As we begin a new year it is a great time to consider ways to improve work processes and increase efficiency within your organization. One particular area that you might be able to be more strategic in your practice is the accounts payable and accounts receivable department.
Bill.com offers a safe, bank-level security, cloud based platform for streamlining accounts payable and accounts receivable. We’ll begin by highlighting the accounts payable benefits. Vendor invoices go directly to Bill.com where the information is entered (scanned), eliminating time consuming data entry. Invoices are then available for your review and approval. Think of it as your invoices arriving – already input into your system. Users of Bill.com retain full control over outgoing payments, but the information is already input for you. The information is fully digitized and fully accessible to users from anywhere there is an internet connection, including mobile devices. The system includes automated reminders and even notification if a payment doesn’t clear within 20 days (no more un-cleared checks hanging out there). This electronic management of accounts payable also makes vendor history easily accessible and audits a breeze. The solution also integrates with a number of accounting packages such as QuickBooks, providing even more efficiency. Check out their website for pricing options and the option to try their solution risk free.
Also, check out their article: 5 Reasons Your financial Data is More Secure in the Cloud
Let us know if you have ideas you would like to share to help improve efficiency within the organization!
