CHICAGO-One fallacy of the current dotcom implosion, AvidXchange co-founder and CEO David Miller says, is that “some people wonder if the Internet matters anymore.” However, just as clicks failed to take the bricks out of real estate, computers are likely to continue to grow in practical usage by those in the business, be they brokers, leasing agents, property managers, or financiers.

Miller's Charlotte, NC-based company develops software with commercial and multifamily real estate applications, making the procurement and bidding processes more efficient. Joining Miller at a recent Real Estate Investment Association forum was Dale Vanderlaan, co-founder and president of Realogic, whose firm's core business is software that makes the lease abstract process more efficient, as well as reducing the time clients spend on due diligence.

“In applications like this, we stop the madness,” Vanderlaan says.