Business payments technology firm Bottomline Technologies has acquired fellow paytech Nexus Systems, a provider of accounts payable (AP) and payments automation software for the real estate and property management industries.
Nexus’ flagship procure-to-pay solution, its customers and suppliers, will join Bottomline’s Paymode-X B2B payments network, which processes over $300 billion in payments annually on behalf of 500,000+ businesses.
“The Nexus combination deepens what we can deliver to customers across real estate and property management, bringing to Paymode-X vertical depth and expertise through an incredibly talented team that has developed rich feature-functionality,” comments Tom Dolan, general manager for Paymode-X at Bottomline.
