BioMed Realty Trust Enters into Agreement with Nexus Systems to Automate Payables

BioMed Realty Trust Enters into Agreement with Nexus Systems to Automate Payables

Arlington, VA (March 5, 2009) Nexus Systems, a leading provider of financial process automation software and services, announced today that BioMed Realty Trust, Inc. (NYSE: BMR) has chosen NexusPayables to automate their invoice processing systems.

NexusPayables, Nexus Systems’ electronic invoice processing solution, combines workflow, line-item budget comparison, general ledger cost allocation including job cost management, and flexible reporting tools and audit reports with images, with full integration of data between NexusPayables and the MRI accounts payable platform.

Implementing the invoice and job costing modules of the NexusPayables system is expected to enhance the BioMed’s cost transparency and improve invoice processing speeds by allowing its accounts payable department and property management staff to check invoices against budgets and actual results.

About BioMed Realty Trust, Inc.
BioMed Realty Trust, Inc. is a real estate investment trust (REIT) focused on Providing Real Estate to the Life Science Industry®. The company’s tenants primarily include biotechnology and pharmaceutical companies, scientific research institutions, government agencies and other entities involved in the life science industry. BioMed Realty Trust owns or has interests in 69 properties, representing 112 buildings with approximately 10.4 million rentable square feet, including approximately 1.4 million square feet of development in progress. The company also owns undeveloped land parcels adjacent to existing properties that it estimates can support up to 1.4 million rentable square feet. The company’s properties are located predominantly in the major U.S. life science markets of Boston, San Diego, San Francisco, Seattle, Maryland, Pennsylvania and New York/New Jersey, which have well-established reputations as centers for scientific research. Additional information is available at www.biomedrealty.com.

About Nexus Systems, LLC.
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: Jennifer Shaw
jshaw@NexusSystems.com
703-524-9101

2018-03-25T19:33:50+00:00 March 5th, 2009|PressRoom|Comments Off on BioMed Realty Trust Enters into Agreement with Nexus Systems to Automate Payables