Small business owners certainly have their fair share of tasks and challenges. From growing a customer base, creating partnerships and marketing strategies, to managing employees, advertising campaigns and strategic planning for the growth of your business, the tasks and challenges are many. Time is something you have little of, but the majority of it should be spent working on your company’s overall growth and success. With that said, there are a number of administrative and financial tasks that you can outsource to the reliable team of experts here at Tax Alternatives and surely outsourced bill paying is one of those very tasks. Less administrative tasks provide you with the time you need for more sales, better customer services and effective growth strategies.
Why You Should Outsource Your Bill Paying
Your in-house bill paying process not only includes the actual payment of bills, but also tracking and processing associated purchase orders, sales, and receipts as well. Surely these ongoing tasks can result in high cost time consumption. If you still have a paper based billing process combined with electronic processes, then you still find yourself having to sort through files such as contracts and agreements that are affiliated with your invoices. Additionally, you are still having to print, stuff and even apply necessary postage to outgoing bills and payments with a paper-based system.
Further, when cutting checks the process can be tedious and long winded having to first get approval for payments, reviewing the payments, requesting additional backup documents in some cases, and having the AP manager check all approvals before giving the final go ahead to issue. Then the checks need to be cut, proper signatures acquired, final review for accuracy follows, and the checks are finally stuffed into their envelopes, postage applied and out the door they go. Whew!!! Exhausting at best. So you think it might be time for you to consider outsourced bill paying?
The team here at Tax Alternatives wants our clients to understand that not only does outsourcing offer both cost and time savings for your business, but it also takes the routine process off the desk of the already over-worked business owner. Statistics tell us today that more than 70% of small businesses are relying more and more on outsourcing in their efforts to save both time and money, while creating effective strategic plans to move their companies into activities that are far more value focused.
When outsourcing your bill paying you can now enjoy insight into your company’s financial needs, allowing for a more successfully run business. You can put a cloud-based bill paying and reporting platform in place that will always be up to date allowing you to project what your receivables, accounts payables and even your monthly balances are at a simple glance.
When deciding on whether or not outsourced bill paying is the right option for you, you may want to schedule a free consultation with our team of experts. Our specialists are on hand to answer all your questions, identify and discuss potential cost and time savings, and go over all your current monthly expenses, wages, the number of checks you cut, and the number of ACH transactions performed each month, to name a few of the elements involved, in an outsourced bill paying transition.
If you find you haven’t enough hours in a day to not only perform business tasks and strategies, but supervise or manage your employees, then we are the team for you. Give a shout out to one of our specialists today and let us help you determine if outsourced bill paying is an effective, and efficient solution for you. Don’t delay. Contact our dedicated team today!