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Outsourcing Payments? Here’s the Data on Virtual Card Supplier Acceptance

February 8th, 2021|

Blog / AP Payments February 7, 2021 One of the main questions real estate companies ask before outsourcing their AP payments is will suppliers be willing to accept new forms of payment? Or, more specifically, will they be so wedded to receiving checks that they’re averse to accepting a virtual card? (A virtual card is similar to a credit card, but it’s sent electronically and is only for payment of a pre-designated transaction or transactions).

Five AP Trends for 2021

December 7th, 2020|

Blog / AP Payments Dec 07, 2020 While it’s not clear when exactly life will return to “normal”, we do expect that a lot of the practices that were created in 2020, or at least gained lots of steam, will continue into 2021. That’s, in part, because many of these trends were caused by the shift to remote workplaces and distributed workforces. According to Global Workplace Analytics, a firm that helps employers understand and prepare for the future of work, 25 to 30 percent of the workforce will be working from home multiple days per week by the end of 2021. And it’s not just the Googles, Facebooks, and Twitters of the world that have employees working away from the office. AP teams, as well as many AR workers, are also working remotely. In many cases it seems, they’ll continue to do so.

Electronic Payments and Online Portals Will Dominate 2021

November 16th, 2020|

Blog / AP Payments Nov 16, 2020 In a survey of 3,000 suppliers, Nexus found fears around COVID-19 and mail delays are driving suppliers further toward electronic payments (virtual card or ACH). Suppliers also plan to skip email and USPS to submit their invoices, and instead use electronic portals.

Electronic Portals – a Key AP Tool in the Times of COVID

October 5th, 2020|

Blog / AP Payments Oct 05, 2020 It happens all the time: your suppliers send you an invoice and then send 5 more emails with supporting documentation, like photos of completed repairs, or attachments providing background on what’s in the invoice.

4 Things You Should Know About Automated Payments Solutions

September 8th, 2020|

Blog / AP Payments Sep 08, 2020 Automated payments are getting a lot of attention these days because they allow buyers to pay suppliers much more easily and reliably. With automated payment solutions, buyers simply provide a file of invoices to pay and sit back as the rest is taken care of for them.

Tracking AP Invoices and Payments Should be as Easy as Tracking a Pizza

June 22nd, 2020|

Blog / AP Payments June 22nd, 2020 Automated Electronic Payments – Come Out Ahead You just ordered a pizza online from your favorite pizzeria. Within seconds, you receive confirmation of your purchase. From the moment you ordered [...]

Because of COVID-19, AP Automation Has Turned into a “Must Have”

May 15th, 2020|

Blog / AP Payments May 15th, 2020 Automated Electronic Payments – Come Out Ahead AP Automation or Accounts Payable Automation has long been the electronic cure for problems associated with the manual processing [...]

With Nexus, Expertly Manage Real Estate’s Unique AP Demands

May 13th, 2020|

Blog / AP Payments May 13th, 2020 Automated Electronic Payments – Come Out Ahead Nexus is the leading AP and Payments Automation software provider solely focused on Real Estate. Here are a few things that set us apart:  [...]

7 Ways Real Estate AP Can Proof Against Economic Uncertainties

March 13th, 2020|

Blog / AP Payments March 13th, 2020 Automated Electronic Payments – Come Out Ahead As the United States grapples with economic uncertainties – from stock market swings to concerns about recessions/slowdowns to pandemics [...]

The New Procure-to-Pay Process – Driving Cost Savings & Efficiency

October 8th, 2019|

Blog / AP Payments October 8th, 2019 Automated Electronic Payments – Come Out Ahead Many real estate companies are still using manual, inefficient processes to manage their procurement, process their invoices, and pay their [...]

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