With ApprovalMax, Xtreme Productivity helps its not-for-profit clients better manage a range of financial processes, saving time and resources. One of the main uses is for bill approvals, which the firm uses for almost all clients with ApprovalMax.
“A lot of our clients have several credit cards. They manage these manually, which is a pain,” says Binks. “With ApprovalMax, a person can buy something on the credit card. They’re in the shop, take a picture and save it as a draft. Then, they submit all the credit card receipts once they’re home, we pick it up and reconcile it – there’s never drama as all the receipts are in there.”
With ApprovalMax, the team can easily keep track of each and every transaction for audit requirements. The built-in audit trail automatically captures all documents submitted for approval, even if they were rejected. “It gives that security for auditors that they can see every transaction coming through, whether it’s been approved or not,” says Binks.
“The auditors like that we just easily give them access to ApprovalMax and Xero to see everything.” Importantly, all of this happens without paper – a big challenge for not-for-profits.