MOORESVILLE, N.C., Dec. 19, 2019 /PRNewswire/ -- Lowe's
Companies Inc. (NYSE: LOW) announced today it has partnered with
Yardi, the largest provider of property and asset management
software in North America, to
offer its users the ability to purchase products from
LowesForPros.com beginning in January
2020.
Having the right technology and partnership in place allows
Lowe's to work with property management professionals who require a
fully automated end-to-end procurement and invoice processing
platform. Yardi users can now login to the platform, select Lowe's
as vendor and add items from LowesForPros.com to their shopping
cart. The order is then approved within the buyer's e-procurement
system and sent to a local Lowe's store for fulfillment. In
addition to online purchasing, customers can make purchases through
the Yardi platform at more than 1,700 U.S. Lowe's stores.
"Our partnership with Yardi demonstrates our continued progress
in making it easier for Pros to grow their businesses with us,"
said Fred Stokes, Lowe's senior vice
president, Pro Sales and Services. "Over the past year, we have
focused on meeting the basic needs of our Pro customers and now we
are investing in new partnerships and improved experiences to
better serve this important customer."
In addition to the partnership with Yardi, Lowe's has expanded
its e-procurement offering to all Pro customers, creating a
seamless shopping experience from purchase to payment. New customer
benefits include the ability to:
- Create custom catalogues to make recurring purchases quick and
easy
- Access purchase history reports for all employees
- Set-up and manage tax-exemptions online
- Access Lowe's Business Account support online and in-store
- Apply customer-specific pricing online
- Purchase contractor pack offers online
- Control spend and help protect against fraud with purchase
approvals
"Yardi works with thousands of client properties whose needs
differ, and our partnership with Lowe's gives our users access to
countless services and products to continue growing their
business," said Akshai Rao, vice
president of Yardi Procure to Pay. "With such a wide selection of
products on LowesForPros.com, clients can find exactly what
they need to get the job done."
About Lowe's
Lowe's Companies, Inc. (NYSE: LOW) is a FORTUNE® 50 home
improvement company serving more than 18 million customers a week
in the United States and
Canada. With fiscal year 2018
sales of $71.3 billion, Lowe's and
its related businesses operate or service more than 2,200 home
improvement and hardware stores and employ approximately 300,000
associates.
About Yardi
Yardi® develops and supports industry-leading investment and
property management software for all types and sizes of real estate
companies. Established in 1984, Yardi is based in Santa Barbara, Calif., and serves clients
worldwide. Learn how property managers use the Yardi Procure to Pay
Suite to optimize the procurement and payment processes across
their properties. For more information on how Yardi is Energized
for Tomorrow, visit yardi.com.
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SOURCE Lowe's Companies, Inc.