Making payments manually can slow many businesses down. For Andretti Indoor Karting & Games, switching to CashPro BillPay automated many routine payments, saving time and money while centralizing control across multiple locations.
The company’s treasury manager, Tammy Koehler, spoke to BofAML about simplifying payables. The company had outgrown its online banking platform and wanted to phase out the need to issue paper checks. While migrating to CashPro®, they sought ways to automate their payments and simplify processes for the small accounts payable staff.
Andretti Karting opted for CashPro BillPay, a new online payables solution that integrated with QuickBooks™ and enabled Koehler to automate the entire payables process.
“Immediately, CashPro BillPay eliminated many of the drawbacks of our old payables processes,” says Koehler. “We’ve replaced our manual routines with a workflow that is paperless, automated and more secure. Everything—from scanning invoices to approving payments—is faster and simpler.”
Here’s a look at how CashPro BillPay compares to the traditional payables process:
Traditional payables process is more complex
CashPro BillPay payables process is more automated
“With CashPro BillPay we have reduced annual expenses by $45,000 and no longer require people in each location doing the same job,” Koehler notes. “As we continue our expansion to new locations, it’s boosted working capital and helped us improve our credit profile.”
Here are some other ways that Andretti Karting benefits from CashPro BillPay:
- Better visibility across six locations, which makes it easier to centralize payables
- Easier approval of each payment using the integrated approvals workflow
- Full integration with QuickBooks™ for seamless accounting and payables management