Swift Real Estate Partners, founded in 2010 and based in San Francisco, is an independent and vertically integrated real estate investment firm. Focusing on the West Coast, Swift selectively acquires and repositions office and industrial assets.
Time Processing Invoices
“We process more than 1,700 invoices per month, with workflow participants spread across several different locations. Our team was spending a significant amount of time mailing invoices between offices for approvals, then filing paper copies once an invoice was paid. This cumbersome process did not add value to our business and left room for human error in our controls process,” said Rachel Sergi, vice president of finance and accounting for Swift.
Yardi Procure to Pay
Swift adopted Yardi PAYscan, part of the Yardi Procure to Pay procurement, vendor management and electronic invoicing platform, to convert invoices into electronic transactions and automate workflows across the approval process. The online approval workflows, combined with electronic document retention, reduces time Swift spends on initial invoicing as well as later research needs.
More Time to Drive Value
The time savings from Yardi Procure to Pay has helped Swift’s accounts payable and accounts receivable team more than double its output.
“The efficiencies enabled by Procure to Pay let us make the best use of our limited resources and feel confident about our control environment,” Sergi said.