About NexusPayables
NexusPayables (Bottomline) is invoice automation tailored to real estate organizations that manage high invoice volume across properties, workflows, and general ledgers. The product focuses on digitizing invoice intake, routing approvals with controls, and pushing coded data into the GL to reduce errors and shorten cycle times. Bottomline also promotes adjacent procurement modules—like electronic purchase orders and job cost tracking—so AP stays connected to property operations rather than operating in a silo. Key capabilities: • Invoice capture and coding for property/GL complexity Configurable approval workflows and controls Electronic PO creation and procurement centralization Job cost tracking and visibility GL integration to transmit invoice data Best for: real estate AP teams modernizing invoice processing and controls.
**Nexuspayables**, developed by Bottomline Technologies, is an advanced accounts payable automation solution designed to transform how businesses handle their invoice and payment processes. Launched with a focus on the real estate sector, it has evolved to serve a broader range of industries, bringing sophisticated technology to streamline financial operations and enhance efficiency. The core strength of Nexuspayables lies in its ability to automate complex accounts payable tasks, significantly reducing manual effort and minimizing errors. At its heart, the platform excels in invoice capture and processing, leveraging optical character recognition (OCR) and other data extraction technologies to accurately capture invoice details from various sources. This automated data capture not only accelerates the processing time but also ensures greater accuracy compared to traditional manual entry methods. Complementing this, Nexuspayables features configurable approval workflows that align with organizational structures, ensuring that invoices are reviewed and approved by the right stakeholders before any payments are made. This capability is crucial for maintaining compliance with internal controls and financial regulations, thus preventing unauthorized or erroneous payments. Payment automation is another standout feature of Nexuspayables.
Pros & Cons
- Efficiency: Automates invoice processing and payments, reducing manual effort and errors.
- Customizable Workflows: Provides configurable approval workflows to fit organizational needs.
- Comprehensive Reporting: Offers detailed analytics and reporting to aid in financial management and decision-making.
- Vendor Management: Centralizes vendor information and streamlines vendor-related processes.
- Automation: Reduces the need for manual intervention in payment and invoice processes.
- Regional Focus: Primarily tailored for the real estate sector in the US, which may limit its appeal to other industries.
- Support Options: Limited to email and phone support; no live chat may be a drawback for some users.
- No In-App Marketplace: Lacks an in-app marketplace for additional features or third-party integrations.
- Complexity: May have a learning curve for users unfamiliar with AP automation systems.
- Pricing Transparency: Specific pricing details are not publicly available and generally require direct inquiry.
Features
Key features
Automatically captures invoice data and processes it with minimal manual intervention, reducing errors and processing time.
configurable workflows for invoice approval ensure that all invoices are reviewed and approved by the appropriate stakeholders before payment.
Automates the payment process, including electronic payments, check issuance, and reconciliation, to streamline financial operations.
Manages vendor information and relationships, including onboarding, data validation, and communication.
Provides detailed reports and analytics on accounts payable activities, helping businesses track performance and manage cash flow effectively.
Additional features
Uses OCR and other technologies to automatically capture invoice details, reducing manual data entry.
Matches invoices with purchase orders and receipts to ensure accuracy before approval.
Configurable workflows that can be tailored to meet organizational approval requirements.
Automates the payment process, including scheduling and executing payments through multiple channels.
Provides a portal for vendors to submit invoices and track payment status.
Generates detailed reports on expenses, including analysis and trend tracking.
Stores and manages electronic copies of invoices, receipts, and other related documents.
Ensures adherence to financial regulations and internal policies.
Seamlessly integrates with major ERP and accounting systems to synchronize data and streamline operations.
Defines user roles and permissions to control access and maintain data security.
Pricing
Countries & Languages
Available in
Interface languages
Billing currencies
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About NexusPayables
NexusPayables (Bottomline) is invoice automation tailored to real estate organizations that manage high invoice volume across properties, workflows, and general ledgers. The product focuses on digitizing invoice intake, routing approvals with controls, and pushing coded data into the GL to reduce errors and shorten cycle times. Bottomline also promotes adjacent procurement modules—like electronic purchase orders and job cost tracking—so AP stays connected to property operations rather than operating in a silo. Key capabilities: • Invoice capture and coding for property/GL complexity Configurable approval workflows and controls Electronic PO creation and procurement centralization Job cost tracking and visibility GL integration to transmit invoice data Best for: real estate AP teams modernizing invoice processing and controls.
NexusPayables Details
NexusPayables's In-App Market Place
Does NexusPayables have an in-app market place?
Yes
How many Mini-Apps in the marketplace?
1
Mini Apps
N/A
Pricing Options
Accepted Payment Currencies
USD ($), EUR (€), GBP (£), CAD (C$)
Pros & Cons
- Efficiency: Automates invoice processing and payments, reducing manual effort and errors.
- Customizable Workflows: Provides configurable approval workflows to fit organizational needs.
- Comprehensive Reporting: Offers detailed analytics and reporting to aid in financial management and decision-making.
- Vendor Management: Centralizes vendor information and streamlines vendor-related processes.
- Automation: Reduces the need for manual intervention in payment and invoice processes.
- Regional Focus: Primarily tailored for the real estate sector in the US, which may limit its appeal to other industries.
- Support Options: Limited to email and phone support; no live chat may be a drawback for some users.
- No In-App Marketplace: Lacks an in-app marketplace for additional features or third-party integrations.
- Complexity: May have a learning curve for users unfamiliar with AP automation systems.
- Pricing Transparency: Specific pricing details are not publicly available and generally require direct inquiry.
NexusPayables's Support Options
NexusPayables's Alternatives
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