Arlington, VA (December 16, 2010) Nexus Systems announced today that Washington Real Estate Investment Trust (WRIT) (NYSE:WRE), the oldest existing publicly-traded REIT in the U.S., has chosen Nexus Systems and its product, NexusPayables, to automate and centralize its accounts payable processes. In addition to streamlining its invoice approval process, the NexusPayables system will provide the purchase order management and budget control that the company highly desired from a single solution.
NexusPayables will also provide a seamless integration with WRIT’s existing Oracle JD Edwards ERP system allowing users to effortless leverage critical accounting data from within the AP management system.
“Washington Real Estate Investment Trust (WRIT) is constantly reviewing our business processes, procedures, and systems to maintain the highest level of excellence. After conducting a thorough evaluation of the accounts payable automation solutions available in real estate today, we determined that Nexus Systems is the best fit for managing payables in our diverse portfolio,” stated, J. Porter Bellew, Chief Information Officer for WRIT.
Nexus Systems is a leading provider of accounts payable automation software and services. Its flagship product, NexusPayables, is a complete 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 the best of breed application in use by companies that require the expense management control, visibility, efficiency and cost savings associated with accounts payable automation and best practices.
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