Importance of Accounts payable.

Believe it or not accounts payable is a very crucial and plays a very important part in running your business smoothly.

A lot of small and big business including google had suffered huge losses due to mismanagement of accounts payable.

Let me explain how, The domain www.google.com was purchased by an Indian guy named Sanmay Ved as he was just browsing through some available domains to his surprise google.com was available for $12 so he garbed the deal and to his surprise he was the owner of google.com. Later google had to pay him $12,000 to acquire its domain back. Now this is the mismanagement of Accounts Payable, Somehow Someone in google forgot to renew the domain charge but with automated Accounts payable software or apps its impossible to miss any payments.

Top 3 Automated Accounts Payable Services providers are:

1: Melio is an all in one payment service provider for small and medium size businesses. Melio also works as accounts receivable. A perfect solution for Digital payments for small business. It also integrates seamlessly with accounting software’s like Quickbooks, Freshbooks, MS Dynamics 365 and many more. Meilo also allows you to make international payments.

2: Veem is another great choice for small and medium size business owners as veem not only work as accounts payable but as a complete payment solution as it also works as account receivable. Not only you can pay domestic and international payments one also receive digital payments globally. Eliminate double data entry and errors with Veem’s robust two-way sync with QuickBooks Online, Xero and NetSuite. Veem treats accounting software as the source of truth and all payments sent through Veem are synced in real-time

3: Bill.com is a of cloud-based software that simplifies, digitizes, and automates complex, back-office financial operations for small and midsize businesses. Customers use the Bill.com platform to manage end-to-end financial workflows and to process payments. The Bill.com enabled, financial software platform creates connections between
businesses and their suppliers and clients.

These are the most preferred top 3 accounts payable automation tool to take care of the payments so that you can focus on your business and future goals.