Red Stone Properties

Real Estate Company Enhances AP and Supplier Satisfaction

Industry

Real Estate

Company Size

20

Accounting System

RealPage

About Red Stone Properties

HH Red Stone is a fast-growing property management business with a portfolio of off-campus student housing near top-ranked universities with large student populations. Offering upscale amenities and high-quality finishes, HH Red Stone is dedicated to giving students a safe and comfortable place to call home.

Ella Hu is a corporate accountant at HH Red Stone, working alongside accountants who handle the finances for the company’s 17 properties across the United States. She is committed to making operational improvements within her department to help streamline processes and increase efficiency.

Ella Hu sitting at her desk smiling.

The Challenge

Paper-based practices slow invoice and payment processing, resulting in payment delays which strained supplier relationships.

The Solution

The AvidXchange invoice-to-pay automation solution helped streamline accounting tasks.

The Results

H Red Stone improved payment processing speed by 64%, reduced payment processing errors by 85%, boosted supplier satisfaction scores by 30%, and saved $45,000 annually in late fees.

"AvidXchange offers a great product that makes our team happy. Our suppliers are paid on time, so they’re happy. And they’re providing services for our tenants, which makes them happy."