(August 7, 2008) — Velocity, a leading provider of resident utility billing and invoice processing services for the multifamily industry, today announced the availability of new, industry-leading convenience in its Velocity Invoice Processing Service customer dashboard.
“Our customers have come to expect the reliability and convenience of outsourcing their utility invoice processing to Velocity. Customers who use our invoice processing services have access to an online dashboard interface that shows the summary of their daily accounts payable batch uploads. A click on any batch entry provides drill-down capability and scanned invoice images. Velocity now also provides that same careful treatment to account notices. We’re pleased to be able to provide this extra level of service to our customers,” stated Ashley Glover, president, Velocity.
Velocity’s Invoice Processing dashboard now consists of:
- Outstanding Invoices – shows any invoices expected but not yet received, which allows Velocity to follow up with vendors to ensure invoices are accounted for in a timely manner.
- A/P Extract – shows daily invoice totals, highlighting items that need to be paid quickly. E-mail alerts escalate issues that need immediate attention to the right personnel.
- Vendor Notices – provides high-level visibility for any type of notice. This is especially important for disconnect and late notices. Additionally, account history drill-down capability makes it easy to view and understand what actions have already been taken on an item.
“It’s so convenient to have all of this information in a single place,” stated Chris Smurda, vice president of accounting operations, Lion Gables Realty. “Not only does it save us time sorting through mailed notices but also saves us unnecessary expenses and hassle by being on top of things.”
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Velocity is the fastest growing resident utility billing and invoice processing company in the multifamily industry. Serving more than 2,000 multifamily communities in the United States, Velocity’s innovative approach leverages technology and property management system integration to reduce work at the site and increase property revenues. The Velocity product line includes resident converged and utility billing with built-in compliance and comprehensive reports and auditing; utility invoice processing for accurate, timely handling, rate and consumption monitoring, streamlined payment approvals, and comprehensive reporting; and utility submetering with end-to-end meter installation, maintenance, and servicing. For more information, visit https://www.realpage.com/utility-management/expense-management/.
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, and student housing 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 and billing services that accelerate payments for resident charges and LeasingDesk™ point of lease systems that streamline the leasing process. For more information, please call 1-87-REALPAGE or visit www.realpage.com.