Falls Church, VA (February 4, 2010) Nexus Systems is pleased to announce that NAI DESCO has selected NexusPayables as its automated accounts payable purchase-to-payment solution to completely streamline their purchase order and invoice processes. The NexusPayables system will be fully integrated with NAI DESCO’s existing property management system, MRI Software 4.0.
NexusPayables is a web-based 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 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.
NAI DESCO (www.descogroup.com)
DESCO stands for Don and Ed Schnuck Company, honoring the entrepreneurial brothers who built the Schnuck Markets grocery chain into one of St. Louis’ largest privately held companies. Founded in 1993 and led by CEO Mark Schnuck, DESCO provides comprehensive development, construction management, property management and brokerage services and also brings its experience and expertise to a variety of project types in more than a dozen Central, Mid-South, Southwest and Southeast states. Our experience with innovative, complex and challenging projects such as Kirkwood Commons, Ladue Crossing and the Old Post Office in downtown St. Louis, allows DESCO to tackle opportunities that are often overlooked by others.
DESCO’s development activities have touched many sectors of the real estate market, including historic landmark renovations, regional shopping centers, medical office space, office parks and urban/suburban renewal projects. With a portfolio of more than 12 million square feet of buildings, including approximately 175 retail, office and industrial properties, DESCO currently has over three million square feet under development, with projected development costs totaling over $300 million.
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