News
Hoosier Real Estate Firm Calls Foul on Paper-Based AP Process
Charlotte, NC (June 23, 2008) - REI Real Estate Services, LLC has selected AvidXchange and Intuit Real Estate Solutions (IRES/MRI) for their back-office platform. AvidInvoice for MRI is a web-based paperless invoice management system designed to automate the way companies manage accounts payable documents. This module provides finance executives and AP managers with enforceable controls, powerful reporting and added "visibility" to all documents in their organization while providing invoice "approvers" with features that make it easier to apply accounting codes and approve or dispute invoices.
About REI Real Estate Services, LLC
Founded in the late 1970s, REI Real Estate Services, LLC, headquartered in Indianapolis, Indiana, is a real estate services company with interests in more than 1.5 million square feet of office space and operations in nearly 3.6 million square feet in the Indianapolis area alone. REI has decades of experience working on major development and construction projects across the nation as well as a full range of real estate services to local, regional and national clients. Additional information on REI Real Estate Services can be found at www.reires.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 30 public REITs and over 130 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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