Are you currently processing your supplier and payroll payment runs manually through your bank? If so, you will understand dealing with bulk payments can be painful. Manual payment runs are time consuming, have a high risk of error and fraud, and can cause issues gaining access to the bank.
You can use software to streamline your payment runs, making bulk supplier and payroll payments a breeze. Using software to automate your process has many benefits, with some of the key ones mentioned below:
- One centralised hub for all your payments where you’ll have full control over when payments are made.
- Save time on all payment runs, you’ll no longer need to manually pay from the bank!
- Businesses and third parties won’t need access to your bank so your money will be more secure.
- Less risk of human error and fraud.
- If you are already using Xero there are added integrations with most apps to further speed up your payment runs.
There are a number of apps you can use to automate the payment run process. Please contact our digital team on email@example.com and one of our experts will be in contact to go through some scoping questions, advise the most suitable software and explain the benefits to you and associated costs.
Alternatively feel free to contact your Client Manager.