Arlington, VA (September 30, 2009) Nexus Systems, a leading provider of accounts payable automation software and services, is pleased to announce that Edens & Avant has chosen its flagship product, NexusPayables, to automate its accounts payable (“A/P”) invoice process. The NexusPayables system will be fully integrated with their JD Edwards accounting platform, to include a complete integration of all job cost elements. To gain ultimate efficiency in A/P processing, Edens & Avant will also utilize Nexus’s managed scanning services division, Nexus Services, for receipt, electronic conversion, and submission of all invoices into its NexusPayables application.
The NexusPayables complete electronic purchase to payment solution combines PO and invoice management, invoice imaging, and sophisticated workflow-initiated approval routing with line-item budget comparisons, general ledger cost allocations, optional job cost features, 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.
After a thorough evaluation of the market’s offerings, Edens & Avant recognized that the maturity of the NexusPayables solution offered them far more functionality then any other solution available. Specifically, Edens & Avant was pleased by the quality integration of construction and job cost management items. The NexusPayables interface allows users to allocate line item level expense to a Contract, Change Order, Job Code, Phase Code, or Cost Code. Additionally, Retention amounts can be designated and subtracted from the net amount due on an invoice.
About Edens & Avant (www.edensandavant.com)
Edens & Avant develops, owns and operates community-oriented shopping places in primary markets throughout the East Coast. With 140 shopping centers in 14 states, Edens & Avant is one of the leading retail real estate companies in the nation. The Company’s portfolio consists of neighborhood, lifestyle and power centers, with many located in infill locations in urban markets. Edens & Avant has headquarters in Boston, Washington, D.C., Atlanta, Miami and Columbia, S.C. (Corporate Office).
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