Arlington, VA (March 10, 2009) Welsh Companies has chosen Nexus Systems’ NexusPayables system as their automated accounts payable solution to strengthen controls and maximize efficiencies throughout the company’s management divisions. Minneapolis-based, Welsh Companies owns and manages over 28 million square feet of retail, industrial, and office properties and also has a large construction arm. Welsh will use NexusPayables as a central means to electronically manage and process A/P for all its properties and departments from purchase orders, invoices, and approvals to data synchronization with Intuit Real Estate Solutions IRES/MRI general ledger accounting platform.
Welsh’s key decision drivers for the Nexus Systems’ solution included: the extensive features found in the system that will allow for Welsh’s continued growth without adding additional software, Nexus Systems’ proven success and rapport with top real estate companies including many that use IRES/MRI as their GL system, and the ability for Welsh to self-host the NexusPayables application. Other impressive key features included the robustness of the systems’ workflow rule capabilities and the rich array of system and audit reports with the ability to attach images of all associated invoices. Additionally, the NexusPayables solution was in line with Welsh’s environmentally conscious corporate direction, allowing them to reduce the use of paper and the environmental impact of its related storage and transportation.
About Welsh Companies (www.welshco.com)
Welsh Companies has emerged as a leader in the Midwest commercial real estate industry. Under the direction of Dennis J. Doyle, Chief Executive Officer, Welsh maintains offices in the Twin Cities, Chicago, Cincinnati, Detroit, and St. Louis and offers a full continuum of commercial real estate services to its clients. The Welsh organization consists of more than 300 professionals whose expertise extends into every aspect of commercial real estate including office, industrial and retail brokerage, corporate services, property management, facility management, construction, architecture, development, financing and investment services. The brokerage division, NAI Welsh, is an affiliate of NAI Global, a multinational network of skilled commercial real estate professionals strategically located in 325 markets worldwide.
About Nexus Systems, LLC.
Nexus Systems, LLC. develops intuitive Web-based Software as a Service (SaaS) applications that drive business process efficiencies and business process accountability, focusing on the accounts payable realm. NexusPayables, Nexus Systems’ core product, solves a problem that affects all businesses, and represents billions in wasted costs to the U.S. industry. NexusPayables is a complete purchase to pay solution that integrates with and complements a company’s accounting GL and/or ERP system. The product automates the A/P approval process, improves cash flow visibility, manages budgets real-time, mitigates fraud, and reduces the time to process A/P transactions. Unlike document management software, NexusPayables was built to be sophisticated AP management software. Nexus Systems solutions enjoy continued success as a result of its robust functionality, scalability, user friendly configurations, and ease of use for clients.
For Immediate Release
Contact: Jennifer Shaw