Case Study: Peterson Companies achieves faster invoicing, 24/7 invoice visibility, and automated AP with MRI Software

Peterson speeds up invoicing, gains visibility, and brings data together with Nexus and MRI Software

Peterson Companies, one of the largest privately owned real estate developers in the Washington, D.C. area, relied on MRI’s finance software for decades but still managed accounts payable manually. Monthly AP tasks—from receiving and approving invoices to compiling reports—were time-consuming, required in-person sign-off from dispersed approvers, and offered little visibility into invoice status.

Peterson implemented Nexus, integrated with MRI, to automate invoice routing, enable remote approvals, and eliminate manual double entry. With Nexus they gained real-time reporting and 24/7 invoice visibility, cut property managers’ weekly invoice time by 52% (10 vs. 21 hours), reduced AP data entry by 83% (2 vs. 12 hours), and slashed reporting time by 82% (5 vs. 29 hours), while automating data flow between Nexus and MRI for easier reconciliation.

Peterson Companies

Cindy Singer

Vice President, Accounting