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New England Based Firm Gains Visibility to Payables Across Portfolio
Charlotte, NC (July 29, 2008) - Waterstone Retail Development 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 Waterstone Retail Development
Waterstone Retail Development is a national real estate development, acquisition, and management company specializing in the creation and repositioning of shopping centers throughout the United States. While 'local' in service, Waterstone is 'national' in scope. Based in New England, Waterstone focuses on grocery-anchored power and non-traditional specialty centers located in the Northeast, Florida, Carolinas, New Jersey, Tennessee, Alabama and other attractive markets throughout America. Their strategy includes ground-up new development, acquiring stabilized assets and purchasing retail centers in need of repositioning/redevelopment. Waterstone 'builds-to-own' and has a long-term-hold strategy with each shopping center in their portfolio. The principals of Waterstone ? Neal Shalom, David De Lise, and Josh Levy ? represent over 50 years of experience and over 40 million square feet of real estate ownership nationwide. Additional information on Waterstone Retail Development can be found at www.waterstoneretail.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 40 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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