Arlington, VA (January 31, 2007) Laramar, a leading multifamily real estate management firm selected Nexus Systems and their web-based payables management software, PayablesNexus. Nexus Systems software will help Laramar automate its invoice process, provide enforceable control and display, in real-time, the visibility of all expenditures. Laramar performed a full evaluation of all the e-invoicing solutions available in the real estate industry today and decided that Nexus Systems best fits their needs. Laramar preferred PayablesNexus’ ease of use through its clean, intuitive interface, its fully automatic two-way integration with their Yardi-hosted Voyager Accounting System, and Nexus Systems’ depth of experience in the real estate and multifamily industry. “Laramar prides itself on its constant improvement in our policies and procedures. We identified e-invoicing as a way to gain further efficiency in our operations and Nexus Systems, through our extensive evaluation, proved itself to be the industry leader in providing both e-invoicing software and scanning services. The PayablesNexus product has all of the functionality that we were looking for and was by far the easiest to use of the products we evaluated,” said John Homer, AP Manager at Laramar. “Laramar’s track record of excellent communities, customer service, growth and providing a solid return to their investors are proof that their goal for efficiency is always in the forefront. By adding PayablesNexus to their robust Yardi-hosted accounting system to place better control in spending and approvals, they will assure that through their continued growth, they will enjoy increased efficiency and returns," said Thomas Runyon, Vice President of Sales at Nexus Systems. About Laramar (www.laramar.com)
Laramar, with corporate headquarters in Chicago, Illinois and property management headquarters in Denver, Colorado, is a fully integrated real estate investment and management company with nine regional and operating offices and over 500 employees across the United States. Since 1989, Laramar and its predecessor have invested in transactions throughout the United States representing total value in excess of $1.6 billion. About Nexus Systems, Inc.
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
jshaw@NexusSystems.com
703-524-9101 |
