Integration of New Accounts Payable/Payment Automation SolutionsX

mem property management, a leading property management company in Jersey City, New Jersey recently announced the integration of new cloud-based accounts payable and payment automation solutions to accelerate invoice processing to provide lower costs and enable better internal cash management.

mem property management recently partnered with AvidXchange, an industry leader in automating invoice and payment processes for midmarket companies.

“AvidXchange revolutionizes the way companies pay their bills,” explains mem property management founder and CEO Martin Laderman, “in selecting AvidXchange, we were able to find a payment solution that was flexible enough to work with our existing accounting system and current banking relationship.”

mem property management Hudson County new Accounts Payable and Payment Automation systems support Electronic Invoice Capture from vendors, a rule-based routing system to streamline Invoice Approval Workflow processes and approvals, Invoice and Bill Payment Reporting, Accounting Systems Integration, Automated Bill Payment and more.

For over twenty-five years mem property management has been providing New Jersey’s top associations and residential communities with a range of services including: vendor management and contractor supervision; building inspections and maintenance needs analysis; financial management and association budget preparation and review; and day to day management and oversight. mem property management of Jersey City  is also recognized as an industry leader for embracing new technology to better serve their communitie.

“Our new software as a service (SaaS) Accounts Payable and Payment Automation platform from AvidXchange will help mem property management create efficiencies in our Accounts Payable department and provide an improved payment experience for our vendors,” says Laderman, “we believe that cloud-based accounting and payment management services will allow our company to move faster and more effectively than our competitors and maintain our position as the leading property management company in New Jersey.”