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AP Automation Helps Boutique Real Estate Firm Further Distinguish Itself
Charlotte, NC (June 18, 2008) - Prescott Realty 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 Prescott Realty Group
Prescott Realty Group, headquartered in Dallas, Texas, is an investment company that focuses on real estate performance. Drawing on twenty years of experience, policies and procedures, they identify and resolve the critical issues that increase asset values and investment returns. Prescott retains control over the key aspects of the business related to acquisition underwriting, due diligence, leasing and management. Prescott's current commercial portfolio consists of 1.6 million square feet of managed space with 700 lease transactions and 450 broker transactions. The residential portfolio includes over 1,300 condominiums, townhomes and multi-family units along with 16 luxury single family homes and 97 luxury high rise condominiums. Additional information on Prescott Realty Group can be found at www.prescottrealtygroup.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 125 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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