Case Study: Rexcorp Realty achieves faster invoice approvals and 1-day month-end close with AvidXchange

AP Automation Speeds Up Approvals and Month-End Close

RXR Realty, a large New York Tri‑State commercial real estate firm managing more than 100 office properties, was processing over 2,000 paper invoices a month. Paper invoices were routed physically, often lost or delayed, leaving AP with little visibility into outstanding items, frequent vendor inquiries, excessive overtime and a month‑end close pushed well past the 15th.

RXR implemented AvidXchange’s AvidInvoice integrated with their IBS property‑management AP system to receive, route and approve invoices electronically. With tailored workflows (regional managers review only above a threshold, AP reviews once) and online access to invoices, processing time dropped from several weeks to typically under three days, vendors got faster answers, and month‑end close was shortened to a single day.

Rexcorp Realty

Shanna Williams

AP Manager