Automate Invoicing and Vendor Payments
Launch invoicing and payments fast, and you can bring your licensing fees to $0. Restrictions apply.
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Digitize every step of the AP process
With Nexus accounts payable automation & payments software, AP teams can eliminate all the paper-based processes that weigh down their accounts payable. Save time and money on everything from invoice-to-payment. Procurement too.
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 built-in safeguards. They're 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. $400 billion paid annually with zero fraud.
Reduce data entry and let suppliers self-serve
Once vetted and approved, suppliers can upload their invoices in NexusConnect, code them, and send the invoice directly to your NexusPayables account. Suppliers get guaranteed invoice delivery. Then, your AP team can accept or reject the invoice.
Your AP team will no longer have to open envelopes, scan invoices, and manually enter data.
Manage invoices your way
NexusPayables supports an unlimited number of invoice approval workflows that can be based on factors such as:
- GL Category
- MTD Budget Comparison
- YTD Budget Comparison
- Yearly Budget Comparison
- Department
- Specific Vendor
- Contract Code
- Job Code
- Property
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.
Simplify AP
Make auditing easier
Search invoices by date, vendor, amount and GL code. View who approved invoices and when. And, once an invoice is paid via NexusPayments, it's updated with remittance details.
Close the books faster
Close month-end and year-end faster and more accurately with access to real-time invoice status i.e., see which invoices are pending approval and which are submitted for payment. Also, identify bottlenecks fast.
Transmit invoice data to GL
Through integration, Nexus automatically sends approved invoices, along with their images, back to your GL, which remains the system of record. Nexus also pulls budgets and actuals from your GL.
Start big or small
With Nexus, you’ll get all the functionality you need to eliminate the paper shuffle, from opening envelopes to cutting paper checks. You can add customizations and additional workflows easily. Add other Nexus modules, like purchase orders, e-procurement, and job costing, as you need them.
Sync data automatically between Nexus and your system of record
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.
Plus, you can import/export data from multiple systems. Nexus software can support multiple property management systems, all at the same time.
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
We process over 10,000 invoices a month and have become 100% paperless in regards to processing invoices. Nexus allows our teams to be transparent and accountable for coding/approving invoices. Jesse E. | Capterra Rating 5/5
I am amazed at the amount of things I’m able to do with this software, including generating reports customized to what I need to know on-site! I love that all orders from any company can be placed from this one software application! I can also keep up with budgeting for our property, and ensure invoices are paid as well. It’s everything you need wrapped into one place! Haley W. | Property Manager | Capterra Rating: 5/5
The leader in vendor payments and invoice automation for Real Estate
