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Medical REIT Receives Healthy, Paperless Prognosis With AvidInvoice
Charlotte, NC (January 2, 2008) - Healthcare Realty Trust 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 Healthcare Realty Trust
Founded in 1992, Healthcare Realty Trust, headquartered in Nashville, Tennessee, is listed on the New York Stock Exchange (HR), is a real estate investment trust ("REIT") that integrates owning, managing and developing properties associated with the delivery of outpatient healthcare services throughout the country. As of September 30, 2007, Healthcare Realty Trust's real estate portfolio was comprised of six different facility types, located in 24 states, totaling approximately 10.6 million square feet. The Company's investments totaled approximately $1.7 billion in 177 real estate properties and mortgages, excluding assets classified as held for sale and including investments in three unconsolidated limited liability companies. Additional information on Healthcare Realty Trust can be located at www.healthcarerealty.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. More than 30 public REITs and over 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%. Additional information on AvidXchange can be located at www.avidxchange.com.
For Immediate Release Contact:
Michael Praeger
mpraeger@avidxchange.com
704.971.8101
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