Arlington, VA (July 15, 2009) Nexus Systems, a leading provider of accounts payable automation software and services, is pleased to announce that Carmike Cinemas, Inc. (“Carmike”) has chosen its flagship product, NexusPayables, to automate its accounts payable (“A/P”), purchase order (“PO”) and invoice process. The NexusPayables system will be fully integrated with Carmike’s Microsoft Dynamics GP (Great Plains) accounting platform.
“In choosing Nexus Systems, we found a company with a proven solution to streamline our payables process that will allow us to further reduce the inefficiencies of paper workflow. Additionally, the solution provides additional functions necessary to bring better visibility into all our payables transactions. This insight will allow us to achieve maximum control over our workflow process with a cost effective solution,” stated Jeffrey Cole, Assistant Vice President and Controller, for Carmike Cinemas.
The NexusPayables complete electronic purchase to payment solution combines a full PO module, invoice imaging, and sophisticated workflow-initiated approval routing with line-item budget comparisons, general ledger cost allocations, and flexible reporting tools. 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.
Carmike will utilize NexusPayables’ full PO module with 3-way matching of purchase order, receipt of goods/services, and invoice functionality to best align cash flow with purchase commitments and verify receipts against orders. Carmike also will be implementing NexusPayables’ mobile extension, NexusMobi, to give their managers the ability to view and approve action items from their hand-held mobile devices.
“Carmike realizes the need for A/P automation and recognizes the positive impact it will have on their organization. We are excited to partner with such a nationally well-known company who understands the need for workflow automation technology,” said Thomas Runyon, Vice President of Sales, for Nexus Systems, LLC.
About Carmike Cinemas (www.Carmike.com)
Carmike Cinemas, Inc. (NASDAQ: CKEC) is a U.S. leader in digital cinema and 3D cinema deployments and one of the nation’s largest motion picture exhibitors. Carmike has 251 theatres with 2,288 screens in 36 states. Carmike’s digital cinema footprint reaches 2,154 screens, including 193 theatres with 500 screens that are also equipped for 3D.
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