Arlington, VA (May 19, 2010) JRK Property Holdings announces its selection of Nexus Systems’ robust application, NexusPayables to automate its onsite purchasing, purchase order (PO) and accounts payable (AP) processes. The NexusPayables application will centralize and manage all elements of the AP function, to include workflow approvals and budget controls, and fully integrate with their existing AMSI e-Financials Software.
NexusPayables was an easy fit for JRK as a single comprehensive solution to its current business needs and process. JRK completed a thorough evaluation of all the top AP automation and procurement solutions on the market and quickly realized that Nexus’ functionality was far superior and offered them the best fit for their stringent business needs. They were specifically impressed by the application’s sophisticated reporting and accounting features, to include budget and actual comparisons on both the invoice and PO interface. Additionally in using Nexus’ Catalog module, they were extremely pleased with the ability to streamline and control purchasing, POs and invoices through one centralized application.
Nexus Systems is a leading provider of accounts payable automation software and services. Its flagship product, NexusPayables, is a complete electronic purchase to payment solution combining PO and invoice management, invoice imaging, and sophisticated workflow-initiated approval routing with line-item budget comparisons, general ledger cost allocations, job cost accounting 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.
About JRK Property Holdings (www.jrkpropholdings.com)
JRK Property Holdings is a fully-integrated owner and operator of multifamily, hospitality and self-storage properties. JRK’s portfolio is valued in excess of $3.5 billion, generates over $300 million in annual revenues and consists of over 42,000 multifamily units, 1,885 self-storage units and four hotels located in New York, Santa Monica (Ca), Santa Barbara (Ca), and Nashville. JRK also manages a $203 million private equity fund through its JRK Birchmont Advisors subsidiary
JRK Property Holdings has become one of the most active buyers of multifamily properties in the last two years with over $750 million in acquisitions, representing over 50 properties, consummated over that time.
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