Arlington, VA (October 20, 2006) Quadrangle Development, a leading developer and manager of both commercial and residential real estate in the Washington D.C. metropolitan area, has selected Nexus Systems’ e-invoicing solution, NexusPayables, to automate their accounts payable process, as well as complement their Yardi Voyager G/L system. Quadrangle wanted to streamline the traditional paper-based invoice routing process and reduce the manual labor required to handle their expense payables. Implementing an e-invoicing solution that fully incorporated automated budget control and comprehensive reporting was also important to Quadrangle. Quadrangle evaluated other e-invoicing solutions available in the real estate marketplace and decided that NexusPayables was the industry leader and offered the most features and flexibility.

T.J. Finnerty, Vice President and Controller at Quadrangle Development Corporation comments, “I have had the unique opportunity of implementing NexusPayables for two different organizations now and shortly after starting my current position I saw my first objective as streamlining our systems and increasing our efficiencies wherever possible. Managing the payables and cash processes is a critical component in any business and we now feel comfortable about where we are going. My previous experience with Nexus made for a very easy decision and now we enjoy the product maturity, top notch service and attention to detail that they deliver. The ability to talk with them and work through challenges together makes us feel like we have a partner that cares about our business and wants to see us succeed as much as we do.

We are very excited for Quadrangle to start realizing the benefits of using both NexusPayables and Nexus Scanning Services, our outsourced scanning and indexing service. Quadrangle is taking many steps to be as efficient as possible and having a tool like NexusPayables fully integrated with their Yardi Voyager G/L system will help them achieve this goal very quickly,” says Thomas Runyon, Senior Director of Sales at Nexus Systems.

About Quadrangle Development Corporation
Quadrangle Development Corporation is one of Washington D.C.’s largest and most reputable full-service commercial and residential real estate companies. Founded in 1971, Quadrangle’s business focus is the development, acquisition, ownership and operation of investment-grade office, hotel, condominium and multi-family properties in Washington D.C., Northern Virginia and Maryland. Quadrangle has built or acquired more than 80 buildings in the Washington D.C. area aggregating over 20 million square feet and $6 billion in current cost.

About Nexus Systems, LLC.
Nexus Systems, located in Arlington, Virginia, is a leading business process software company specializing in payables management solutions that automate the payables process through scanning, electronic approval routing and PO/invoice management. Nexus Systems solutions are in use by companies who seek the efficiency, flexibility and cost savings associated with the automation of business management processes.

For Immediate Release
Contact: Thomas Runyon