How to Improve Accuracy
I recently had a client ask me how to best to decrease billing errors. We know that financial...
By: Shane Bender on Jan 10, 2021 2:54:59 PM
Bill payments can be overwhelming with all their steps and processes. As a CFO, I am always looking for ways to improve processes and save time. If I can do this while improving internal controls, then this is a Win-Win. I've found the best way to do just this with bill payments!
Do you ever ask yourself these questions?:
I've found the best accounting application that can help you do all these things. The amazing app is called Bill.com. I've implemented it multiple times and highly recommend.
Bill.com will do all of the following to improve your Accounts Payable process:
These features are amazing because they streamline the bill payment process and steps. In one place, you can do everything you need for your business with ease.
There is a cost to get the app, but it is very small in the long run. The recommended package is the Corporate ($69 user/month). However, this app will save you money because of the time you don't spend doing bill payments. Remember, time is money!
Instead of bill payments taking up your time, you can focus on more important business tasks like business development, marketing, strategy, and team development — tasks and projects that will make you money instead of make you loose money.
Look at your hourly rate and you'll realize that if you can save a few hours a week or even a month from tasks such as bill payments, it adds up and is worth the investment.
Another benefit is that it can be easily outsourced to a bookkeeping firm. I have one that I have used for 4 years that can implement and maintain Bill.com.
Curious about other ways your business or agency can save money? Bender CFO Services can help you gain command over your finances. Contact us today to learn more.
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