Arlington, VA (June 15, 2010) Nationwide Health Properties, Inc (NYSE: NHP) selects Nexus Systems to implement Accounts Payable Automation. NexusPayables combines sophisticated workflow, line-item budget comparison, GL cost allocation including job cost management, flexible reporting tools including CAM and audit reports with images. NexusPayables is fully integrated with NHP’s MRI accounting platform, eliminating the need for manual input.
The added value of implementing the full suite of functionality includes the automatic integration of approved invoices, eliminating the need for re-keying, resulting in faster invoice processing with tighter controls.
About Nationwide Health Properties, Inc (www.nhp-reit.com)
Nationwide Health Properties, Inc. is a real estate investment trust (REIT) that invests primarily in healthcare real estate in the United States. As of June 30, 2010, the Company’s portfolio of properties, including mortgage loans and properties owned by unconsolidated joint ventures, totaled 628 properties among the following segments: 283 senior housing facilities, 206 skilled nursing facilities, 120 medical office buildings, 11 continuing care retirement communities, 7 specialty hospitals and 1 asset held for sale.
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