Property owners and managers gain access to products and services from The Home Depot while streamlining accounts payable processes with Yardi Procure to Pay
SANTA BARBARA, CALIF., Aug. 26, 2014 – Yardi® clients can now easily access thousands of The Home Depot® products either in store or online with a click of a button via the online procurement system offered with Yardi Procure to Pay™, a fully automated end-to-end procurement and invoice processing platform. The Home Depot has set the standard for innovative merchandise for both the do-it-yourselfer and the professional contractor and its global customer base also encompasses commercial and multifamily property owners and managers.
The Yardi Procure to Pay system enables The Home Depot purchase orders and invoices to flow through an automated, customized online approval workflow, giving property owners and managers insight into all purchases and ensuring complete purchasing compliance. For clients currently using Yardi PAYscan™, access to The Home Depot catalog is available at no additional cost and no implementation is required.
In addition to online purchasing, registered clients can also walk into any of The Home Depot’s nearly 2,000 locations in the U.S. to make in-store purchases. Those purchases automatically update online purchase orders and are invoiced through Yardi Procure to Pay.
“We are thrilled about our new business relationship with Yardi. Property managers now have a compliant ordering solution with the option of selecting same-day, in-store pickup or even delivery from The Home Depot,” said J.T. Rieves, vice president of The Home Depot Pro Business. “The Home Depot will leverage its thousands of U.S. locations, vast distribution network and outside sales team to become a strategic supplier of maintenance, repair and operating supplies and building materials for our very important property management customers.”
“The Home Depot’s impressive catalog of products and resources is a major addition to our national network of partners, and further expands Yardi Procure to Pay to be a true one-stop solution for MRO supplies with fully automated accounts payable,” said Terri Dowen, senior vice president of sales for Yardi. “The Home Depot is widely used in our industry, so automating the procurement process and providing spend management for purchasing at The Home Depot will be of tremendous value to our clients.”
About The Home Depot
The Home Depot® is the world’s largest home improvement specialty retailer, with 2,264 retail stores in all 50 U.S. states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico. In fiscal 2013, The Home Depot had sales of $78.8 billion and earnings of $5.4 billion. The company employs more than 300,000 associates. The Home Depot’s stock is traded on the New York Stock Exchange (NYSE: HD) and is included in the Dow Jones industrial average and Standard & Poor’s 500 index. For more information, visit www.homedepot.com.
Now in its fourth decade, Yardi® is committed to the design, development and support of software for real estate investment management and property management. With the Yardi Multifamily Suite™, Yardi Commercial Suite™, Yardi Investment Suite™ and Yardi Orion™ Business Intelligence, the Yardi Voyager® platform is a complete real estate management solution. It includes operations, accounting and ancillary processes and services with portfolio-wide business intelligence and platform-wide mobility. Yardi is based in Santa Barbara, Calif., and serves clients worldwide from offices in North America, Asia, Australia, Europe and the Middle East. For more information, visit www.yardi.com.