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💡 According to a 2018 Goldman Sachs report , North American B2B businesses spend around $187 billion annually on AP processing, with labor alone accounting for over 90% of direct costs. Nanonets' AP automation software , for example, can be integrated with other accounting systems, such as QuickBooks and Sage.
And so the big four firms have actually partnered up to form a consortium model or a joint platform basically to help them audit information out of banks. But from an enterprise point of view, again, for me, the accounting and an audit point of view that's really not as helpful as a private blockchain. That sort of baseline automation.
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Because a audit is, is great, right? I would, I would challenge you to find a CFO or a board who would argue that their audit team adds actual value going forward. I would, I would challenge you to find a CFO or a board who would argue that their audit team adds actual value going forward.
Accountants and bookkeepers love Relay because they get a partner portal, can manage staff access without compromising security, and enjoy enriched direct bank feeds to QuickBooks Online, and Xero. Seems like you know all of these 800 or so apps that are in the ecosystem now, especially in the QuickBooks Live world.
Minute7 syncs with both QuickBooks Online, and QuickBooks Desktop for invoicing or reimbursement. If you're getting audited, like, "Hey, we're gonna stop right now and not do anything." She does a lot of YouTube videos and training videos for QuickBooks. That is Cloud Accounting Podcast dot promo forward slash B-R-E-X.
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People are comparing their survey from March- I'm sorry, October 2018 to March 2020. The applications came in pretty slow at first, but now, my understanding is, starting Thursday night, or Friday - as soon as the President signed the bill - PayPal, Kabbage, Intuit QuickBooks, all the banks. I've got called back by two lenders.
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A2X posts tidy summaries of sales, returns, and fees from Shopify and Amazon directly into QuickBooks, or Xero that will exactly match the deposits that appear in your bank account. A2X has won the support of Amazon, Intuit, and has hundreds of five-star reviews by accountants and bookkeepers in both the QuickBooks and Xero app stores.
OnPay includes deep integrations to benefit providers, workers' comp plans, QuickBooks, and Xero. Why should a bank or my government give money to businesses who can't even show a 2018 return? The QuickBooks Small Business Online ecosystem, that grew 28 percent. Stay organized, save time, and get compliant.
Even if they don't integrate it into QuickBooks, it's a good investment because e-commerce is growing so much right now. They might still use QuickBooks; they might be a QuickBooks customer, but ultimately, they're not spending their time there, which means now you can't push a loan product on them.
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