Arlington, VA (July 7, 2009) Nexus Systems, a leading provider of web-based accounts payable process automation software and services, today announced that Capstone Real Estate Services, Inc. has chosen its flagship solution, NexusPayables, to efficiently manage their processing of over 25,000 monthly invoices. NexusPayables will be fully integrated with Capstone’s MS Dynamics GP (Great Plains) accounting infrastructure.
The NexusPayables complete electronic purchase to payment solution combines a full purchase order module with 3-way matching, invoice imaging, sophisticated workflow-initiated approval routing with line-item budget comparisons, general ledger cost allocations, job cost management options, and flexible reporting tools to include CAM and audit reports. NexusPayables is the best of breed application in use by companies that require the expense management control, visibility, efficiency and cost savings associated with accounts payable automation and best practices.
Capstone’s implementation of NexusPayables’ purchase order module with dynamic workflow approval routing will provide the controls and accountability necessary to eliminate maverick spending. The automated straight through processing of PO’s to invoices virtually eliminates the opportunity for error and provides the total visibility and detailed reporting that owners demand. After a thorough evaluation of all of the top real estate AP automation solutions in the marketplace today, Capstone found that the Nexus Systems product’s depth of features greatly exceeded the other offerings. Since NexusPayables was originally developed for the multi-family industry, it already has all of the functionality necessary wrapped in its very easy to use interface.
About Capstone Real Estate Services, Inc. (www.capstonemanagement.com)
Capstone Real Estate Services, Inc., based in Austin, TX, is a full-service, third-party management firm presently managing approximately 53,000 multi-family units and 1,000,000 square feet of commercial space. Founded in 1969, Capstone employs over 1,300 people in the field of property management, and their portfolio extends to nearly 125 cities. The size of their portfolio ranks them as the 13th overall largest management firm and among the top 5 largest third-party management firms in the nation.
About Nexus Systems, LLC.
Nexus Systems is the leading provider of electronic solutions that automate the traditionally cumbersome paper-intensive purchase to payment process resulting in the reduction of operating costs and faster invoice processing with tighter controls. Nexus Systems’ product and services greatly aid financial management by automating and centralizing systems through scanning, electronic workflow, approval routing, and budget controls of PO and invoice management. Nexus’ best-in-class solution, NexusPayables, enjoys continued success as a result of its mature in-depth functionality, intuitive interface, user friendly configurations, and overall ease of use for clients.
For Immediate Release
Contact: Jennifer Shaw