Problem:
- Manual daily lockbox files MUST get uploaded, even when staff is sick or on vacation
- Time consuming manual matching of bank transactions each month
- Must go into a separate system to complete all your banking transactions
Solution:
- More than a fifty percent reduction in time spent doing bank-related activities!
- Doxentrics sets up, troubleshoots, and assesses your integration to confirm it works accurately
- Doxentrics documents your new integrated procedures and trains your team
- Doxentrics researches and resolves any issues that come up
- Check to see if your accounting software has pre-built integration with your bank!
Metrics / Cost Comparison:
| Time Spent Per Month | Manually | With Integration | Est Monthly Savings |
| Lockbox | 5 min/day | 0 min/day | 2 hrs per month |
| Bank Recons | 10 min/recon | 5 min/recon | 8 hrs per 100 recons |
| Reserve Bank Transfers | 5 min/transfer | 1 min/transfer | 1 hr per 15 transfers |
| Save Bank Statements in Financial Reports | 2 min/report | 0 min/report | 3 hrs per 100 reports |
| Researching AR checks | 5 min/check | 1 min/check | 1 hr per 15 checks |
| Totals | 15 hours per month |
To chat about using these procedures at your company, schedule a complimentary 30 min discovery session at this link: calendly.com/doxentrics/30minconsult