Falls Church, VA – The year of 2014 was a very successful and exciting year for Nexus Systems. The company achieved tremendous growth in terms of customers, volumes and product capabilities in 2014, reinforcing its position as a leading provider of accounts payable and procure-to-pay solutions.
“Nexus Systems is pleased that more companies than ever trust us to automate their financial operations,” said Nexus Systems CEO Tom Coolidge. “Our continued growth is a testament to our exceptional team of employees, our trusted partners, and the best-in-class functionality of our accounts payable and procure-to-pay solutions.”
Nexus Systems grew its revenues by more than 26 percent in 2014, the sixth consecutive year the company achieved revenue growth of more than 25 percent. Nexus Systems now serves over 30,000 users all over the world. Overall, more than $51 billion worth of invoices were processed as a result of 5.5 million invoice transactions using solutions from Nexus Systems in 2014.
The growth of Nexus Systems is impacted by not only new clients, but clients who continuously trust in Nexus year after year. The company attributes its strong renewal rate to the high level of customer satisfaction among these clients.
Aside from the clients Nexus gained and retained on its flagship product, NexusPayables, several other Nexus modules grew in client size. NexusVendorConnect had a major product release and enrollment for the module grew over 100 percent in 2014. The monthly volume increased 300 percent and the number of vendors enrolled increased over 400 percent. NexusCatalog also had a record breaking year. It increased its client base by over 70 percent and increased its Integration Partnerships by over 30 percent.
Nexus Systems continues to grow with each year of business. The company’s clients, partners and employees are all vital to its success and growth. Building upon the record breaking numbers of 2014, Nexus Systems projects a very bright 2015.
About Nexus Systems
Nexus Systems is the leading provider of web-based applications that drive business process efficiencies and business process accountability, focusing on the accounts payable realm. From its inception in 1999, the team at Nexus Systems has worked diligently to maintain its reputation as a highly responsive, innovative, and dynamic software company. Nexus Systems is a privately held company headquartered in the Washington, DC Metropolitan Area in Falls Church, Virginia. Its staff is comprised of technically savvy, hand-picked professionals with a dedication to satisfying each customer. Its flagship product, NexusPayables, automates the traditionally paper intensive accounts payable procure-to-pay process and is recognized as the best-in-class paperless solution. The NexusPayables application enjoys continued success as a result of its mature and robust functionality, intuitive interface, flexibility, compatibility with other systems, and overall ease of use.
For Immediate Release
Contact: Lauren Cohen