User story - Quantum Bookkeeping

Like countless other small businesses and accounting firms, Dominika must collect payments from her clients and help them pay their employees and bills every month. To complicate matters further, some of her clients have international suppliers and staff, introducing an additional layer of complexity. 

“Handling employee and supplier payments is time-consuming and prone to manual errors.” 

Dominika needed to find a payment solution to help her clients pay all their employees and bills quickly, securely, and cost-effectively. Given the sensitivity of handling money, she also sought a way to prepare the payments ahead of time and send them for client approval. This approach ensured she doesn’t need to handle her client’s funds directly or access their bank accounts, fostering trust on all sides. 

Solution 

Crezco seamlessly integrates with Xero, enabling Quantum Bookkeeping to effortlessly import bills and contacts from Xero to Crezco. This streamlined process simplifies bill selection, allowing flexible payment scheduling or one-click payments. 

"We're thrilled with the Xero integration; importing bills and making payments with a single click is incredibly convenient! The automatic reconciliation within Xero is simply fantastic! It has significantly reduced our Accounts Payables workload by over 50%." 

Quantum Bookkeeping can also easily incorporate their clients' companies into Crezco and manage their payments similarly straightforwardly. This user-friendly system is fast and efficient, with role management ensuring a clear understanding of each user's capabilities. 

Crezco provides frictionless, easy and secure international payments by leveraging open banking. There is no need for a separate account dedicated to foreign payments. Instead, funds flow directly from the payer's bank account to the payee's local bank account in their respective currencies. Crezco handles currency conversion transparently, providing competitive exchange rates and low fees. 

Results 

Since adopting Crezco, Quantum Bookkeeping has slashed its payment processing time by half and gets paid on average a week faster with no card fees. On the Accounts Payables side, they've eliminated the need for manual data entry and gained the ability to prepare pay runs for approval without actually executing the payments themselves. 

"With Crezco, we have confidence that payments will be executed quickly and efficiently. The exceptional customer support adds an extra layer of reassurance, knowing they are ready to assist if any issues arise proactively." 

Furthermore, when dealing with international payments, Crezco automates the currency conversion process, displaying exchange rates and fees transparently, making it as effortless as handling domestic payments. Crezco also offers them a cost-effective way to manage international payments, saving them around 2% compared to traditional banks! 

“Making international payments with Crezco is a breeze. The platform clearly presents the exchange rate, the amount I'll be charged, and the exact sum the payee will receive. The payment process mirrors domestic transactions, ensuring the payee receives funds in their own currency. 

With this partnership, Quantum Bookkeeping joins thousands of companies using Crezco today to simplify, accelerate and secure their international payments. 

Next steps 

Quantum Bookkeeping is committed to growth through dedication and positive word-of-mouth. By incorporating technology into their daily routines, they aim to help more businesses thrive by providing superior monitoring, cash flow management, and tangible results.