Accounts Payable Outsourcing and Automation
Increase your savings and control with automated invoice processing!
Let IQ BackOffice take that stack of paper invoices off your desk and ready them for digital approval and electronic payment. With our cloud-based software, we’ll have them back in less than a day, for less than half the costs you’re used to.
IQ BackOffice – State-of-the-Art Accounts Payable Outsourcing and Automation Technology
Our highly-trained staff codes your unique business rules into the latest automation technology and our state-of-the-art Archimedes cloud-based workflow, where:
- Invoices are digitized and payment approvals are automated
- Your account coding, routing and invoice matching rules are automatically applied
- Exceptions are routed for timely resolution
- Duplicate billing is caught by reviewing each invoice across multiple data points
IQ supports every type of invoice receipt, including:
- Electronic invoice file submission, including EDI
- OCR of scanned uploaded or emailed invoices
- Our proprietary IQR solution, which uses advanced technology to read a vendor’s PDF invoice
IQ will work with you to help you convert your vendors to the latest most efficient receipt methods.
Regardless of how your suppliers submit bills, they are all processed with our trademark 99.97% accuracy!
IQ also supports cost-efficient payment processing via checks, ACH, wire transfers and virtual credit cards that provide rebates back to you. Our disbursements solutions offer:
- Enhanced visibility into your accounts payable cash flow
- The flexibility to work with any bank, with no charge for changing banks
- Reduced vendor remittance costs through online presentment and self-service options
- Secure virtual credit card payments, with cash-back revenue options
IQ BackOffice – Accounts Payable Outsourcing and Automation Best Practices
We’ll standardize your processes with SSAE 18 Type II procedures. Our best-practices approach gives you better control over your processes with access to your accounts payable information at your fingertips. Instead of hunting through file folders or emails, a few clicks take you to any invoice and its status. Within seconds, you can see a comprehensive audit trail to find out everything about it, including : when it was received, who needs to review or approve it, how long they’ve had it, any issues or comments associated with it, if it is a duplicate of another invoice and which one, or if it has been paid and when.
IQ BackOffice – Comprehensive yet Flexible Solutions
IQ BackOffice offers a full range of services for you to choose from ranging from a fully outsourced AP department to a la carte offerings such as: software licensing, reviewing and reengineering your AP processes, and vendor management services that include capturing W-2s, processing 1099s, as well as client and vendor support. IQ also supports same-day check request processing, exception processing, vendor scorecards, and multi-language and multi-currency invoices.
With IQ BackOffice, your AP processing becomes accessible, efficient, timely and accurate.
Let’s talk about how our Accounts Payable Outsourcing and Automation services can improve your cashflows while saving you time and money. Contact IQ BackOffice today to discuss improving your business.