Nexus Waives Fees to Help Real Estate Companies Enable Business Continuity
Customers can use the NexusConnect online portal to receive invoices electronically, while providing suppliers with guaranteed invoice delivery.
FALLS CHURCH, Va., March 23, 2020 /PRNewswire-PRWeb/ -- Nexus, a leader in procure-to-pay software for the real estate industry, is making it easier for real estate companies to continue business operations amidst work-from-home policies.
Nexus is waiving the software implementation fee for its NexusConnect online portal, where every supplier – from the HVAC company to the plumber - can submit invoices electronically for immediate delivery to their customers using the NexusPayables AP automation platform.
"Given the current business and societal challenges, we wanted to make it easier for our multi-family and commercial real estate customers to process invoices safely and avoid trips into the office. We also wanted suppliers to sleep easier knowing their invoices are being received and that they can get paid," said Tom Coolidge, Nexus CEO.
With NexusConnect, suppliers can upload their invoice, add a few notes, and send it directly to their customers' account in NexusPayables – for no cost. The invoice is there in near real-time. They can also use the NexusConnect portal to see whether their invoice is approved, paid, rejected, or on hold.
Nexus customers, meanwhile, can approve/reject the invoice in their NexusPayables software - all with a few clicks – and then route the invoice electronically for approval.
"Many real estate AP Departments are still using a physical address to receive invoices. And at least one employee has to collect the mail, open the invoices, and then upload them. By using NexusConnect with NexusPayables together, employees can keep the lights on at all their properties, without ever stepping foot in the office."
At the same time, suppliers benefit from using NexusConnect because they get peace of mind that their invoice is received and not languishing in the mail or sitting on top of someone's unmanned desk, he added.
Unlike other industries, real estate companies often receive thousands of invoices each month. They also do business with anywhere from 2,500 to 28,000 suppliers, ranging in size from one-person landscaping firms to Fortune 500 companies, according to Nexus data.
To make sure suppliers are who they say they are, Nexus validates suppliers' identities before they can even register for NexusConnect. Nexus automatically validates company name, TIN number, address and contact information. Should a supplier's information not match up, a warning message pops up on the screen for both the supplier and buyer.
One in five of the world's largest real estate companies use the Nexus AP automation platform to automate accounts payable and control their spend.
"These are unprecedented times. Everyone - everywhere - is struggling with business continuity, new work-from-home strategies, and making sure all the bills get paid. We wanted to help, and make everything easier for our customers," Coolidge said.
About Nexus
With Nexus Procure-to-Pay software, real estate companies can manage every aspect of the accounts payable process – from purchase through payments – with just a few clicks. The web-based platform automates manual AP tasks and provides complete visibility into suppliers, budgets, and spend. No more paper, wasted time, nor guesswork. Nexus makes it easy to maintain and expand the supplier relationships at the heart of the real estate business. Visit http://www.Nexussystems.com.
SOURCE Nexus
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