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NexusPayables description
NexusPayables is a cloud-based accounts payable (AP) automation software designed for real estate businesses. It centralizes and automates the entire invoice-to-payment process, from purchase order to payment reconciliation. The platform offers features like automated invoice processing, electronic purchase orders, job costing, and online payment options like virtual card and ACH. NexusPayables integrates with leading property management and accounting software, providing a centralized view of financial data. It aims to reduce manual work, improve accuracy, and speed up the financial close process for real estate companies.
Who is NexusPayables best for
NexusPayables is a cloud-based AP automation solution designed for real estate. We find that customers appreciate the intuitive interface and seamless integration with MRI. Users highlight that it streamlines invoice processing and approvals, eliminating paper and manual tracking.
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Perfect for companies of any size (from 1 to 1000+ employees) seeking AP automation.
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We find that NexusPayables is particularly well-suited for the Real Estate and Construction industries.
NexusPayables features
Supported Automated Invoice Processing: Automates manual tasks involved in invoice processing, such as scanning invoices, coding, and chasing approvals. This leads to reduced processing time and costs by using a highly configurable invoice automation solution. |
Supported Upgrade Supplier Payments: Offers two secure electronic payment methods: virtual card and Premium ACH, providing both payers and suppliers with complete transparency throughout the payment process. |
Supported Centralized Procurement: Streamlines the procurement process by eliminating the need for browsing online catalogs and circulating paper purchase orders for approval. All transactions are conducted electronically to streamline purchasing, ensure compliance, and reduce costs. |
Supported Simplified and Secure Payments: Simplifies payment processing by eliminating paper checks and offering two secure electronic options: virtual card and Premium ACH. This provides full transparency throughout the payment process for both payers and suppliers. |
Supported Seamless Integration with Property Management Systems: Provides seamless integration with leading property management systems/GLs and automatically synchronizes AP data, allowing users to keep their existing systems of record. |
Supported Comprehensive Reporting and Analytics: Offers comprehensive reporting and analytics capabilities, providing real-time visibility into key performance indicators (KPIs) such as invoice processing time, payment status, and vendor performance. This data-driven insight enables informed decision-making and process optimization. |
Supported Tailored for Real Estate: Designed specifically for the real estate industry, supporting the unique requirements and workflows of property management companies, real estate investment trusts (REITs), and other real estate organizations. It helps streamline financial operations and improve efficiency within the real estate sector. |
NexusPayables reviews
We've summarised 23 NexusPayables reviews (NexusPayables G2 reviews) and summarised the main points below.
- Easy to use and implement, with a flexible workflow.
- Seamless integration with MRI accounting software.
- Excellent customer support that is knowledgeable and responsive.
- Robust custom reporting capabilities.
- Streamlines invoice processing and approval, eliminating paper invoices and manual tracking.
- New UI is inefficient, requiring clicking through multiple tabs to access information previously available on one page.
- Limited vendor payment options; vendors cannot choose between VCard, ACH, or check.
- Inability to add fields to the search functionality.
- Lack of comprehensive reporting for user login activity for compliance purposes.
- Requires custom middleware for integration with invoice scanning/OCR software.
NexusPayables alternatives
Tungsten ReadSoft InvoicesAutomates invoice processing, boosting AP efficiency and accuracy.Read more
Kofax Invoice Processing AgilityAutomates invoice processing, saving time and reducing errors.Read more
Orbipay EBPPStreamlines billing and payments, offering flexible options and boosting efficiency.Read more
NexusPayables FAQ
NexusPayables offers cloud-based accounts payable automation tailored for real estate. We find it centralizes invoice processing, from purchase orders to payments, integrating with property management software. It simplifies payments with virtual cards and ACH, boosting efficiency and accuracy.
What is NexusPayables and what does NexusPayables do?
NexusPayables offers cloud-based accounts payable automation tailored for real estate. We find it centralizes invoice processing, from purchase orders to payments, integrating with property management software. It simplifies payments with virtual cards and ACH, boosting efficiency and accuracy.
NexusPayables integrates seamlessly with popular property management and accounting software. We find this is key for real estate businesses wanting a centralized financial view. It also keeps your existing systems in place.
How does NexusPayables integrate with other tools?
NexusPayables integrates seamlessly with popular property management and accounting software. We find this is key for real estate businesses wanting a centralized financial view. It also keeps your existing systems in place.
We find that NexusPayables' main competitors include Stampli, DataServ, Tungsten Network solutions (Readsoft Invoices and InvoiceAgility), and Kofax Invoice Processing Agility. These alternatives offer similar AP automation features for businesses seeking streamlined invoice and payment processing.
What the main competitors of NexusPayables?
We find that NexusPayables' main competitors include Stampli, DataServ, Tungsten Network solutions (Readsoft Invoices and InvoiceAgility), and Kofax Invoice Processing Agility. These alternatives offer similar AP automation features for businesses seeking streamlined invoice and payment processing.
NexusPayables is a legitimate AP automation software. We find that users generally have positive feedback on features like ease of use and customer support. However, some users have noted issues with the new UI and limited vendor payment options. It's worth exploring if it fits your specific needs.
Is NexusPayables legit?
NexusPayables is a legitimate AP automation software. We find that users generally have positive feedback on features like ease of use and customer support. However, some users have noted issues with the new UI and limited vendor payment options. It's worth exploring if it fits your specific needs.
I'm sorry, but pricing information for NexusPayables is not available at this time. Please contact NexusPayables directly for the latest pricing details.
How much does NexusPayables cost?
I'm sorry, but pricing information for NexusPayables is not available at this time. Please contact NexusPayables directly for the latest pricing details.
We find that NexusPayables customers consistently praise the excellent customer support. Users describe the support team as knowledgeable, responsive, and helpful in resolving issues and providing training. Overall, customer support appears to be a strong point.
Is NexusPayables customer service good?
We find that NexusPayables customers consistently praise the excellent customer support. Users describe the support team as knowledgeable, responsive, and helpful in resolving issues and providing training. Overall, customer support appears to be a strong point.
Reviewed by
Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.
Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.
An AI tool that observes your work, finds inefficiencies, and suggests smarter ways to do things. Maybe you can use your tools better, automate tasks, or switch software.