AP Payments Automation Software Built for Real Estate

Save processing time and money with NexusPayments

NexusPayments is the leading AP payments automation software for multifamily, CRE, and other Real Estate companies. With just clicks, you can manage every step of the payment process online, from approval to payment. No matter how many vendors you have.

Whenever you’re ready, simply send a file of approved invoices from your property management system. Designated approvers review the transactions in NexusConnect and give Nexus the green light to issue payments.

Nexus will then debit your bank accounts and pay vendors using Nexus Virtual Card, NexusDirect, Premium ACH, or Nexus outsourced check.

50% less time on managing payments.png 40% reduction in cost of processing.png

Based on interviews with Nexus customers.

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Go electronic overnight

Once you sign up for NexusPayments, Nexus will identify all your suppliers who can be paid electronically, either via:

Nexus Virtual Card (a one-time use card)
Premium ACH (an ACH transaction)

We’ll review the findings with you and start paying your suppliers in the payment method that works best. You’ll be up and running quickly.

Nexus will reach out to suppliers who haven’t already signed up for an electronic payment method and encourage them to switch to one.

Lower your risk of fraud

Both Nexus Virtual Card and Premium ACH are far more secure than paper checks.

Nexus Virtual Cards have safeguards built in. They are funded for a specific amount and cover a pre-designated transaction (or transactions). They expire in 90 days.
Premium ACH relies on the Paymode-X fraud-free payments network, which has multiple levels of security. $300 billion paid annually without a single incidence of fraud.

NexusPayments has given time back to me, my team, 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.

Sue Roberts | Habitat America

Easily manage bank accounts used for AP payments automation

Add new bank accounts
without hassle

Add your bank accounts to NexusConnect. We’ll verify the accounts have been set up correctly. No fees to add or change banks.

Forget set aside accounts
and hidden fees

Once you say go, we’ll processes payments immediately – and directly debit funds from your linked bank accounts. No interest charged.

Maintain your banking
relationships

Nexus can debit any bank account to issue supplier payments. You can keep your banking relationships intact, no matter how many banks you have.

Nexus works seamlessly with these GLs,
plus many others

Quickly reconcile your AP payments

Whether Nexus pays your suppliers with virtual card, Premium ACH, or check, it’s simple to reconcile your bank statements. Just log in to NexusConnect and match debit totals with debits on your bank account statements. Drill down to see individual transaction amounts. You can cross-reference with your GL.

If Nexus issues checks on your behalf, we’ll use the same check numbers that are in your GL. No cross-referencing or extra steps needed.

Just log in to NexusConnect and click the Bank History page.

Easily filter by Bank ID, Debit Type, or Status (A).
Match Debit Total (B) with debits on your bank account statement, drilling down to see individual transaction amounts (C).

Cross-reference transactions with your GL.

Earn rebates on your AP spend

Get cash back for eligible payments made with Nexus Virtual Cards, NexusDirect, and Premium ACH. No cap on earnings potential.

Simplify AR for your suppliers

Faster payments

Nexus processes and disburses payments immediately. Electronic payments are in suppliers' hands in just a few days.

Visibility into payment status

Suppliers can track payment status online 24/7 using the NexusConnect online portal.

Improved reconciliation

Suppliers get complete remittance details in each virtual card notification email. They can also see details online in NexusConnect.

Nexus AP payments automation software FAQ

What are the benefits of AP payments automation?

There are many:

Lowers your payments costs – By automating your vendor payments with Nexus, AP payment costs often drop by 40% because you don’t have to pay for printers, postage, ink, and many other expenses associated with getting checks out the door.
Saves time – Nexus customers report they shaved off 50% of their time over manual payment processing because documentation and approvals are centralized and online – and any action only requires a few clicks to complete.
Increases security – Electronic payments, such as Nexus virtual card and ACH, are far more secure than checks (see below).
Increases visibility for both you and your suppliers – Payment status is visible online 24/7 in NexusConnect.

Do I have to automate all my AP payments?

No. You can choose whom you pay electronically. For example, if you have a vendor that likes to stop at the boss’s office to chit chat and receive their check, you can still do so. You choose whom you pay through Nexus and whom you pay in-house. But keep in mind, the more suppliers you pay electronically, the more time and cost savings you’ll achieve (not to mention rebates you’ll earn).

Can I automate just my AP payments, without automating invoice processing too?

Yes. You can start with automated vendor payments only. However, there’s a lot more functionality when you automate payments and invoices together, such as the ability to see the full invoice that you paid or are about to pay.

How does Nexus pay suppliers/vendors?

Nexus will pay suppliers on your behalf using Nexus Virtual Card, NexusDirect, Premium ACH, or outsourced check. Nexus Virtual Card, NexusDirect, and Premium ACH can generate rebates that can cover licensing fees. Nexus processes the payments immediately; it doesn’t use a sweep account to centralize the funds.

Will my suppliers accept the electronic payment methods that have a transaction fee?

Yes. Suppliers will honor their buyers’ payments preferences. They don’t want to lose your business, and many prefer electronic because they’ll get paid faster than checks. Moreover, suppliers trust Nexus. They can see all their payments online with NexusConnect. And whenever they need support, Nexus has a team ready to help. Per Patrick Lambert, Owner of Haul Gone LLC, “[Nexus] customer service is Top Notch. [They’ve been] instrumental in helping us during initial set up and have been a great source of knowledge with our occasional queries. We are happy with NexusConnect and give them a 5 Star rating.”---

Will suppliers/vendors increase the rates they charge me?

While we’ve heard of some rare instances of suppliers raising rates, we know it’s not a widespread practice. Most simply consider any transaction fees they incur as a normal cost of doing business. Some Nexus customers even make electronic payments – Nexus Virtual Card and ACH – mandatory for their suppliers.

What visibility into payments - and their details - will my suppliers/vendors have?

Nexus has an industry leading self-service portal, NexusConnect, where suppliers can easily check both invoice and payment details – at no cost. Nexus customers report that calls and emails from suppliers decrease by about 75%, thanks to all the information available in the self-service portal.

How quickly will suppliers/vendors get paid?

Nexus initiates payments to your suppliers as soon as you have approved them for disbursement. We don’t put them in set-aside accounts or charge interest. Secure electronic payments are in suppliers’ hands in just a few days. Check payments are mailed the following business day.

For Suppliers

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