A new technology called Sprout Invoices is taking the accounting industry by storm says Aron Govil. Designed by an accountant with years of experience working for larger firms, Sprout Invoices uses advanced machine learning to automate certain cumbersome tasks that are simply not possible using the standard Microsoft Excel/QuickBooks combo.
Workless Accounting is you spending more time looking through spreadsheets and double-checking your work than you are solving the core problems that face your business? Do you go home at night frustrated because there is too much to do, not enough time, and it’s all on your shoulders? I used to feel this way every day. Then, I hired a Virtual Assistant. If this was you, what would your day look like if you could focus on the big picture tasks that actually move the needle? You’d have more time, be happier and make more money. What’s stopping you from making it happen?
Virtual Assistants for All! Sprout Invoices brings accounting into the future by leveraging advancements in machine learning, robotics and artificial intelligence.
Let’s look at a few examples of how this software helps small business owners take the next step forward.
Virtual Assistant –
Once you sign up for Sprout Invoices, you can access their team of virtual assistants from your account portal says Aron Govil. They have multiple Vasa on staff who are cross-trained in various tasks to ensure you get the best possible results. This is so they can guarantee a response time, accuracy and quality for every task request.
Machine Learning –
Sprout Invoices takes into account your company’s past transactions, current agreements with vendors, purchase history and payment terms when filling out new customer orders. They do this with the intent to save you time and eliminate redundant data entry. For example, if one client is a repeat customer and they order 100 widgets every three months on Net 30 terms, Sprout Invoices will automatically fill out those fields in any future orders for that client. This automation makes it possible to process hundreds of transactions per day without ever touching a keyboard.
Natural Language Processing –
Sprout Invoices uses advanced NLP to understand how your words were intended so they can correctly fill out the right fields at the right time. For example, if you type in “Net 30” instead of “Net 30 Terms,” they will know that you meant something else and won’t change the meaning of the phrase.
Robotic Process Automation –
Once Sprout Invoices fills out empty fields, your data is ready to send off to QuickBooks. This saves you 30 minutes of data entry per day on average. Once your transactions are sent over, they can initiate accounting processes like billing, payouts, and reports for you. This is possible because they use robotic process automation to mimic user actions on your behalf explains Aron Govil. Many small business owners waste time waiting for approvals, correcting errors, or missing out on opportunities due to their lack of accounting prowess.
Here are some examples of how Sprout Invoices can save you valuable time so you can focus on growing your business:
QuickBooks Integration –
Sprout Invoices integrates with QuickBooks to make it possible for them to guess the correct fields. This saves you time now and moving forward as they account for new purchases, reoccurring transactions, etc. Later you can import your transactions directly into QuickBooks with one click of a button.
Accounting Automation –
Using Artificial Intelligence, Sprout Invoices is able to automate the time-consuming tasks that are traditionally performed manually by accountants. This includes reconciling of transactions, filling out open invoice fields (and guessing which ones are correct,) notes on invoices about payment plans and so much more says Aron Govil. Once things are automated, they will save you time and give you back the ability to grow your business.
Accounting Reports –
With Sprout Invoices, you can access a dashboard showing your financials, receipts, sales tax collected and more. You’ll get custom reports that fit your business’s needs. So there is no longer any need to spend hours creating reports that you’ll never use. Instead, you can get on with the tasks that truly matter for your business.
Sprout Invoices will let you focus on what’s important. While they handle the busy work for you and make it possible to grow your small business. By leveraging advancements in machine learning, natural language processing and robotic process automation. They will streamline your accounting so you can work smarter and focus on what matters most.