(April 15, 2009) — OpsTechnology, the multifamily industry’s leading provider of on-demand spend management systems, today announced that MyNewPlace, the third largest apartment Internet Listing Service, with more than 6 million apartment listings nationwide, has joined the OpsTechnology Supplier Community to enable eBilling for its customers. With the OpsTechnology invoice management solution customers will receive eBills from MyNewPlace, eliminating the paper handling associated with invoice processing to improve accuracy, and save money and time.
“We were immediately excited at how it expedites the pay cycle,” said Kenneth Cluff, vice president of technology and co-founder of MyNewPlace. “With this solution, we send one electronic file directly to OpsTechnology. The system routes the invoices to each property which guarantees that they don’t get ‘lost in the mail.’ Our customer can quickly approve the invoice online and transmit it on to their accounting system for payment.”
MyNewPlace already has five key clients on the system, representing more than 300 sites, and anticipates this number to quickly grow. “OpsTechnology is very user-friendly,” Cluff added. “The set up was quick and easy; in less than one week we were up and running and fully integrated with our accounting system. And since OpsTechnology integrates with all the leading property management systems, we don’t have to maintain a separate integration for each of our customers.”
MyNewPlace customers benefit from the solution as well. Because the invoices are electronic, they can be reviewed and approved online; eliminating hours of clerical work for data entry and paper routing, and ensuring accuracy and budget integration.
“MyNewPlace is our first Internet Listing Service client, and we are working with them to continue to streamline operations for their business and for their customers,” said Sukhi Singh, president of
OpsTechnology, a wholly-owned subsidiary of RealPage. “Their enthusiasm and recognition of
the benefits of eInvoicing is a testatment for their dedication to improving the customer experience. This solution will save MyNewPlace considerable time and money every month, because of the sheer volume of invoices they process.”
The OpsTechnology supplier community gives product and service suppliers access to thousands of multifamily properties and allows them to interact online through an on-demand web solution. The community includes hundreds of national, regional and local product and service suppliers such as, HD Supply, G.E., Whirlpool, OfficeMax, and Redi Carpet, across all categories from hardware to temporary staffing.
To schedule an interview with a RealPage executive, please contact Karen Dodge at karen.dodge@realpage.com or (972) 820-3718.
About RealPage
Located in Carrollton, Texas, a suburb of Dallas, RealPage provides products and services to more than 20,000 apartment communities across the United States. Its six on-demand product lines include OneSite© property management systems that automate the leasing, renting, management, and accounting of conventional, affordable, tax credit, student housing, and military properties; CrossFire© sales and marketing systems that boost occupancy and build retention; YieldStar© asset optimization systems that maximize asset valuation and investment return; Velocity™ utility management systems that accelerate payments for resident charges; LeasingDesk© risk mitigation systems that reduce a community’s exposure to risk and liability; and OpsTechnology™ spend management systems that help owners manage and reduce operating expenses. For more information, call 1-87-REALPAGE or visit www.realpage.com.
About MyNewPlace
MyNewPlace is a nationwide apartment and home rental site where consumers can efficiently search through over six million rentals to find the perfect place to live. The award winning site combines extensive and up-to-date property information, including photos and videos, with advanced mapping and other functionality. The company provides the multifamily marketing professional with the most innovative and cost-effective tools to fill their vacancies. From MyNewPlace.com: the industry’s fastest growing Internet Listing Service for apartment search, to MyNewSite: the industry’s most cost-effective website solution, MyNewPlace puts the best tools in the hands of owners and managers to help market their apartments for rent. Headquartered in San Francisco, CA, MyNewPlace was founded in 2005 by John Helm, the founding CEO of AllApartments/SpringStreet, which became the number one apartment rental and relocation site on the Internet before its sale to Homestore in 1999. For more information, visit http://www.mynewplace.com.