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An Easy Accounts Payable Solutions for Small Businesses
As a small business, how are you managing accounts payable?
Early on with a small business, it’s pretty common to use a manual, paper-based process. You simply write a check for invoices when they come in, and you might track payments in Excel or some other program. Later, you might start using accounting software like QuickBooks to help make things easier.
As your business grows, using manual processes or paper signatures to track invoice receipt, approval, and payment details just isn’t feasible anymore. It’s not an efficient way to manage Accounts Payable (AP). Also, paper-based systems and Excel files lack security. They’re also not easily scalable for your growth.
Enterprise-level solutions can be effective, but this isn’t often feasible for small or even medium-sized businesses. If you’ve outgrown your old accounting methods but are hesitant to spend the time and money necessary for implementing a large enterprise suite, then NextProcess’ AP Automation Software may be the right fit for you.
Big-Business Benefits in A Small Business Software
Do you really need an expansive AP suite if you have fewer than 2,000 invoices a month? (No, not really.) What you need instead is a solution that fits your needs and allows for plenty of growth. Ideally, you’ll get all the benefits of enterprise software in a package tailored to your needs.
That’s what NextProcess offers. Our self-service suite is perfect for small and medium-sized businesses because it gives you all the features you need at a price you can afford. And it does this without the long implementation time common with other software.
Here’s how it works: NextProcess is a cloud-based business processing automation (BPA) software. Since it’s cloud-based, we can implement it relatively quickly. Down the road, using a cloud-based solution works out great for you because you’ll have access to the newest version of the software as we continue to update and improve it.
Our software solution scales to whatever needs your business has. So, it’s the same software solution that our enterprise-level clients are using but tailored specifically to your small business needs. You pay per transaction, so you’re only paying for exactly what you need. The software also scales effortlessly as your business grows.
Key Benefits of NextProcess’ AP Solution
NextProcess’ Accounts Payable module—like other solutions in our software suite— puts the power in your hands as a business owner. You’ll get centralized control over your accounts payable, standardized rules and operations, and quick and accurate payments, all at a price that is lower than your current operating model.
Key benefits include:
- Quick implementation—limited IT requirements, simple setup, and quick learning curve.
- Simple integration—NextProcess works seamlessly alongside QuickBooks, Microsoft Dynamics 365, and other ERP systems.
- Self-managed functionality—you have control over all your business processes and can customize the software to meet your needs.
- Safe and secure—it’s easy to customize permissions and restrict visibility by location, vendor, and more.
- Affordable with significant ROI—AP automation cuts processing costs for invoices dramatically versus manual, paper-based processing.
- User-friendly and intuitive interface—the software is easy to use, making AP work go quickly and smoothly.
- Free vendor portal—your vendors can log in to check the status of their invoices and update their own information, freeing you up from answering calls and questions.
- Easy access from anywhere in the world—you and however many employees you set up as authorized users can access the accounts payable platform from any internet-enabled device.
Conclusion
Implementing NextProcess’ AP solution makes your life easier as a business owner. Instead of being frustrated with your accounts payable processes, you can focus your energy on more important things, like running your business.
Automating routine accounts payable tasks like data entry, matching invoices with purchase orders, and tracking payment deadlines frees up time. With AP automation, you’ll get faster and easier invoice processing while spending less time on paperwork.
Small and medium business owners deserve their own accounts payable solutions—one that’s designed to meet their needs through customizable, user-friendly software. For more information and to set up a free demonstration of our software, contact us today!
