Press Releases
United
Dominion Realty Trust Completes Portfolio Wide Rollout
of OpsTechnology's OpsBuyer™ Solution.
UDRT Touts Benefits of OpsBuyer? and
Rapid Return on Initial Investment
San Francisco, Calif.- April 1, 2003- United
Dominion Realty Trust, a publicly traded real estate
investment trust based in Richmond, Virginia, and OpsTechnology,
a real estate based technology company based in San
Francisco, Ca recently announced the successful completion
of the property and corporate level rollout plan for
OpsTechnology's spend management solution, OpsBuyer™
to it's portfolio of 75,792 apartment homes.
OpsBuyer™
Enterprise is a spend management solution specifically
designed for the multifamily industry, encompassing
electronic budget control, invoice and purchase order
management, customized spending controls and purchasing/business
rules and a fully integrated, private catalog based
e-procurement platform.
"We are extremely pleased with the
results of our successful rollout and with our ongoing
relationship with an industry leader like United Dominion
Realty Trust. Immature technology solutions along with
the inability of the application provider to support
deployment and cultural change have been major barriers
to technology acceptance and use in the apartment sector”,
says Rajiv Naidu, Founder, Chairman and CEO. "The
successful deployment and adoption of OpsBuyer™
by United Dominion Realty Trust is a strong validation
of OpsTechnology’s solution and deployment methodology.
We look forward to the economic benefits United Dominion
Realty Trust will experience from using OpsBuyer™.”
"Gaining compliance from the properties
to use preferred suppliers with negotiated prices and
standardized SKUs has historically been very difficult
to manage", says David Houghton, Vice President,
Director of Purchasing and Corporate Services for United
Dominion Realty Trust. "With OpsTechnology's OpsBuyer™,
compliance is built into the process of using the system,
and since it's friendly and useful to the properties,
they use it all the time. It also gives me access to
a huge amount of detailed information that allows me
to better analyze our purchasing activities. Using the
analysis features, I can quickly identify purchasing
trends and spending, so that I can negotiate better
pricing".
Chris Genry, Chief Financial Officer for
United Dominion Realty Trust, has this to say about
the decision to use OpsTechnology's OpsBuyer™
Spend Management Solution. "Our analysis of OpsTechnology's
OpsBuyer™
application shows we will recoup our initial investment
with OpsTechnology within a short period of time.”
About OpsTechnology
OpsTechnology enables the deployment
of Private Trading Networks for buyers and suppliers
across the Real Estate Industry. OpsTechnology licenses
its OpsBuyer™
software solution to Real Estate Owners and Operators
to better manage purchases across their portfolios.
Real Estate Industry Suppliers license the OpsMerchant?
Supplier Solution to integrate seamlessly with all the
OpsBuyer™
Licensees. For more information, visit www.OpsTechnology.com.
About United Dominion Realty
Trust
United Dominion Realty Trust (NYSE:UDR),
founded in 1972, is a leading national apartment company
committed to provide quality apartment homes, uncompromising
service and exceptional value primarily to middle market
residents. The Company acquires, repositions, develops,
owns, manages and selectively sells apartment communities
nationwide. United Dominion Realty Trust owns approximately
76,000 apartment homes. For more information, please
visit www.udrt.com.
Media Contact:
OpsTechnology, Inc.
Sukhi Singh, 415.222.6992
Email: ssingh@opstechnology.com
Web site: www.Opstechnology.com
