Case Study: Vestar achieves streamlined AP automation and major efficiency gains with MRI Software and AvidXchange

Vestar Automates Complex AP Processes with AvidXchange and MRI Software

Vestar is a development and property management company focused on retail properties, and its AP team faced a complex, manual invoice process that involved scanning and uploading invoices across owned, joint-venture, and third-party managed properties. As the company’s AP leadership shifted in 2018, Vestar set out to automate this work and turned to MRI Software, using MRI Vendor Pay (MVP) powered by AvidXchange.

MRI Software helped Vestar implement an embedded AP automation solution that eliminated much of the manual invoice handling and consolidated proof-of-payment information across systems and banks. The results were significant: Vestar reduced its full-time AP staff from three to one, saved many hours per month, improved efficiency, and lowered errors while maintaining smooth operations even during COVID-19.

Vestar

Vonavie Leonard

Accounting Systems Manager