Arlington, VA (August 24, 2007) U-Store-It, the sixth largest owner and operator of self-storage facilities in the United States, has chosen NexusPayables to automate and centralize its formerly paper-dependent accounts payable invoice processes. NexusPayables is integrated with U-Store-It’s Microsoft Dynamics GP (formerly, Microsoft Great Plains) accounting package. The NexusPayables web-based interface will be used by U-Store-It location personnel/staff to electronically manage, process for approvals, and store its incoming invoices on the front-end while seamlessly syncing data to Microsoft Dynamics for its accounting department on the back-end.
“What separates U-Store-It from its competition is its managerial foresight; this initiative, implementing the NexusPayables solution to improve operating efficiency, provides a twofold benefit: 1)The automated accounts payable features of NexusPayables relieve our store managers from routine administrative tasks allowing them to better service customers and manage facilities, and 2) the centralized NexusPayables system will provide our executive management team store-level visibility to make better decisions in optimizing expenses, vendors and cash flow,” comments Tim Martin, Chief Accounting Officer for U-Store-It.
“Using NexusPayables to electronically and dynamically route invoices from U-Store-It’s over 400 locations to the home office will completely remove the paper flow resulting in better accountability, easier and faster processing, and improved vendor relations. NexusPayables’ easy-to-use and intuitive dashboard allows for quick learning and less location change management issues. U-Store-It’s management team has extensive experience in improving processes through software and we are excited that, after looking at all possibly options, chose to partner with the most feature rich application on the market,” said Thomas Runyon, Vice President of Sales at Nexus Systems.
About U-Store-It (NYSE: YSI)
U-Store-It is a self-administered and self-managed real estate company focused on the ownership, operation, acquisition and development of self-storage facilities in the United States. Our self-storage facilities are designed to offer affordable, easily accessible and secure storage space for residential and commercial customers. As a national owner and operator, we continually enhance our business by applying our management expertise and best practices to each facility. www.u-store-it.com
About Nexus Systems, LLC.
Nexus Systems, located in Arlington, Virginia, is the leading provider of electronic solutions that automate the traditionally cumbersome paper-intensive AP process. Nexus Systems greatly aids financial management by automating the payables process through scanning, electronic approval routing and PO/Invoice management. Nexus’ product, NexusPayables, enjoys continued success as a result of its functionality, reporting, user friendly configurations, and ease of use for clients.
For Immediate Release
Contact: Thomas Runyon