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Boutique Hotel and Residential Developer Demolishes Paper AP Process
Charlotte, NC (August 20, 2008) - Novare Group 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 Novare Group
Founded in 1992, Novare Group is a leading developer of cutting-edge, mixed-use high-rise communities in U.S. urban markets. Novare Group has completed more than 6,000 condominium homes and currently has more than 1,300 condominium homes under construction. The company has also developed or acquired more than 1.4 million square feet of office space and 400,000 square feet of retail space. In 2006 Novare launched TWELVE Hotels & Residences, which pairs boutique hotels with attainably-priced condominium residences. In each of its endeavors, Novare Group focuses on creating great urban experiences. Additional information on Novare Group can be found at www.novaregroup.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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