Nexus for CRE
Add more buildings – or better manage the ones you already own – without hiring additional AP headcount.
Nexus can be configured to support multiple general ledgers and third-party software systems all at the same time. So if your company goes on a buying spree or steps up the number of invoices it processes each month, you're covered.
See the immediate time and cost savings.
NexusPayables supports an unlimited number of invoice approval workflows that can be based on factors such as:
Nexus will help you set up workflows so the right reviewers are approving invoices and have complete visibility on every step. You'll always know if invoices get bogged down in the process and where. Plus, you can easily change workflows as the business grows.
Receive pre-coded invoices directly in your NexusPayables account. You’ll reduce manual entry, and shave ingestion time in half.
Suppliers enjoy multiple ways to submit invoices and get guaranteed delivery:
Nexus pulls in budgets, actuals, and vendor information directly from your GL, so you can review and approve invoices with the history and perspective you need.
Plus, you can set up automated workflows to route invoices to the next approver based on the invoice amount, over-budget amount, property location, and other criteria. Change workflows whenever you want.
Plus, get an audit trail to see who touched an invoice and when.
Run your reports in seconds.
You can use pre-built reports or build your own to analyze budgets, invoices, job costs, POs, utilities, and vendors. Filter and sort by date, status, regions, entities, GLs, and more.
Plus, quickly pull bulk invoices and their associated images into a pdf that can be shared with stakeholders.
Enable NexusConnect for your vendors and let them upload invoices there for guaranteed delivery to your NexusPayables account. Plus, suppliers will be able to check invoice status in near real-time, sparing your AP team calls about whether an invoice is approved for payment.
Learn more about the NexusConnect supplier portal.
Nexus AP automation software integrates with over 30 property management systems, giving you all the data you need to manage invoices, payments, and procurement expertly. Nexus imports/exports the data automatically, while your property management system(s) remain the system of record.
Tap our flexible APIs to add your tax, utilities management, construction management, property tax management or other software. NexusPayables integrates easily.
Nexus is the most efficient Accounts Payable system I have worked on. The ease of processing bills, approving bills and pulling bills saves the AP Department at least 1 day per week. Having all the invoices at your fingertips at all times also shaves hours off any type of invoice research. I would recommend Nexus to any company and all Accounts Payable Departments. Scott Anderson | VP Business Processes | SX Business Services
I am tasked with entering lots of reimbursement information, and Nexus makes it easy to show the Finance team where the money was spent, and who spent it. Rosa R. | Executive Coordinator | G2 Rating: 5/5
The workflow-based routing on invoices enables us to easily and quickly distribute invoices to the appropriate coders and approvers regardless of their physical location and has completely eliminated the “paper shuffle” and given us 100% accountability for invoices from the date of receipt to the date of payment. Diane Caton | EVP, Management Services Corporation | Capterra Rating: 5/5
Nexus is a great paperless AP software program, which saves us time and routes invoices for approvals. The ability to search an invoice by vendor, job, account, amount, as well as other criteria is great and saves so much more time than looking for an invoice in a filing drawer. Customized workflows allow for different invoices to be routed to the proper approver, whether by entity, job, amount or other criteria. Greg Beckman | VP/Controller | Moore and Associates | Capterra Rating: 4/5
NexusPayments has given time back to me, my team, and my department. We’re able to be more efficient and more effective in our daily, weekly, and monthly duties. And it has given us time to reevaluate how we do other things in our department and be able to take on more duties and be able to do them better. Rating: 5/5 (G2)
Sue R | Habitat America
Why is AP automation important?
With AP automation software, companies can transform their accounts payable processes from manual paper sorting to simple online clicking. Teams manage all their invoices online, from coding and routing through approvals and payment. It doesn't matter how many invoices, workflows, properties, approvers, or general ledger systems are involved. Storing and viewing invoices is lightyears faster and less expensive, too. This is especially important for real estate companies, who often have multiple GLs, properties, and bank accounts.
How does AP automation work?
When you automate AP, you move your invoicing/billing process online or to the cloud. You then manage every step of the AP process using software - not paper, spreadsheets, or email chains.
What are the benefits of AP automation?
Save time and money with AP Automation. Nexus customers have reported spending up to 50% less time on invoice capture, 40% less time on invoice approvals, and 90% less time on reporting.
How quickly can I implement AP automation?
AP automation can be set up in as little as a few weeks – but will depend upon the provider you select.
Who needs AP automation?
AP automation is a great option for any business that receives many invoices and wants to slash the time it takes to process them. And, do it with fewer errors and delays.
Can I add NexusPayments to pay my vendors?
Yes. You can easily add NexusPayments to pay your vendors.