Automated Payables

Optimize cash flow by automating your invoice processing

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Your time is valuable. Prioritizing efficient cash flow can add to your business's profitability. Gain control over your cash flow by automating your invoice and payment processing. If you process 50 or more per month, our Automated Payables provides you an end-to-end solution that saves times as well as money.

Benefits

  • Increase efficiency with online invoice and payment approvals, eliminating manual checks and simplifying electronic payments
  • Lower payment processing costs up to 70%
  • Control outgoing cash flow by ensuring payments reach your vendors on time
  • Optimize timing of payments to take advantage of early payment discounts
  • Reduce risk with advanced payment security controls
  • Improve internal accounting controls by implementing segregation of duties and dual approval

How it works

By simplifying the payment process, you add value to your company's financial health.

  1. Capture: Automatically extract important invoice information from paper or electronic invoices. Review and route to proper departments for approval.
  2. Approve: Electronically route invoices to the appropriate people for approval with customized workflows.
  3. Authorize: Follow your current cash management policies to authorize invoices.
  4. Execute: Streamline the payment process with one, secure interface.
    • Checks are issued directly from your bank account. So you avoid printing, signing and mailing.
    • ACH payments automatically originate from your bank account and are directly transmitted to us for processing.
    • Commercial virtual credit card payments are sent to enrolled suppliers.

Supported software

Automated Payables works seamlessly with many accounting packages—and we continue to add more. If you don't see your accounting software, ask us for data exchange options that support your system.

  • Quickbooks® Desktop
  • Quickbooks Online
  • Microsoft Dynamics® GP
  • Intacct®
  • Netsuite®
  • XeroTM
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