15 September 2022
Funds options supplier Bottomline has acquired actual property funds software program firm Nexus Programs for an undisclosed quantity.
This acquisition will mix Nexus’ capabilities, clients and suppliers with Bottomline’s Paymode-X B2B funds community, extending the community’s capabilities in the true property vertical.
Paymode-X processes over US$300 billion in funds yearly on behalf of over 500,000 companies. The service has been named “Market Chief” in Ardent Companions’ ePayables Know-how Advisor report.
Nexus Programs specialises in accounts payable and funds automation software program for the true property and property administration industries. Mainsail Companions was its solely personal fairness investor previous to the transaction.
Craig Saks
“We proceed to proactively spend money on a world class platform of companies paying and getting paid digitally, combining Nexus’ industrial actual property experience with the size of the Paymode-X community,”
mentioned Craig Saks, CEO, Bottomline.
Tom Coolidge
“Nexus and Paymode-X share a imaginative and prescient to automate all the actual property and property administration accounts payable course of, throughout procure-to-pay, with one answer.
We strengthen that dedication to clients by accelerating the NexusPayables roadmap, offering rapid entry to Bottomline’s in depth capabilities, and enabling them to pay over 500,000 distributors throughout the Paymode-X community,”
mentioned Tom Coolidge, CEO, Nexus Programs.
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