Lighten the Workload: How to Maximize Your Business with AP Automation
In this series of posts so far, we’ve covered the basics of digital business payments including how they differ from consumer payments and how they transform the back office.
Now, it’s time to explore how digital business payments truly optimize accounts payable automation for maximum efficiency and time-savings.
When you think about automation, you might visualize factories and the machines that manufacture cars and assemble lawn chairs. Today’s cloud-based technology works on the same premise when it comes to digital business payments. It takes over highly specialized and administrative tasks and runs them from start to finish.
Let’s look at how this works for AP automation. With AP automation, you boost your efficiency by eliminating data entry, streamlining workflows, and offering broader payment options such as integrated international payments.
How AP Automation Works
Traditional accounts payable processes are slow and can lead to missed payments and late fees. AP automation from Bill.com is more than just accounts payable software. Automation allows you to spend 50 percent less time on the bill payment process.
With Bill.com AP automation, your accounts payable process is reduced to four simple steps:
- Import bills via direct email, file upload, mobile image capture , or fax and allow Bill.com to code your bill or enter codes manually.
- Bill.com sends an automatic notification to approvers, who can review the bill with a single click or swipe.
- The final approver authorizes domestic or international digital payments via ACH or another payment method.
- Bill.com syncs transaction, vendor, and payment information with top accounting software programs such as QuickBooks Online, Sage Intacct, NetSuite, and Xero.
This video shows AP automation in action.
If you’ve made the switch to digital business payments, it’s time to see how AP automation can make your life even easier. Sign up for a 30-day risk-free trial of Bill.com today to find out how you can simplify your digital business payments with AP automation.
Next we’ll show how your business can get paid faster with AR automation. Be sure to subscribe to our blog and you’ll get a notification when it is live.