Real estate procurement may not be the most glamorous aspect of the business, but it’s an essential ingredient of well-run properties and managing it well is essential to seamless budget planning for any property management firm. Yardi Systems subsidiary SiteStuff, based in Austin, Texas and  headed up by Vice President and General Manager Nick Davis, is the one-stop shop for over 6,000  properties that are purchasing all of their maintenance, repair and operations supplies – and are benefitting from the convenience of receiving just one invoice, rather than negotiating and financially settling with multiple vendors. We talked to Nick about forthcoming developments in the procurement arena.  What’s the latest procurement trend? What we are finding more and more nowadays is the executives and managers desire to get ahead of the spend, to have visibility into the spend, to see what they’re buying, how frequently they’re buying it, and why they’re buying it. Whereas in the old days a product manager might have walked down to the local hardware store and bought a case of light bulbs, nowadays a purchase order will be raised, that purchase order will be checked against a budget and then approved, and the products will be purchased against the contracted price. The trend is to analyze the spend, compare it to budgets, and cut out what we call “maverick spend,” which is spending outside of agreed contracts, and to generally provide a more efficient process that includes budget checking and approvals, purchasing at contracted prices and invoice presentment and payment all in one seamless efficient platform. Can you give us an update on Procure-to-Pay? Our clients have come to us and said: We would like the Procurement process and the  Payment process to be one combined process on a single...