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California RE Leader Contracts AvidXchange to Restructure Process
Charlotte, NC (July 31, 2009) - Birtcher Anderson Realty, LLC has selected AvidInvoice, AvidXchange's flagship product, as its solutions provider for payables management and to serve as the system of record for 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 Birtcher Anderson Realty
Founded in 1939, Birtcher Family of Companies emerged as a leading Southern California regional construction and real estate investment firm. In 1981 Birtcher evolved into a national real estate construction, development and management service company. It also created and marketed in excess of $200 million of public limited partnerships for real estate investment and formed a substantial pension advisory fund with Smith Barney. This activity resulted in Birtcher broadening the scope of its asset and property management business to encompass more than 20 million square feet and instituting a new profit center responsible for portfolio purchase and disposition for its own account as well as for third parties. In 2004, Birtcher Anderson Realty, LLC, an investment entity was formed by industry veterans Arthur Birtcher and Bob Anderson to focus solely on commercial real estate investment and development. As of 2006, Birtcher Anderson had more than $200 million of transactions in acquisition, development and disposition. Additional information on Birtcher Anderson Realty, LLC can be found at www.birtcheranderson.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 160 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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