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When was the last time you looked at how your firm handles supplier or payroll payments for clients? If you’re still relying on manual processes, you could be missing out on more than just efficiency. Manual payments aren’t just a headache—they could be costing your firm money in ways you haven’t even considered. Let’s break down the hidden costs and why automating payments might just be one of the smartest moves you make this year.
Fraudsters are getting smarter, and UK businesses are losing billions every year as a result. Manual payments often lack the robust safeguards needed to prevent fraud, leaving firms and their clients vulnerable. Payment automation platforms like Telleroo come with built-in security features like transaction monitoring and dual approval workflows, which can significantly reduce the risk of fraudulent activity.
Here's how fraudsters are adapting, an explanation on reimbursement rights, and a guide to protecting yourself from fraud.
Mistakes happen, but in payments, they can be expensive. Whether it’s paying the wrong supplier, duplicating a payment, or falling victim to fraud, the financial and reputational fallout can be significant. Manual processes increase the likelihood of human error—and when you’re managing clients’ money, even a small slip can have big consequences. Plus, the time spent correcting errors only adds to the inefficiency. Have you checked that your indemnity insurance covers you for these potential mistakes?
👉 Check out Payroll Automation: Guide for Accountants, Bookkeepers and Payroll Bureaus
Time is money. If your team is spending hours processing payments, chasing approvals, and double-checking details, that’s time they could be spending on higher-value activities—like advisory services or business development. Manual payment runs don’t just eat into your team’s day; they also drag down profitability. And let’s face it, no one got into accounting for the thrill of logging into online banking systems.
Today’s business owners expect more from their accountants than ever before. Offering a manual payment service may have worked in the past, but it’s becoming harder to justify when faster, more secure, and more reliable options exist. Clients want seamless processes and proactive solutions, not delays and extra admin. By sticking to manual payments, you risk falling behind competitors who are stepping up their game.
As your firm grows, manual payment processes can quickly become a bottleneck. More clients mean more payments, more time spent on admin, and more opportunities for mistakes. Automating payments not only saves time but also ensures you can scale your services without scaling your headaches.
If these hidden costs are sounding uncomfortably familiar, it might be time to consider an alternative. Telleroo’s payment automation platform is designed specifically for accountants and bookkeepers, helping you:
Switching from manual payments to an automated solution isn’t just about convenience—it’s about protecting your bottom line, delighting your clients, and future-proofing your firm.
Is it time to rethink your payment processes? If you’re ready to stop losing money to inefficiency, errors, and missed opportunities, we’re here to help. Let’s chat about how Telleroo can transform the way your firm handles payments.
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