To confront the rapidly evolving world, there's simply no time for manual processes. Moving away from manual payments and receivable processes to automation of (AP) and (AR) are essential for businesses. Integrating AP and AR solutions with Intuit's QuickBooks Online, QuickBooks Enterprise, or QuickBooks Desktop further enhances the automation experience for your company's financial processes.
What is AP Automation with QuickBooks?
AP automation eliminates AP friction heavily caused by traditional paper check payments and manual processes by streamlining the entire payments process through automating the finance processes of a business. cuts out the paper records by electronically securely storing invoices and financial documents. AP automation for QuickBooks maximizes productivity, ultimately saving time and cost for businesses.
If you are still unsure why AP automation is key to business success, read "The Current State of B2B Payments & Trends Fuelling Automated Payments" and "Why SMB's Need B2B Payment Solutions that Move Their Company Forward" to understand the importance of AP automation for your business. If you are an accountant or bookkeeper, you can learn "Why You Should Start Selling AP and AR Services to Your Clients" as well.
Benefits of AP Automation with QuickBooks.
Payment Freedom with Control
Automating accounts payable for QuickBooks will allow your business to easily make single or batch electronic payments, including to your international suppliers. Accounts payable automation provides safe and hassle-free remote payments options with a secure electronic payment approval workflow. There's no need for making trips to the bank or office and wasting time chasing down approvals. An easily accessible email notification with a click to approve the payment will significantly reduce the turnover time for payment approval.
Greater Transparency with Improved Cash Flow
As AP automation enables automatic reconciliation providing accurate data, the saved time can be used towards financial forecasting to focus on business growth. Besides, businesses can make strategic decisions with complete visibility of the entire cash flow allowing the company to make confident financial decisions. Additionally, financial visibility and transparency allow optimizing financial processes to improve cash flow.
Goodbye Error-Prone Manual Processes and Hello Automation with Accurate Record
Adopting AP automation for QuickBooks can eliminate meaningless routine work of manual data entry and manual reconciliation. When a payment is made or received, no effort is needed as AP software will automatically reconcile in QuickBooks with accurate data.
Prevent Fraud Saving Thousands of Dollars
According to the Association of Certified Fraud Examiners (ACFE), small and medium-sized businesses (SMBs) are more likely to face four times higher check and payment tampering. Utilizing AP automation to reconcile with QuickBooks automatically will eliminate the redundant tasks that lowered productivity and instead provide the time and ability to distinguish fraud activity. Moreover, AP automation maintains a complete audit trail, increasing the difficulties of fraudulent attempts.
Why Plooto is the AP solution to integrate with your QuickBooks
Anyone would want a complete experience and not a partial experience. Plooto, cloud-based accounts payable and accounts receivable solution, offer complete two-way sync with QuickBooks.
On top of all the benefits being available by choosing Plooto as the AP automation software for QuickBooks, Plooto also offers online check payments, recurring payments, and pre-authorized payments (PADs). Plus, custom payment approval tiers are available for automatically requesting payment approval from required representatives. Plooto integrates seamlessly with QuickBooks to automate accounts payable and accounts receivable processes.
Here's an example of how Plooto works with QuickBooks:
- With a click of a button, QuickBooks sync with Plooto importing bills into Plooto.
- Select a payment to make.
- Payment approvers receive notification to approve the payments online.
- When all approvers approve the payment, the payment is automatically sent by Plooto.
- Plooto keeps a complete audit trail.
- Plooto automatically reconciles records back into QuickBooks.