Falls Church, VA (January 10, 2012) Nexus Systems is pleased to announce that Investors Real Estate Trust (“IRET”) (Nasdaq:IRET) (Nasdaq:IRETP) has selected its complete AP purchase-to-payment solution, NexusPayables. IRET will utilize NexusPayables’ to electronically streamline their entire accounts payable process from online catalog purchasing to purchase order creation and approval to invoice receipt and approval to seamless data synchronization with its existing GL accounting package, MRI Software.
After a full evaluation of the market’s offerings, IRET determined that Nexus Systems’ product and services offered the most comprehensive and technologically sound solution that best fit their business needs and technology requirements.
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 Investors Real Estate Trust (www.iret.com)
IRET is an equity real estate investment trust founded in 1970 with a diversified portfolio of multi-family residential, office, medical, industrial and retail properties located in 13 states, primarily in the upper Midwest. IRET’s headquarters are located in Minot, North Dakota, and it has additional offices in Minneapolis, Minnesota and Omaha, Nebraska. IRET’s common shares of beneficial interest trade on the NASDAQ Global Select Market under the symbol IRET.
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