Are you looking for an easier, more efficient way to manage your company’s bill pay? Manually entering invoices and waiting on approvals and signatures can cause significant delays. Fortunately, there is a better way with Bill.com. Bill.com uses automation technologies and digital processes to streamline your accounts payable processes, not only saving time that is crucial for focusing on more pertinent matters, but also eliminating logistical challenges such as double entries, voiding and reissuing checks, as well as unnecessary paper trails.
Here’s five advantages of using Bill.com:
1. Remain in control with an automated process
There is no longer a need to sort through copious amounts of paper or enter endless lines of data- Bill.com will take care of this for you. You will still have full control of each bill payment by reviewing and approving bills, or by setting up automated approvals for recurring payments. Additionally, you’ll have the ability to customize role-based access and assign bill and payment approval workflows.
2. Remove paper from your process
With Bill.com, everything is handled digitally to reduce the amount of paper trails and ensure a more seamless way to track documents. Not only does this create more time for important projects, but this also helps to improve the environment by reducing paper waste.
3. Spend less time on your AP process
Bill.com automates payments from start to finish, reducing manual processes, and giving you the time you need to focus on your business.
4. Increase accuracy and reduce fraud
Bill.com’s use of artificial intelligence makes your company’s payment processes much more secure. With their use of artificial intelligence and an automated pay service, your files are continually organized, sorted, and stored in one virtual location so that you can feel confident in your billing model, and protected against fraudulent activity.
5. Pay vendors how they want to be paid
Managing your organization’s billing process can be daunting, but by utilizing Bill.com and their access to payment options such as domestic ACH, international wires, and virtual card, you’re ensuring a more flexible and efficient way to pay vendors how they want to be paid.
Bill.com saves you time and energy, reduces the risk of fraud and error, and incorporates more flexibility into your bill management process – plus it also has mobile functionality so you can pay bills on the go. Janover’s Outsourced Accounting Solutions leverages Bill.com to streamline our clients’ bill-pay processes. Contact us today to learn more about our Outsourced Accounting Solutions.