorado, embodies its purpose of creating great places for people. Products include office, industrial and medical buildings, residential apartments, condominiums and homes, lifestyle shopping centers, restaurants and hotels. With each project, the McWhinney team integrates regional architecture, manicured, low-water landscaping, community gathering places and natural areas with the building's design. Additional information on McWhinney Real Estate Services can be found at www.mcwhinney.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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