Nexus, a premier provider of software for the real estate industry, announced a strategic alliance with U.S. Bank that automates the entire accounts payable process, end-to-end, for real estate customers. With the Nexus solution, transactions between buyers and suppliers feature a seamless, transparent flow of real-time data throughout the lifecycle and through the marketplace, resulting in improved efficiencies and reduced fraud.
Both Nexus and U.S. Bank are recognized for their expertise in commercial real estate accounts payable and payments management, as well as their understanding of buyer and supplier needs and the importance of customer relationships. This partnership uses the card processing engine of U.S. Bank to facilitate the Nexus Card, a virtual payment option offered by Nexus. As a result, suppliers are able to:
"Teaming with U.S. Bank brings together two of the most admired and respected companies in the real estate industry," said Jennifer Coolidge, founder and president of Nexus. "Not only is U.S. Bank the fifth largest bank in the country, but it has also been named one of Fortune 2018 World's Most Admired Companies as well as a 2018 Most Ethical Company by Ethisphere Institute. Like Nexus, U.S. Bank appreciates the real estate business model and understands the value proposition to the customer of the full procure-to-pay lifecycle."
"Commercial real estate clients rely on U.S. Bank to provide the right resources and tools to grow their businesses," said David Frieder, Senior Vice President for U.S. Bank Corporate Payment Systems. "The Nexus platform uses the best of U.S. Bank Corporate Payment Systems to add significant value for clients. Nexus reduces costs and provides real-time payment data for clients while minimizing cumbersome onboarding administrative functions."
U.S. Bank is offering the Nexus solution to both current clients as well as non-bank customers through its dedicated Commercial Real Estate offices in 30 major markets. U.S. Bank has deep real estate industry expertise and offers a comprehensive set of financial service solutions including credit, deposit and payment solutions, and many others.
Re-disseminated by The Asian Banker from Reuters.com