Arlington, VA (March 31, 2008) Nexus Systems, a leading provider of financial process automation software and services, is pleased to announce that Newmark Knight Frank, a leading global commercial real estate services firm, will implement NexusPayables, our web-based AP automation software, and Nexus Managed Services to improve its Purchase-to-Pay process.
The Nexus Systems electronic purchase order and invoice processing solution, NexusPayables, provides sophisticated workflow, integrated document scanning, line-item budget comparison, GL cost allocation including job cost management, flexible reporting tools including CAM and audit reports with images, and full integration of data between NexusPayables and Newmark Knight Frank’s Intuit Real Estate Solution (IRES) ERP system.
The added value of implementing the full suite of functionality includes the automatic conversion of approved purchase order data to invoices, eliminating the need for re-keying, resulting in faster invoice processing with tighter controls. Newmark Knight Frank has also chosen Nexus Scanning Services to completely remove all paper touch points from its process, providing complete visibility of invoices through all stages of workflow from receipt to payment.
“We are excited to be partnering with Newmark Knight Frank and providing accounts payable automation software and services to its organization worldwide. Through the use of Nexus’ solutions, Newmark Knight Frank will realize better process efficiencies, lower invoice processing costs, improved productivity and visibility into its spending while ensuring compliance with robust internal controls,” said Thomas Runyon, Vice President of Sales at Nexus Systems.
About Newmark Knight Frank (www.newmarkkf.com)
Newmark Knight Frank is one of the largest independent real estate service firms in the world. They provide comprehensive real estate solutions to many of the most prominent corporations, property owners, investors and developers across the globe. New York-headquartered Newmark Knight Frank and London based partner Knight Frank Newmark operate over 165 offices in established and emerging property markets on six continents. Last year, Newmark Knight Frank completed transactions valued at more than $47.6 billion, with revenues exceeding $872 million. With a staff of 6,300 employees, we have created an effective global platform from which to serve the property needs of our growing list of clients. Additionally, Newmark Knight Frank serves as leasing agent and/or property manager for over 100 million square feet of commercial space worldwide.
About Nexus Systems, LLC.
Nexus Systems, LLC. develops intuitive Web-based Software as a Service (SaaS) applications that drive business process efficiencies and business process accountability, focusing on the accounts payable realm. NexusPayables, Nexus Systems’ core product, solves a problem that affects all businesses, and represents billions in wasted costs to the U.S. industry. NexusPayables is a complete purchase to pay solution that integrates with and complements a company’s accounting GL and/or ERP system. The product automates the A/P approval process, improves cash flow visibility, manages budgets real-time, mitigates fraud, and reduces the time to process A/P transactions. Unlike document management software, NexusPayables was built to be sophisticated AP management software. Nexus Systems solutions enjoy continued success as a result of its robust functionality, scalability, user friendly configurations, and ease of use for clients.
For Immediate Release
Contact: Jennifer Shaw