Moving your AP automation to the cloud: best practices for a digital practice

Moving your AP automation to the cloud: best practices for a digital practice

Wednesday, July 22, 2020 4:00 AM to 4:30 AM · 30 min. (Africa/Abidjan)
Digital Practice Channel
Presentation
Accounting PracticeDigital Practice

Information

 Thanks to the leading cloud accounting solutions such as Xero and Receipt Bank you can have all your financial data fully digital, safely and securely stored in the cloud. However, in many cases the end-to-end AP process still relies on paper signatures and/or email, which keeps you from becoming a fully digital practice. 

By attending this session you will learn: 

  • About the Xero-based app stack
    that enables end-to-end AP automation 
  • How to transition your
    clients to fully digital and cloud-based accounting systems 
  • Best practices of setting up
    essential authorization and spend control processes  
ApprovalMaxApprovalMax is the best-in-class approval app for accounts payable and accounts receivable. It extends Xero with approval-driven financial controls, enhancing efficiency, transparency and speed of processes. ApprovalMax replaces paper- and email-based approval routing with fully automated multi-role and multi-tiered approval workflows. No matter how complex approval workflow your client might have, it can be easily set up in ApprovalMax. After the initial setup, it runs like clockwork, with intuitive user interface, automated notifications, possibility to approve from mobile, and audit reports attached to every approved purchase order or invoice, documenting the steps of its approval. ApprovalMax facilitates easy practice to client collaboration and enhances provisioning of all kinds of outsourced financial services ranging from compliance to advisory in various industries. Clutter-free, fully digital accounting with the relevant data available in the online system of records enables automated approval task handover even in geographically distributed or remote teams.

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