News
Canadian Developer Automates Purchasing and AP with AvidSuite
Charlotte, NC (February 18, 2008) - Canderel has selected AvidXchange and Intuit Real Estate Solutions (IRES/MRI) for their back-office platform. AvidInvoice for MRI is a web-based paperless purchasing and invoice management system designed to automate the way companies manage their front end purchasing process and accounts payable documents. The AvidBuy and AvidInvoice modules provide finance executives and AP managers with enforceable controls, powerful reporting and added "visibility" to all purchasing and invoice documents in their organization while providing invoice "approvers" with features that make it easier to apply accounting codes and approve or dispute invoices.
"We have been using AvidInvoice and AvidBuy for more than two years. The benefit of having an electronic source for purchase orders, accounts payable invoices and backup documentation is fully utilized and appreciated by our staff on a daily basis," stated Bill Rothwell, Vice President at Canderel. "Moreover, the approval process has been streamlined along with the the ability to retrieve or verify the status of invoices without leaving one's desk saves countless hours. In addition, our year end reporting and audit process including retrieval and verification of purchase orders and invoices have been greatly improved."
About Canderel
Founded in 1975, The Canderel Group of Companies, headquartered in Montreal, Quebec, is comprised of several fully integrated commercial real estate companies. Canderel has grown to become one of the most successful real estate development and management organizations in eastern Canada. Canderel is intimately involved in all aspects of commercial property development including land assembly, acquisition, disposal, planning, design, construction, project management, leasing, finance, and property and asset management. Canderel's principal interests are office, commercial, industrial, recreational, and residential development and management in the Montreal, Ottawa, Toronto, Calgary, Edmonton, and Vancouver markets. Additional information on Canderel can be found at www.canderel.com.
About Intuit Real Estate Solutions
Intuit Real Estate Solutions (IRES/MRI) 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 located 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. Over 30 public REITs and 115 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 processing costs by up to 50%. More 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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