Highland Bank signs for IntelAccount accounts payable processing services

Source: IntelAccount

IntelAccount, a leading provider of Web-based accounts payable (AP) automation, document management, e-payment, and payroll services to small and mid-sized businesses, announced the addition of Highland Bank to its growing client roster.

"Highland Bank is a growing, community-focused organization with multiple locations. We selected IntelAccount to process our accounts payable including our expense reports because they delivered improved controls, productivity and security while helping us control our related costs at the same time. With IntelAccount handling our accounts payable we can focus more resources on client service and have access to web-based technology and expert staff without the ongoing investment of building and managing these system and processes internally," John Gill, Chief Financial Officer for Highland Bank, said. "In addition, we'll eliminate a lot of paper, going 'green' to support the environment and that fits nicely with the philosophy of our company."

IntelAccount handles the accounts payable process from receipt of documents at its central processing center through payment and online document storage -- including web-based review and approval routing, management reporting -- even preparing 1099 forms. IntelAccount guarantees document scanning and data entry into its web-based invoice approval system within 24 hours of receipt. A process that used to take days or weeks to get an invoice approved and paid now takes minutes. All documents are accessible online by authorized users 24/7 through a secure document management system ensuring document confidentiality.

"For years, large organizations have enjoyed savings and improved controls and productivity by using a third party to process their accounts payable and payroll," David Crane, CEO of IntelAccount, said. "IntelAccount's services are tailored for small businesses so they can obtain the same benefits as large organizations including cost savings up to 70 percent. In this tough economy, all businesses want to reduce costs without sacrificing control or service. Using IntelAccount's AP and payroll processing services is an easy decision to make."

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