IQ provides world-class management and internal controls, SSAE18 SOC 1 Type II Certified. Our software has identified more than $6 billion in duplicate invoices for our clients. Since IQ tracks all invoices step by step, we can also show which of your employees have yet to approve or resolve an invoice.
Significant & Ongoing Cost Reduction
Only 15% of Accounts Payable Department time is spent on data entry; IQ BackOffice Accounts Payable services addresses 100% of the AP effort with an average savings of 50% compared to internal AP departments.
Improved Exception Management
IQ identifies and highlights every exception by type, automatically routing exceptions to the right person to streamline resolution, and provides analytics on exceptions for Vendor Score Cards and continuous improvement.
Best-in-Class AP Automation
IQ BackOffice will work with you to use of the state-of-the-art technologies so that you can benefit from electronic invoicing and automated AP processing. We process most invoices within 24 hours and 99.7% accuracy.
IQ BackOffice is the most valuable vendor partner that I have onboarded at both my present and previous companies. The value of the soft cost benefits we achieved by working with IQ outweigh the significant hard cost savings achieved such as increased transparency and visibility, stronger compliance, easy accessibility to historical transactions and information, and reduced workforce frustration. We are regularly discovering additional back office processes that can be more efficiently and cost effectively handled by IQ.
We needed automation and workflow and Archimedes provides audit trails, visibility and controls. We were also interested in upgrading our ERP. IQ assisted us with our software selection and, as a Sage Intacct Accounting Partner, has an in-house support team to assist us with the system including supporting integration with our other systems and writing custom reports.
Andy PfertnerController at JustAnswer
Since 2011, IQ has been the best service we have ever discovered!!! Acting as a AP Department for us, we have never had an issue in getting all of our MILLION Invoices paid. With the approval process and checks and balances that IQ provides, on top of the quick turnaround response, it is like having an AP Department within your office! If you are a small company or a Billion Dollar Company as ours, IQ makes the AP process easy and seamless.
Michael PetrovitchManager, Procurement and Administrative Services at The Orchard
“Integrated solutions reduce errors and increase efficiency. IQ BackOffice delivers complete solutions that work with your back office infrastructure and reports.”
David Schnitt, CEO at IQ BackOffice
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