Falls Church, VA (February 18, 2011) Nexus Systems is pleased to announce that Parkchester Preservation Management has chosen NexusPayables as its automated accounts payable solution. The NexusPayables system will be fully integrated with Parkchester Preservation Management’s existing Sage MAS 90 accounting general ledger system.

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.

About Parkchester Preservation Management, LLC. (www.parkchesternyc.com)
Parkchester Preservation Management company manages the Parkchester community, a massive, self-contained city-within-city located on 129 landscaped acres in Bronx, New York. The community is composed of 171 buildings and 12,271 apartments – one of the largest private complexes in America. Each building ranges from 7 to 12 stories. The community also has more than half a million square feet of commercial space which includes retail shops, restaurants and a multiplex movie theatre.

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