Insights from the July 2024 ApprovalMax Webinar

Posted on July 26, 2024September 5, 2024 by Masha Komarova

Insights from the July 2024 ApprovalMax Webinar

3 min read

Join us as we recap the ApprovalMax July 2024 Webinar, where we introduced new features and improvements designed to streamline your accounts payable and receivable processes.

Hosted by ApprovalMax product experts Alex Keselman and Justin Campbell, the sessions took an in-depth look at our latest features, including ApprovalMax Capture and ApprovalMax Pay (Beta), along with other recent updates.

If you couldn’t attend, don’t worry – we’ve got you covered with a thorough recap. Keep reading to learn more or watch the recording!

Bill-to-PO matching for QuickBooks Online

We’re excited to expand our Bill-to-PO matching feature for businesses using QuickBooks Online. This makes it simple to track incoming bills against an existing PO to keep your financial records up-to-date.

With Bill-to-PO matching, you can easily link documents outside of the general ledger, ensuring accuracy and reducing errors. This feature, currently in beta and set to be widely available soon, helps stay on top of budgets and spending with better visibility as each and every bill enters the system.

Learn more about Bill-to-PO matching for QuickBooks Online in our Knowledge Base article.

Editing on Approval

The Editing on Approval feature is another new addition this month. This streamlines your approval process by allowing changes directly within ApprovalMax, without having to restart the entire process. This feature allows approvers to edit specific fields and ensures all necessary data is completed before final approval.

To learn more about editing for approval check out our Knowledge Base article.

Support for Journal Entries

Enjoy a better way to manage manual entries in Xero and QuickBooks Online with support for Journal Entries. This feature simplifies the creation, approval, and automatic entry of journal entries into your accounting platform. It also has options for editing and reversing entries during the approval process, and supports bulk uploads for Xero via .csv files.

See Xero FAQs
See QuickBooks Online FAQs

Review step

Add a crucial layer of oversight to your approval process with our new Review step. This additional step allows dedicated reviewers to make edits, provide feedback, and ensure requests are accurate before they are sent for approval. This helps reduce errors and fraud, making your process smoother.

To learn more about how the Review step can improve your approval process, read our detailed blog post.

ApprovalMax Pay

The smarter, faster, safer way to pay your bills.

Using open banking technology, securely pay approved bills directly from ApprovalMax. With ApprovalMax Pay, UK businesses using Xero can connect their bank accounts and make payments with just a few clicks. Only bills that have passed through the approval workflow can be paid, ensuring accuracy and reducing the chance of errors.

Learn more about ApprovalMax Pay.

ApprovalMax Capture

Automate the tedious.

ApprovalMax Capture automates the scanning of bills directly into ApprovalMax, supporting over 40 languages to ensure accuracy and efficiency. By reducing the need for manual data entry, this feature minimises errors and speeds up the approval process.

With ApprovalMax Capture, you can upload bills either individually or in bulk, and the system takes care of the data import for you. This streamlined automation not only saves you time but also ensures that your data is accurate from the get-go. Available now for Xero, and coming soon for QuickBooks Online and Oracle NetSuite customers, ApprovalMax Capture is included in a 14-day free trial. Say goodbye to manual entries and embrace a more efficient way to manage your bills.

Learn more about ApprovalMax Capture.

The ApprovalMax July 2024 Webinar showcased our latest features. See the full webinar.
For our upcoming webinars, visit our webinars page.