Portfolio Bill Pay: Simplifying Invoice Management with Bulk Payments

Organizations managing multiple entities within a portfolio will find this feature valuable as it significantly simplifies and enhances their accounts payable processes.

Overview:

Managing invoices across multiple businesses can be complex and time-consuming. The Portfolio Bill Pay feature simplifies this process by enabling bulk approvals and payments from a centralised interface. Designed for businesses managing multiple entities within a portfolio, this feature enhances efficiency while maintaining the flexibility to take individual actions when needed.

Module: Expense Management:

Portfolio Bill Pay is an integral component of the Expense Management module. It offers businesses a seamless way to handle payments across multiple entities.

The Challenge: Manual Invoice Processing

Traditionally, approving and verifying invoices individually is labour-intensive and time-consuming. Teams must manually review each invoice, leading to workflow bottlenecks, payment delays, and decreased productivity. As invoices accumulate, the risk of errors, missed approvals, and late payments increases, further complicating financial operations.

The Solution: Bulk Processing for Greater Efficiency

With Portfolio Bill Pay, businesses can process multiple invoices simultaneously, significantly reducing the time spent on approvals and payments. By automating bulk actions, companies can:

1. Improve efficiency by minimizing manual work
2. Reduce errors associated with manual invoice processing
3. Prevent payment delays and maintain strong vendor relationships
4. Enhance workflow flexibility, allowing for both bulk and individual invoice management 

Users can easily select all outstanding payments at once 

Step 1: Go to the Invoice Queue

Step 2: Select the Status to make the payments

Step 3: Select the mode of payment option: Bulk payments can be executed effortlessly with a single click.