IQ BackOffice, the leader in financial process automation and outsourcing utilizes cloud-based technology to keep processes steady
To decide between AP automation or AP outsourcing for your company, it is best to define your goals. In this article, we take a closer look.
Labor costs cause AP Automation to almost always have a negative ROI. Automation for the sake of automation rarely, if ever, yields results.
There's no one-size-fits-all answer to risks in accounts payable, but one of these can help you reduce risk, avoid financial consequences.
IQ BackOffice, the leader in financial process automation and outsourcing utilizes cloud-based technology to keep processes steady
Ken Johnson, SVP at IQ BackOffice, discusses mistakes he sees accounting departments make when outsourcing AP, and how doing it correctly leaves you with a leaner organization that can focus less on administrative work and more on growing the business.
Companies that outsource payroll can reduce compliance time and costs, reduce risks, improve employee data security, and can focus on their core business.
Restaurant owners need to carefully look at the third-party services and pick the one that best suits their restaurant and can deliver the most significant volume of daily orders. And they should consider innovative and collaborative accounting providers, such as IQ BackOffice, to partner with them.
Ken Johnson, IQ BackOffice, discusses mistakes he sees accounting departments make when outsourcing accounting functions to execute their strategic plan.
Companies often choose to transfer recurring operational activities to an outside supplier with better technology, business processes, and lower costs to improve outcomes and maximize profits while minimizing risks.
AP Automation by itself, can lead to negative ROIs. The solution is to outsource the process to a reputable service provider like IQ BackOffice.
AP Invoice Processing clerks have been benchmarked for decades. The common figure is that an AP clerk processes about 1,000 invoices per month.
Managed payroll is outsourcing the responsibility of managing in-house payroll to a third-party managed services provider like IQ BackOffice.
Outsourcing Accounts Payable with a reputable third-party company like IQ BackOffice has many benefits. There is also one important drawback to consider as well.
Business Process Outsourcing (or BPO) is simply hiring another company to perform a specific function instead of doing it yourself.
AP automation vendors charge based on the number of system users and/or a fee per invoice - somewhere between $1.25 and $2.00 per invoice.
In this article, we take a look at Accounts Payable Automation, its components, how it is implemented, and the drawbacks as a stand-alone solution.
Companies turn to outsourcing for better technology, business processes, and lower costs to improve outcomes and maximize profits while minimizing risks.
Outsourcing accounting is generally worthwhile especially for businesses whose core-competencies fall outside of the financial and accounting disciplines.
Because accounting duties include many low-value transaction-laden activities, outsourcing and automation are viable alternatives to keeping them in-house.
2121 Rosecrans Avenue, Suite 3350
El Segundo, CA 90245
USA
310-322-2758
Get notified about new articles, white-papers and case studies.
We would like to hear from you! If you have a question or comment about our services, or you’d like an IQ BackOffice representative to contact you, please use the form below.
