Accounting & bookkeeping
Nexus Systems
The Nexus accounts payable product for real estate is now sold by Bottomline, and the crawled product page carries the note "Formerly Nexus". It digitises and automates accounts payable for real estate companies - multifamily, commercial real estate and others - covering automated invoice processing, centralised procurement and secure payments in one invoice-to-payment workflow.
Payments run through Paymode, Bottomline's business payments network, which the site describes as used by over 600,000 member businesses and which supports premium ACH and virtual card payments to vendors, with enhanced remittance detail and fraud controls. Around the AP product, Bottomline sells payouts automation, receivables automation, a payments hub that centralises payment creation, controls and submission across banks and currencies, a global cash management hub, and payment fraud and internal threat monitoring.
Bottomline has been modernising business payments since 1989 and says it serves close to one million financial institutions and businesses in 92 countries, moving more than $16 trillion in payments annually. Its corporate headquarters is at 100 International Drive in Portsmouth, New Hampshire, with further offices including Reading in the UK, Geneva, Zurich, Prishtina, Bengaluru, Singapore and Melbourne. The company is a portfolio company of the private equity firm Thoma Bravo.
Because the Nexus brand has been folded into Bottomline, confirm which product name and contract a quote refers to, and check that your property accounting system is on the supported integration list before committing.
Best for
Multifamily and commercial real estate operators with enough invoice and vendor volume to justify a full AP platform plus a B2B payments network. Small owners paying a handful of vendors will find it heavier than they need.
What they do
- AP automation for real estate, from invoice to payment
- Centralised procurement
- Vendor payments over the Paymode B2B network
- Premium ACH and virtual card vendor payments
- Payouts automation
- Receivables automation
- Payments hub for multi-bank payment creation and submission
- Global cash management and reconciliation
- Payment fraud defence and internal threat management
Details
| Attribute | Value |
|---|---|
| Ownership | PE-backed |
| Offices | Portsmouth, NH, Bengaluru, India, Melbourne, Australia, Singapore, Singapore, Zurich, Switzerland |
What stands out
- The Nexus AP product is now marketed by Bottomline as AP Automation for Real Estate.
- Bottomline has operated since 1989 and says it serves financial institutions and businesses in 92 countries.
- States it moves more than $16 trillion in payments annually.
- Paymode, its B2B payments network, is described as having over 600,000 member businesses.
- Bottomline is a portfolio company of the private equity firm Thoma Bravo.