Berkshire Property Advisors Selects OpsTechnology to Manage Procurement, Purchasing and Payables.Boston Company Selects Best-of-Breed Spend Management Solution to Replace Current Onsite Purchasing System 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) today announced that Boston-based Berkshire Property Advisors (www.berkshireapartments.com), has selected its OpsBuyer system to automate purchasing, payables and procurement functions at more than 75 multifamily communities in 10 states. Dan Robertson, Vice President of IS at Berkshire, says, "We not only needed a tool to manage our payables process, but we also needed the full functionality of an eProcurement system that would allow us complete visibility and compliance for our national purchasing program. This will allow us to reduce the total number of vendors being used and will strengthen our relationships with national and regional vendors leading to higher volume discounts and more disciplined spending. OpsBuyer was the only tool that offered both elements, and we see this as an important part of our strategy to make our operations even more efficient. The OpsTechnology catalog and vendor integrations service manages all of our catalog information and supports direct integrations with our current Suppliers so that we can focus on our core business of property management." Sukhi Singh, Co-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, "Berkshire is another example of how property management firms of all sizes are adopting solutions to automate the manual processes surrounding the payables and procurement process. Operating expense Operating Expense The essential things that a company must purchase in order to maintain business. Notes: For example, the payment of employees wages are an operating expense. Also known as OPEX. controls and efficiencies are critical to property operations, from increasing compliance to purchasing contracts to eliminating the paper associated with invoices, Berkshire's selection of our solution is a testament to the value we have delivered for our clients to date." As the leading provider of operating expense management solutions to the real estate industry, OpsTechnology's solutions are tailored to the needs of REITs, private management companies and small local operators. In addition, OpsTechnology also provides outsourced accounts payables processing 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. About Berkshire Berkshire Property Advisors, L.L.C. - one of the nation's most experienced multifamily real estate investors A real estate investor is someone who actively or passively invests in real estate. An active investor may buy a property, make repairs and/or improvements to the property, and sell it later for a profit. and managers is responsible for the property management of its multifamily portfolio which includes Berkshire Income Realty, Inc, an $800 million multifamily REIT REIT See: Real Estate Investment Trust REIT See real estate investment trust (REIT). and the Berkshire Multifamily Value Fund, L.P. which is expected to be a $1.2 billion multifamily portfolio when fully invested. |
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