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Developer Crowns AvidInvoice as Best in Class for AP Automation
Charlotte, NC (January 18, 2008) - Crown Realty and Development 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 Crown Realty and Development
Founded in 1985, Crown Realty and Development has established itself as leader in creating and adding value through development, redevelopment and progressive management of real estate. This is accomplished through a process of substantial capital, a keen sense for value creation, and an ability to attract a quality tenant base and steady cash flow. Headquartered in Irvine, Crown is focused on Southern California and its current portfolio exceeds two million square feet of active office and retail development projects in Burbank, West Los Angeles, and Orange County. Mirroring this L.A. Basin-wide presence, Crown has offices in Beverly Hills, Burbank, West Los Angeles, and Orange County. The total portfolio of properties owned by Crown or its affiliates is in excess of $600 million, all of which was either developed or repositioned internally. Additional information on Crown can be found at www.crowndev.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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