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Senior Living Management Firm Sunsets Manual AP Process
Charlotte, NC (March 17, 2008) - Watermark Retirement Communities 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 Watermark Retirement Communities
Watermark Retirement Communities, headquartered in Tucson, Arizona, is built on more than 20 years of experience in the senior living industry. Watermark Retirement Communities owns and manages seven retirement communities, most of them located on the east coast. The company is retained by banks, institutional investors and private investors in a variety of situations, including start-up, turnaround, takeover, comanagement and the audit of existing management practices. Additional information on Watermark Retirement Communities can be found at www.watermarkcommunities.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 120 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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