Empower Your Finances with the help of Apron: Credit control and Making Payments
In the dynamic world of finance, having the right tools can make all the difference. One such tool is Apron; a powerful software solution designed to streamline and enhance credit control processes.
In this blog post, we’ll explore the key features and benefits of Apron, shedding light on how it can help empower businesses like yours to take control of their credit management.
Apron’s Features:
Automated Credit Monitoring
Apron’s sophisticated algorithms continuously monitor credit data, providing real-time updates on customer creditworthiness. This automation allows businesses to make informed decisions promptly, mitigating the risks associated with extending credit.
Customisable Credit Policies
With customisable credit policies, users can tailor credit control parameters to align with their specific needs. This flexibility ensures that the software adapts seamlessly to different industries and business models.
Seamless Integration with Accounting Systems
To enhance workflow efficiency, Apron seamlessly integrates with popular accounting systems such as Xero and QuickBooks. This integration ensures that credit control becomes an integral part of the overall financial management process.
The automation of credit control processes reduces manual effort, freeing up your valuable time for you and your team to focus on strategic tasks rather than routine administrative work.
By optimising credit policies and staying on top of payment behaviour’s, we will aid in improving your business’s cash flow management. This is particularly crucial for businesses looking to maintain a healthy financial position.
We have been thinking long and hard for a while on what services we offer to our clients and if there is anything that we could add to help make life that little bit easier!
We wanted to be able offer the complete process package but offering a payment service has been a no go ………….. until now!
And why could that be?
Trust ………
Fear ……….
Giving up Control ………
It is a very daunting process to give up control and allow somebody the power to action the accounts payable BUT with the help of Apron, you as the client still have full control and full visibility on what has been set up, what is to be paid and when.
Payment approvals are faster and easier
Apron sends simple, automatic email prompts for approvals eliminating the need for back-and-forth emails or countless telephone calls.
No need to access bank accounts.
Having to constantly log in and out of bank accounts also creates a security risk, one which can be avoided by switching to Apron.
Better FX rates on international transfers
If you make international payments, you’ll already be aware of the significant cost of FX fees. You might have tried setting up a separate account with Wise or Revolut, but it’s just another account you need to manage.
International Payments
You can make international payments through Apron, using the interbank exchange rate.
Client retains final sign-off
We know that this is a big deal for many clients. They want payments to be easier, but they also want the final sign off. With Apron, you get the best of both worlds.
Full audit trail
Every payment, edit, approval, and completion is documented clearly in a downloadable PDF, so everyone stays on the same page.
Enhanced security features
One, in particular, is the ‘Change of bank details’ alert. If an existing supplier sends an invoice with different bank details to the ones we have recorded, we’ll flag it for you. This can help to prevent invoice fraud.