Falls Church, VA (October 19, 2011) Nexus Systems is pleased to announce that Hudson Pacific Properties (NYSE: HPP) has selected its complete electronic AP purchase-to-payment solution, NexusPayables. Hudson Pacific Properties will utilize NexusPayables to automate and streamline its entire accounts payable process from invoice receipt and imaging to approval workflow to seamless data synchronization with its existing property management platform, MRI Software.
NexusPayables is a paperless, web-based purchase-to-payment AP automation solution providing flexibility to combine online catalog purchasing, PO management, invoice imaging and management with sophisticated workflow-initiated approval routing, line-item budget comparisons, general ledger cost allocations, job cost accounting features and flexible reporting tools. NexusPayables is in use by companies that require a comprehensive application for the expense management control, visibility, efficiency and cost savings associated with accounts payable automation and best practices.
About Hudson Pacific Properties (www.hudsonpacificproperties.com)
Hudson Pacific Properties, Inc. (NYSE: HPP) is a full-service, vertically integrated real estate company focused on owning, operating and acquiring high-quality office properties and state-of-the-art media and entertainment properties in select growth markets primarily in Northern and Southern California. The Company’s strategic investment program targets high barrier-to-entry, in-fill locations with favorable, long-term supply-demand characteristics in select target markets including Los Angeles, Orange County, San Diego, San Francisco, Silicon Valley and the East Bay. The Company’s portfolio consists of approximately 4.2 million square feet. The Company has elected to be taxed and intends to operate in a manner that will allow it to qualify as a real estate investment trust, or REIT, for federal income tax purposes, commencing with the taxable year ended December 31, 2010. Hudson Pacific Properties, Inc. is a component of the Russell 2000® and the Russell 3000® indices.
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