BillsTrust Replaces Accounts Payable Clerk With a 2D Barcoded Sticker
A new way for Australian businesses who receive lots of bills and invoices to pay all their accounts payable (handwritten & printed) with no data entry and no need to remember due dates.
Blackburn, VIC -- (SBWire) -- 01/29/2010 -- Madewell Enterprises has introduced BillsTrust, an innovative and secure online bill payment web service. Uniquely BillsTrust requires no data entry and can pay any bill, whether handwritten or printed, from supplier invoices, maintenance and cleaning bills, basically to anyone a business needs to pay.
The service is suited to businesses that receive large numbers of bills and who find it a pain to remember and shuffle upcoming bills in order to pay them manually closer to the due date. As such it is an ideal enhancement or replacement for the accounts payable function for any business, allowing owners and staff to get on with the job of working on more important aspects of their business rather than the mundane task of paying bills.
BillsTrust has been operating since September 2009, and has been developed by former MYOB employees including Craig Winkler, co-founder and former CEO of MYOB who understand the financial challenges faced by Australian businesses.
“BillsTrust is like having a virtual cash flow assistant working for you, as bills will only be paid at the last possible moment by the due date, or you can delay payments to your own payment terms,” said Craig Winkler, Managing Director of Madewell Enterprises. “We provide clients with personalised barcoded stickers that they stick onto the front of their bills as they receive them. They simply fax or scan & email their bills to us and that's all there is to it...send and forget. When a bill is paid, our client receives an SMS and email notification of what bills have been paid and how much.”
BillsTrust aids businesses to avoid late payment fees while saving them time, yet without sacrificing control of their bills. When they sign into their BillsTrust account clients can see their bills all queued up ready for payment, view a timeline of upcoming bills to be paid, and view historical payment information and digital copies of bills in an archive. As such BillsTrust provides visibility of a businesses bills all in one place, rather than individually.
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