PAYplus

  • Outsource Invoice Processing

    Yardi PAYplus™ is a full-service, automated invoice processing solution that eliminates the costly, manual methods of traditional accounts payable.

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The PAYplus team of service professionals helps you streamline the process of receiving, scanning, coding, and approving invoices. PAYplus extends the invoice review and approval process online to your field personnel, eliminating the hassle, delay, and cost of handling paper 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 operational performance, dramatically reduce costs, and increase productivity by establishing a consistent, controllable process for managing accounts payable (A/P).

 

Product Highlights

 

  • Full-Service Invoice Processing

    By centralizing and automating the A/P process, PAYplus removes the burden of receiving and entering the piles of invoices received each month by field and back office personnel.

  • Online Review

    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.

  • Lower Costs

    PAYplus significantly lowers invoice processing costs, frees up office resources, and reduces errors by eliminating manual invoice processing, including redundant data entry.

  • Centralized Oversight

    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.

Key Features
  • 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