Managing Multiple Skills With: Carmelo Milio

President- Carmelo Milio- featured in Westchester Magazine

It takes mastery of multiple skills to succeed in real estate management. Carmelo Milio’s success in the field—and his election as president of the Building and Realty Institute of Westchester and the Mid-Hudson Region (BRI)—indicates he has them all. Milio, 36, also holds a demanding “day job” as president of two companies, Trion Real Estate Management and Trion Holdings, LLC, which invests in multi-family properties. “Every day is different,” says Milio, who lives in Armonk with his wife and two young daughters. “You’re always troubleshooting issues and helping people. There’s a sense of accomplishment when you know you’re improving the quality of life for 1,700 families.”

Those families reside in the 31 buildings Trion manages; they are split between Westchester, New York City, and Dutchess County. Milio entered the real estate business after college. In addition to managing his own buildings, he represents condo and co-op boards, as well as rental properties for other owners, a business he added in 2002.

“It’s a business with many different areas where you need knowledge and experience,” Milio points out. He says necessary skill sets include, among others, accounting, customer relations, and real estate law.

Milio was elected president of the BRI, the largest county real estate organization, earlier this year. Among the 1,500 members are landlords, condo and co-op boards, building managers, builders, and remodelers.

Juggling the interests of landlords, tenants, and condo boards is rewarding, Milio says, but adds: “I take great pride in creating growth for the people who work for me.”

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Trion Real Estate teams up with Avidxchange: A web-based, paperless invoice management system

Trion Real Estate Management has introduced Avidxchange, a web-based paperless invoice management system. They are proud to team up with Avidxchange to help reduce their carbon footprint and increase efficiency for their clients and vendors.

Avidxchange mirrors your existing invoice approval/AP process. Paper invoices are either scanned into an electronic format, or electronically submitted directly into Avidxchange – either through direct data-import or through the Vendor Portal. Invoices are automatically coded, assigned to the appropriate workflow and routed electronically for approval. Once fully approved, invoices flow directly into your accounting system for payment processing.

Avidxchange is a web-based paperless invoice management system designed to automate the way companies manage accounts payable documents. This module provides finance executives and AP managers with enforceable controls, powerful reporting and added “visibility” to all documents in their organization while providing invoice “approvers” with features that make it easier to apply accounting codes and approve or dispute invoices.

Avidxchange key features:

Enforceable Approval Workflow: Clients can create an unlimited number of custom, enforceable workflows to determine how specific invoices are routed to specific users or department for approval.

Automated Account Code Assignments: Clients can leverage auto-coding features for assigning GL and other account codes-including allocation codes and intelligent historical analysis.

Integrated: Avidxchange is integrated to more than 50 accounting systems.

Extensive Reporting: Detailed management reports provide analysis of your accounts payable process and efficiency, including accrual reports, approval cycle-time reports and AP activity reports.

24/7 Visibility Invoices: Clients are able to view pending invoices in real-time. “Anywhere, anytime” access provides users access to a central archive-electronic filing cabinet that contains all AP documents. • Compliant: SSAE 16 Certification and Sarbanes-Oxley 404 compliance for accounts payable.

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