Nexus Systems, a Falls Church, VA-based provider of integrated procure-to-pay (P2P) software for medium and large enterprises, secured a $28m minority growth equity investment.
Mainsail Partners made the investment.
The capital will be used to accelerate product development, scale sales and marketing, and grow our onboarding and client service teams.
Launched in 1999 and led by Tom Coolidge, CEO, Nexus Systems provides NexusPayables, a cloud-based software solution to effectively automate and manage the entire accounts payable (AP) process from purchase to payment. The software is equipped to digitally manage each aspect of the P2P process, including on-site purchasing, POs, approval workflow, invoice data capture, and vendor compliance, all while integrating data with a company’s existing ERP and/or general ledger accounting system. Additional modules include NexusCatalog and NexusVendorConnect that streamline the creation and transmittal of purchase requisitions with vendors, and assist in the enforcement of purchasing policies. On the other side of the invoicing process, Nexus Payment Services facilitates payments to vendors, ensuring compliance with payment terms, improving vendor relations and facilitating early payment discounts.
Clients include commercial and residential real estate firms as well as organizations in non-real estate, high invoice volume industries, including healthcare, hospitality and construction.