Nexus Systems, LLC

Nexus Systems, LLC specializes in automating accounts payable processes for the real estate sector, providing solutions that enhance efficiency and security in financial transactions. Founded in 1999 in Falls Church, US, Nexus Systems, LLC focuses on accounts payable automation for real estate businesses. The company was acquired by Bottomline Technologies, Inc. in September 2022 from Mainsail Partners.

CEO Ethan B leads the team, which includes founders Alexa Harmon, Jay Watson, Jennifer Coolidge, Shiva M. , Sourav Mohanty, and Thomas Coolidge. The company has successfully completed 2 deals, with its latest funding round being a GROWTH round that raised USD 28. 00 mn, amounting to a total of USD 28.

00 mn raised. Nexus Systems provides AP Automation solutions specifically designed for real estate, allowing businesses to digitize and automate their invoice-to-payment processes. The platform supports invoice scanning, coding, approvals, and payment processing through customizable workflows. Users benefit from electronic payment methods such as virtual cards and Premium ACH payments, which increase visibility and security against fraud.

With a client base exceeding 800,000 across 92 countries, Nexus Systems integrates seamlessly with existing property management systems, enhancing the procurement experience. Nexus Systems generates revenue through subscription fees and service charges associated with its AP Automation solutions for real estate. This B2B model enables real estate companies to subscribe to the platform for managing their accounts payable, thereby ensuring compliance and reducing operational expenses. Clients utilize the solution to automate invoice processing and payment authorization, ultimately improving cash flow management.

Revenue is structured based on client usage and tailored pricing based on selected modules and operational scale. The company aims to leverage its recent GROWTH funding of USD 28. 00 mn to enhance its product offerings and expand into new geographic markets. Specifically, Nexus Systems is focused on launching innovative features in its AP Automation platform designed for real estate within the next year.

Additionally, the company plans to enter the European market by 2024, allowing for broader service delivery and increased client engagement. The acquisition by Bottomline Technologies in September 2022 is expected to provide strategic support for these initiatives.