ACCOUNTS PAYABLE AUTOMATION & OUTSOURCING

Designed for the complex needs of global, large and mid-sized enterprises, IQ BackOffice provides best-practice business processes and automation for Accounts Payable across all ERP systems, complicated charts of accounts, PO/three-way match and non-PO invoices, all related transactions (statements, check requests, petty cash, etc.), approval routing, multi-lingual, multi-location and multi-currency invoices. With our cloud-based software, we will process invoices in less than a day, for less than half of the costs you are used to.

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Increased Control & Visibility

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.

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.

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.

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

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: licensing of our state-of-the-art software, reviewing and reengineering your AP processes, and vendor management services that include capturing W-9s, 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.

State-of-the-Art Accounts Payable Automation Technology

IQ BackOffice Accounts Payable Automation and Outsourcing services transform your AP processing from a slow, paper-based or email system of haphazardly applied rules to our rules-based automated digital workflow system that supports real-time online access to information:

  • Invoices are digitized and payment approvals are automated
  • Your account coding, routing and invoice matching rules are automatically applied
  • Exceptions are identified and routed for timely resolution
  • Duplicate invoices are caught by reviewing each invoice across multiple data points

The Companies We Keep

Process Automation solutions - Accounts Payable Workflow David Schnitt, CEO

Integrated solutions reduce errors and increase efficiency. IQ BackOffice delivers complete solutions that work with your back office infrastructure and reports.

David Schnitt, CEO, IQ BackOffice

IQ BackOffice works with leading global companies which include the world’s largest steel manufacturer, the largest technology and entertainment conglomerate, large retailers and restaurant chains across thousands of stores and e-commerce sites. Other major clients include distribution, energy, healthcare, real estate, and financial services companies.