Property Brokers make a smart financial move to Esker Accounts Payable

Property Brokers real estate company started small, but they didn’t stay that way. From five people in one office in 1986, they now have 41 branches and over 550 people covering provincial New Zealand.

Scanning each invoice and emailing it to the right branch or department for approval was just the beginning of a slow, manual signoff process which (depending on the approval hierarchy) might need to go through as many as five people in the business. Each recipient printed the invoice out, checked and authorised it for payment, applied the correct finance code, signed and emailed back the re-scanned invoice copy. Quinton then printed it out again and matched it against the original invoice, before entering the data into the company’s Accredo accounting software. After ticking the invoice off on his master list, Quinton finally filed it.

The paper-heavy process was methodical, but not a good use of time. There were opportunities for data entry errors and payment duplications, and no real-time visibility of where an invoice was in the approval/payment cycle. It also made invoice handling slower and costlier than necessary.