Accounts Payable Made Easy, The Marriage of Bill.com and QBO – You Need Both
How can your small business, nonprofit or social enterprise relieve this operational pain point?
Ah, pesky little accounts payable.
Without proper technology and oversight, A/P can easily be one of the biggest thorns in your side. The reason for that is two-fold:
It’s expensive – It can cost as high as $15 to manually process one invoice from receipt to payment. This is one of the highest costs in your back office.
It’s inefficient – The workflow process is laden with opportunity for errors. A toddler running free in your office could make less mess than an A/P mistake.
So, what’s the solution? How can your small business, nonprofit or social enterprise relieve this operational pain point?
First, we must address the common misconception that QuickBooks Online (QBO) is sufficient for A/P. Solely, it is not. Our team at Blue Fox use both platforms together to most effectively serve our clients. (Our Top 4 Back Office Tech Tools)
Recently our CEO, Chantal Sheehan wrote a guest feature post for Bill.com that highlights the unique benefits only Bill.com software can deliver. They are:
Higher variety of role assignments for automated multiple approver workflows
Lower costs for international payments, and streamlined currency exchanges
Digitized document trail for future audit preparation
The Intelligent Virtual Assistant (IVA): an accuracy and efficiency dream come true
Automated data transfer between platforms: one transaction in Bill.com automates three transactions in QBO
Don’t get us wrong, QBO is simply amazing. We’re just saying that both platforms used together catalyze each other’s benefits.
Our full article gives specific details and examples. It’s a must read!
Then, give Blue Fox a call at (321) 233-3311 or email us when you’re ready to automate and streamline your back office. When that’s taken care of, you can focus on what really matters: your mission and serving your community.
