Arlington, VA (April 18, 2007) Monday Properties, a private owner, operator and developer of premium commercial real estate in the Northeast and Mid Atlantic, selected NexusPayables to automate their payables process. With a rapidly expanding portfolio of properties, Monday showed great initiative in taking on NexusPayables. The company saw a clear advantage in streamlining their paper-based invoice and purchase order approval process with NexusPayables given the large invoice volume increase they will undoubtedly see as they acquire more properties. Another advantage for Monday will be the control that NexusPayables provides to the approval process and the ability to track transactions with ease. Further, Monday’s processes will also be advanced by NexusPayables’ fully automatic, two-way integration with their IRES/MRI GL system.
“With an ever-growing portfolio, considering automation of our payables process became a priority. Also knowing that other companies in our space were implementing e-invoicing encouraged us to find out more about the advantages of using a product like NexusPayables. Nexus Systems came recommended to us and it became clear after seeing NexusPayables why other commercial real estate companies are using their product. I see big benefits for Monday in being able to closely track status and approvals of our POs and invoices seamlessly in one application. Nexus also offered several options based on our personal preferences, like self-hosting capability, that will save money and make implementation easier,” said Terry Piscitelli, EVP and CFO, Monday Properties.
“Monday Properties are another example in our growing number of clients who had the foresight to streamline their payables process while growing their business. It seems to be a growing trend that companies are researching e-invoicing before a major influx of paper begins. Obviously this shows that e-invoicing is becoming a priority for companies like Monday who are forward-thinking in looking to improve processes and save money,” said Thomas Runyon, Vice President of Sales at Nexus Systems.
About Monday Properties
Founded in 1997, Monday Properties is a New York City-based owner, operator and developer of commercial real estate. Monday is focused on the East Coast of the United States with primary focus on Washington, DC and New York City. It currently owns and/or manages 7 million square feet of premium commercial space, including 4 million square feet in Manhattan and 3 million square feet in the Washington, DC Metropolitan area. www.mondayre.com
About Nexus Systems
Nexus Systems, located in Arlington, Virginia, is the leading provider of electronic solutions that automate the traditionally cumbersome paper-intensive AP process. Nexus Systems greatly aids financial management by automating the payables process through scanning, electronic approval routing and PO/Invoice management. Nexus’ product, NexusPayables, enjoys continued success as a result of its functionality, reporting, user friendly configurations, and ease of use for clients.
For Immediate Release
Contact: Thomas Runyon