Alliance Residential Management Selects OpsTechnology to Manage Procurement, Purchasing and Payables.SAN FRANCISCO San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden -- OpsTechnology (www.opstechnology.com), the leading provider of on-demand systems that enable real-estate operating companies operating company A business that engages in transactions with outsiders. to automate their purchasing, payables and procurement functions, today announced that Alliance Residential Management (www.allianceresidential.com) is now deploying its OpsBuyer Enterprise and OpsInvoice Processing Solutions. Houston-based Alliance is one of the largest operators of multifamily communities in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. with more than 45,000 apartment homes in over 150 communities throughout the United States. Chris Finetto, Vice President of Business Services at Alliance, says that, "We needed to increase visibility into our buying behavior so that we could better manage maverick spending and implement better controls over our purchasing and invoice processing. We decided to work with OpsTechnology because it was really the only solution developed that incorporated a pre-built network of our suppliers as well as a centralized cen·tral·ize v. cen·tral·ized, cen·tral·iz·ing, cen·tral·iz·es v.tr. 1. To draw into or toward a center; consolidate. 2. invoice processing solution. Their long-standing relationship with several of our peers in the multifamily industry was also extremely important to us." Alliance Residential Management is in the process of deploying the OpsBuyer and OpsInvoice solutions throughout the multifamily portfolio. Once deployed, the new paperless system will provide end-to-end visibility and controls on all aspects of the purchasing and invoice management process. The final solution will include purchase order and invoice management, electronic procurement, budget reporting, automated approval workflow, online access to the company's preferred suppliers, content rich catalog content, invoice document management, vendor management and integration with the company's JDEdwards AP/GL system, which will ultimately create a paperless environment for the purchasing and payables processes within Alliance. Sukhi Singh, Founder and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of OpsTechnology, said, "The fact that yet another one of the largest property management companies has chosen OpsTechnology to streamline their current payables and purchasing process Purchasing Purchasing is the formal process of buying goods and services. The Purchasing Process can vary from one organization to another but there are some key elements that are common throughout The process usually starts with a 'Demand' or requirements is a testament to the value our solution delivers to the multifamily industry. The same way that property management solutions have helped customers manage revenue, OpsTechnology provides solutions to manage the entire purchasing and payables process." As the leading provider of spend-management solutions to the real estate industry, OpsTechnology's solutions are tailored to the needs of large REITs, private management companies and small local operators. In addition, OpsTechnology also provides outsourced payables processing services to its clients. Currently, thousands of users processing billions of dollars of expenses are using solutions to collaborate with both internal employees and third party partners including GE Appliances, Home Depot The Home Depot (NYSE: HD) is an American retailer of home improvement and construction products and services. Headquartered in Vinings, just outside Atlanta in unincorporated Cobb County, Georgia, Home Depot employs more than 355,000 people and operates 2,164 big-box Supply, Interline in·ter·line 1 tr.v. in·ter·lined, in·ter·lin·ing, in·ter·lines To insert between printed or written lines. in Brands, Office Depot Office Depot (NYSE: ODP) is one of the world's leading suppliers of office products and services. The Company's selection of brand name office supplies includes business machines, computers, computer software and office furniture, while its business services encompass copying, and many others. About OpsTechnology OpsTechnology develops software that saves money for real estate operating companies by improving their ability to manage and standardize Procurement, Purchasing and Payables functions. Founded in 1999 by real estate and technology industry experts, the company is backed by real estate operating companies and VC firms including SAP Ventures, Vortex Partners, Cohen cohen or kohen (Hebrew: “priest”) Jewish priest descended from Zadok (a descendant of Aaron), priest at the First Temple of Jerusalem. The biblical priesthood was hereditary and male. & Steers, Equity Residential, and Camden Property Trust. For more information, visit www.opstechnology.com. |
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