Yardi PAYplus is a full-service, automated invoice processing solution that eliminates the costly, manual methods of traditional accounts payable. Real estate companies leverage the PAYplus technology and team of service professionals to streamline the process of receiving, scanning, coding, and approving invoices. PAYplus works with all leading property management systems, and provides two-way synchronization so you can work more efficiently.
Many of the most respected real estate companies in the world, including AMB, CB Richard Ellis, Jones Lang LaSalle, UBS Warburg, Glenborough Realty Trust, Thor Equities, and Urban America rely on PAYplus to significantly improve the operational performance of their organizations, dramatically reduce costs, and increase productivity by establishing a consistent, controllable process for managing A/P.
PAYplus extends the invoice review and approval process online to your field personnel, without the hassle, delay, or cost of handling paper invoices.
Reduces invoice processing costs over 30% and cuts costs per transaction
Eliminates duplicate payments to single invoices
Provides robust approval workflow options to support dynamic process requirements
Automates initiation of invoice approval workflow and retains recurring invoice GL coding
Eliminates paper copying, mailing, and storage costs
Provides two-way synchronization with CTI, JD Edwards, MRI, and others
Supports electronic and paper invoices with self-scanning or full service options
Provides SAS-70 Certified facilities and Sarbanes-Oxley compliant process
Ensures 100% compatibility with all of your vendors
Full-Service Invoice Processing
By centralizing and automating the accounts payable process, Yardi PAYplus removes the burden of receiving and entering the piles of invoices received each month by field and back office personnel.
Invoices are scanned at a secure Yardi processing center, and are automatically routed through the approval workflow as electronic payables. Approval personnel receive email alerts, then log in to their review dashboard to code and approve each invoice. The dashboard facilitates easy drill-down to transaction data.
PAYplus frees up office resources, significantly lowers invoice processing costs, and reduces errors by eliminating manual invoice processing, including redundant data entry.
With a single, centralized, electronic A/P system, you gain portfolio-wide oversight of operational spend, which facilitates standardization of processes and promotes more profitable executive decision making.
Improved Cash Management
Approved invoices are paid via EFT or check. Because invoice processing is accelerated through automation, PAYplus enables you to avoid late fees and take advantage of early-pay discounts.