Berkshire Property Advisors Selects OpsTechnology to Manage Procurement, Purchasing and Payables
San Francisco, California - Aug 10, 2007 — OpsTechnology (www.opstechnology.com) today announced that Boston-based Berkshire Property Advisors (www.berkshireapartments.com), has selected its OpsBuyer system to automate purchasing, payables and procurement functions at more than 75 multifamily communities in 10 states.Dan Robertson, Vice President of IS at Berkshire, says, “We not only needed a tool to manage our payables process, but we also needed the full functionality of an eProcurement system that would allow us complete visibility and compliance for our national purchasing program. This will allow us to reduce the total number of vendors being used and will strengthen our relationships with national and regional vendors leading to higher volume discounts and more disciplined spending. OpsBuyer was the only tool that offered both elements, and we see this as an important part of our strategy to make our operations even more efficient. The OpsTechnology catalog and vendor integrations service manages all of our catalog information and supports direct integrations with our current Suppliers so that we can focus on our core business of property management.”
Sukhi Singh, Co-Founder and Chief Operating Officer of OpsTechnology, said, “Berkshire is another example of how property management firms of all sizes are adopting solutions to automate the manual processes surrounding the payables and procurement process. Operating expense controls and efficiencies are critical to property operations, from increasing compliance to purchasing contracts to eliminating the paper associated with invoices, Berkshire’s selection of our solution is a testament to the value we have delivered for our clients to date.”
As the leading provider of operating expense management solutions to the real estate industry, OpsTechnology’s solutions are tailored to the needs of REITs, private management companies and small local operators. In addition, OpsTechnology also provides outsourced accounts payables processing to its clients. Currently, thousands of users processing billions of dollars of expenses are using solutions to collaborate with both internal employees and third party partners including GE Appliances, Home Depot Supply, Interline Brands, Office Depot and many others.
About OpsTechnology
OpsTechnology develops software that saves money for real estate operating companies by improving their ability to manage and standardize Procurement, Purchasing and Payables functions. Founded in 1999 by real estate and technology industry experts, the company is backed by real estate operating companies and VC firms including SAP Ventures, Vortex Partners, Cohen & Steers, Equity Residential, and Camden Property Trust. For more information, visit www.opstechnology.com.
About Berkshire
Berkshire Property Advisors, L.L.C. - one of the nation’s most experienced multifamily real estate investors and managers is responsible for the property management of its multifamily portfolio which includes Berkshire Income Realty, Inc, an $800 million multifamily REIT and the Berkshire Multifamily Value Fund, L.P. which is expected to be a $1.2 billion multifamily portfolio when fully invested.