Nexus Pricing, Features, Reviews & Comparison of Alternatives

Nexus

AP & Payments Automation Built for Real Estate

4.48/5 (27 reviews)

Nexus overview

What is Nexus?

NexusPayables automates and manages the entire accounts payable process from purchase to payment. The NexusCatalog module streamlines the procurement stage by letting you browse a catalog of services and products offered by a selection of your approved vendors, comparing prices and auto-populating purchase orders during check-out. From here the app lets you create purchase orders, send them through approval workflows, apply business rules, validate data, and submit them electronically to suppliers.

A range of invoice submission options are supported by NexusPayables, such as e-mail, electronic submission via the vendor portal (NexusVendorConnect) or paper. Invoices are sent through an approval workflow that can be configured to match your business process needs. Rules can be as complex as you wish and based on multiple criteria, such as dollar amount, GL code, or over-budget amount. Completing the procure-to-pay process, Nexus offers a number of payment services such as virtual credit card, ACH, and check.
nexussystems.com

Pricing

Pricing options
Subscription
Value for money
View Pricing Plans

Devices

Business size

S
M
L

Markets

United States, Canada, Australia

Supported languages

English
Nexus screenshot: NexusPayables multi-device optionsNexus screenshot: Track all purchase ordersNexus screenshot: Approve or reject purchase orders

Nexus reviews

Value for money
Features
Ease of use
Customer support
  4.5
  4.4
  4.3
  4.2
Anonymous

This is the AP invoicing software you want to use in tandem with MRI

Used daily for 2+ years
Reviewed 2016-12-16
Review Source: GetApp

Excellent product. Can't say enough about the team behind it. They really do take feedback from their customers and add to releases. If you have a de-centralized AP department the product is invaluable for expediting invoices.

Pros
The ability to view the invoice images on a split screen Speed of processing Workflow options Works with multiple entities/companies at once A wonderful historical research tool Pulling invoices for reviews, auditors, etc. is a breeze

Cons
1099s images are stored but not retrievable in a bulk report

Rating breakdown

Value for money
Ease of use
Features
Customer support

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Diane Caton

Nexus Payables Leads Automated AP

Used daily for 2+ years
Reviewed 2017-06-16
Review Source: Software Advice

Pros
Nexus is an industry leading in automated accounts payable. Since implementing this platform we have improved our processes, delivered efficiencies, and decreased our processing time for invoices. The workflow-based routing on invoices enables us to easily and quickly distribute invoices to the appropriate coders and approves regardless of their physical location and has completely eliminated the "paper shuffle" and given us 100% accountability for invoices from the date of receipt to the date of payment.

Cons
Nexus works consistently to stay at the top of its sector. Custom reporting would be a valued addition to the platform.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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Paul No

Invoices for small companies, NOT for bigger companies with more invoice load

Used daily for 6-12 months
Reviewed 2018-08-30
Review Source: Software Advice

I would not advise using this product for the price. I would stay with AVID

Pros
SaaS environment. I have nothing else to say positive to say about the system. They truly lack any capacity in higher invoice loads

Cons
Bad integration with MRI, not always syncing. Bad and unskilled customer service and support. Tickets are left open for 2 or weeks more. No updates with ticket and lack of communication. "Custom reports" are not customizeable. Reporting is very awkward and backward for SOX compliance.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 1/10

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Mathew McEntyre

Great User Functionality

Used daily for 6-12 months
Reviewed 2020-02-26
Review Source: Capterra

Functionality, quickness of processing, and ease of downloading and auditing approval/change flow cannot be beat, would highly recommend

Pros
Ease of using, approving, and reviewing invoices/documents.

Cons
Properties/workflow setups can have a few kinks to work through and set-up depending on your end users desires and preferences

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 9/10

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Chris MacKinno

Nexus is the Best

Used daily for 2+ years
Reviewed 2017-04-20
Review Source: Capterra

They have the best customer service. The Application is easy to use so as you add more staffing the training for the system takes no time at all. The are bery good at making enhancements that help their customer's business. We are vey happy with Nexus and have been using Nexus for over 6 years now.

Pros
Easy to use Great for audit trail Good for Company approval workflows Cost effective Automation of the A/P process Save money on going paperless More efficient approval process

Cons
None

Rating breakdown

Value for money
Ease of use
Features

Likelihood to recommend: 10/10

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Nexus pricing

Pricing options
Subscription
View Pricing Plans

Contact Nexus Systems for pricing details.

Nexus features

Accounting Integration
Audit Trail
Automatic Notifications
Billing & Invoicing
Compliance Management
Customizable Reporting
Electronic Payments
Expense Tracking
Financial Analysis
Invoice Management
Invoice Processing
Reporting & Statistics
Third Party Integration
Workflow Management

API (280 other apps)
Accounting Management (183 other apps)
Activity Dashboard (231 other apps)
Data Import/Export (183 other apps)
Multi-Currency (166 other apps)
Real Time Data (147 other apps)

Security and privacy

Encryption

Encryption of sensitive data at rest
HTTPS for all pages

Access control

Multi-factor authentication options
This will ask you to sign in with LinkedIn

Additional information for Nexus

Key features of Nexus

  • Approval routing
  • Automated workflow
  • Automatic two-way integration
  • Budget control
  • Consolidated reporting
  • Electronic invoice capture
  • Electronic payments
  • Electronic purchasing
  • Invoice automation
  • Mobile app
  • NexusConnect – supplier portal
  • Online supplier catalog
  • Optical character recognition (OCR)
  • Purchase order automation
View All Features

Benefits

Use NexusCatalog to browse a selection of multiple vendor catalogs, comparing items and prices, within an approved supplier network.

Automate the purchase order process by creating POs directly from NexusCatalog, routing them for approval, validating data and submitting POs to suppliers electronically.

Nexus offers a number of invoice capture options such as electronic submission, a cloud-based optical character recognition (OCR) app, in-house self-scanning, or the option to outsource the process to Nexus.

Use NexusMobi to view, approve, or reject purchase orders, invoices, and receipts from mobile devices.

NexusVendorConnect provides a way for vendors to submit electronic invoices online, and view invoice statuses and payment info.