Streamline debt collection and automate the approval and payment of purchase invoices

In many companies, invoicing requires input from the business owner and employees, which means that invoicing cannot be outsourced. In such cases, the most efficient way of dealing with invoices is for the client to handle the invoicing themselves and for the accounting firm to handle the accounts ledger. If the client has bulk invoices that recur in the same form (such as for rent), we can handle those on the client’s behalf.

If the client has their own invoicing software, data in it can be transferred into our accounting software via an interface or data transfer. Our accounting software automatically includes ledgers for both accounts receivable and accounts payable. The digital ledger allows us to automate the sending of reminders and ultimately refer invoices for debt collection. Automation often reduces both work and the need to think about whether to send reminders or to refer invoices for debt collection. When it happens automatically, no one questions the arrangement.

The software receives purchase invoices electronically. When you switch to this system, we will provide you with electronic invoicing information, which you can pass on to the people who send your invoices. We can also transmit information about your new e-invoice address to your suppliers on your behalf. After that, you will no longer receive paper bills. We will assign one or several persons at your company to check and approve the purchase invoices. Authorising the invoice will, if wanted, automatically send it directly to be paid without logging in to your online bank or separate banking software. This will save you a lot of time and, afterwards, you can easily find the invoices in the electronic system.

Ledgers for accounts receivable and accounts payable in the same software make it possible to monitor liquidity and cash flow reports and forecasts. This makes it much easier to plan which invoices will be paid first.