|
|
|
Company News
Press Releases
OpsTechnology to Manage Procurement, Purchasing and Payables for IMT Residential
San Francisco, California - June 12, 2007 --
OpsTechnology (www.opstechnology.com), the leading provider of on-demand systems that enable real-estate operating companies to automate their purchasing, payables and procurement functions, today announced that IMT Residential (www.imtreg.com), is the latest customer of its OpsBuyer Enterprise and OpsInvoice Processing Solutions. IMT operates 45 residential properties, representing more than 16,000 units in four U.S. states.
�We were using a traditional software solution to manage these parts of our business, but we really wanted to move to a completely paperless system,� says IMT Residential Vice President Joseph Elhabr. �Within the next three months all of our properties� procurement and payables activities will be facilitated through OpsBuyer. In addition, our internal accounts payable group will be leveraging the OpsInvoice Processing Solutions to process all incoming and outgoing payables virtually paperless. OpsBuyer gives us the ability to manage all procurement and payables electronically and, their catalogue system allows us to reach new economies of scale.�
Sukhi Singh, Founder and Chief Operating Officer of OpsTechnology, said, �We are pleased to have yet another Real Estate Operator leverage our solutions to streamline the cumbersome payables and purchasing process that plagues most companies today. Our solutions will drive a tremendous amount of time and cost savings throughout the IMT Residential portfolio, from the maintenance technicians to the executive management team.�
As the leading provider of spend-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 finance and accounting 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 Supply, Interline Brands, Office Depot 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 & Steers, Equity Residential, and Camden Property Trust. For more information, visit www.opstechnology.com.
About IMT Residential
IMT Residential is a Sherman Oaks, California based privately held full-service operator of multi-family residential properties. The company currently manages over 16,000 residential units and 45 properties in four U.S. states. Founded in 1992, IMT Residential has been recognized on the lists of Top 50 multifamily firms nationally by the National Multi-Housing Council (NMHC) and Multi-Family Executive Magazine
Media Contact:
OpsTechnology, Inc.
Sukhi Singh, 415.222.6992
Email: ssingh@opstechnology.com
Web site: www.Opstechnology.com
|
|
