Eliminate spread sheets and manual reporting
Empower everyone from property managers to CFOs to view AP reports and evaluate performance in minutes. With NexusPayables, all key stakeholders can view how their properties are managing cash flow, aligning to budgets, and working with their suppliers effectively.
In fact, you can reduce time spent on reporting by 90% since all your AP data is in one place, and accessible with the click of a button.
Set up role-based permissions within Nexus
No need to rely on AP teams to pull reports and distribute. Users can access the data they need within NexusPayables. Set up role-based permissions easily.
Audit Report, GL Accrual Report, Invoices by Days Outstanding, Duplicate Invoice Report
System Users Report, User Logins Report, Audit Logs
Invoice Detail Report, Budget Summary Report, Approved PO Report
Purchase Compliance Report, Purchasing Detail Report, Pending Approval Report
Job Cost Summary Report
Mitigate fraud and bolster security with audit logs
IT personnel and other authorized users can access Audit Logs that show changes made to NexusPayables, including workflows, settings, user permissions, user group responsibilities, user information, and property setup.
These comprehensive logs can help you spot irregularities/unusual activity and help identify internal fraud.
Create reports using near real-time data
Run your day-to-day operations better and easily analyze:
- Job costs
- Purchase orders
- Invoice payments
- GL details
- Vendor history
You can use pre-built reports or build your own self-service reports using drag-and-drop functionality to select fields and organize information.
Then, send these custom reports out automatically at designated intervals to save time and keep everyone on the same page.
Pull bulk invoices into one file
Need to pull invoices and their associated images to send to shareholders, the bank, or others? Generate them with just a few clicks. Sort by vendor, date, or other parameters.
With bulk pdf exports, customers have cut time spent on reports by 98-100%. One customer went from 4 hours pulling invoices together every month, to 5 minutes, while another dropped from 127 hours per quarter to 1 minute per quarter.
Generate Real Estate specific AP reports in minutes
Build vital Common Area Maintenance (CAM) reports in minutes. Instead of spending months calculating data, pull a comprehensive report showing all the new charges billed to tenants in a commercial lease. Create a Construction Draw report to show lenders progress to date.
Generate a proof of payment
When you pay suppliers through Nexus’s AP payments software, you can see the status of every payment in just a few clicks.
View when payments were issued, from what bank account, the status of the payment – plus a full audit trail of who approved the payment and when. You’ll even be able to generate a proof of payment that can be easily shared with lenders.
Each user can easily set up a custom Nexus homepage that displays their to-dos.
AP reviewers, for example, can have their dashboard display all invoices in process, such as those that are on hold, blocked, and/or those that are ready to approve.
Admins, meanwhile, might choose to show invoice exceptions, approval delegations, and/or supplier connection requests (suppliers must connect with you before being able to send invoices electronically through NexusConnect).