Webinar: Automating Your Simpro AP with EzzyBills – Recording

RIC Electrics

Improving Operational Efficiency: RIC Electrics Simplifies Accounts Payable with EzzyBills and SimPRO

Talking with Mitchell Bowen, Finance and Administration Manager

$23 400

Estimated yearly savings

80%

Estimated time saving

99%

Data Import Accuracy
RIC Electrics, based in Wagga Wagga, is a leader in providing comprehensive electrical solutions to contractors and builders. With over 40 years of expertise, RIC Electrics offers services in electrical installations, security, telecommunications, solar solutions, and switchboard manufacturing. With a team of about 50 employees, the company prides itself on being a one-stop shop for cabling and electrical solutions. Mitchell Bowen, Finance and Administration Manager, oversees the financial and administrative operations, ensuring the company runs efficiently.

51-200

Employees

Simpro

Project Management Platform

XERO

Accounting Platform

Electrical Services

Industry

East Wagga Wagga, Australia

Location

Challenges

Despite their expertise, RIC Electrics faced challenges with their accounts payable (AP) processes:

  • Manual Data Entry: Staff spent significant time entering supplier invoices, which was prone to human error.
  • Reduced Data Quality: To save time, some staff resorted to shortcuts, compromising data accuracy.
  • Inefficient Resource Utilization: The manual nature of AP processes prevented employees from focusing on higher-value tasks.

Solution: EzzyBills and SimPRO Integration

To address these challenges, Mitchell implemented EzzyBills integrated with SimPRO. This combination streamlined AP operations by introducing two workflows tailored to their needs:

  • Overhead Workflow: Handles general expenses like rent and office supplies, extracting details from invoices and creating entries directly in Xero.
  • Project Workflow: Manages project-specific invoices by matching them to corresponding purchase orders in SimPRO and automatically importing line details, including item codes and quantities delivered.

Implementation Journey

The onboarding process was seamless:

  • Mitchell began with a free 30-day trial to test EzzyBills’ data extraction capabilities, achieving a 99% accuracy rate.
  • Gradual rollout started with one supplier, eventually encompassing all suppliers.
  • Support from EzzyBills, including custom feature development, ensured the integration perfectly fit RIC Electrics’ unique requirements.

EzzyBills recently built a feature for us to manage stock and pricing effectively. For example, when a supplier’s invoice lists 1 unit of cable, but we sell it by the metre, EzzyBills allows us to convert units and adjust prices automatically. This functionality has greatly improved our operations.

— Mitchell Bowen, Finance and Administration Manager

Key Features and Benefits

  1. Enhanced Efficiency: Automation reduced the need for two full-time data entry roles to one part-time position, freeing up staff for other tasks.
  2. Improved Accuracy: Reliable data extraction minimized errors and maintained high data quality.
  3. Custom Functionality: EzzyBills developed tailored features, such as adjusting unit conversions for cable stock tracking, aligning the software with RIC’s operational needs.
  4. Cost Savings: Reduced manual labor and streamlined processes lowered operational costs.

Results

The integration of EzzyBills and SimPRO transformed RIC Electrics’ operations:

  • Time Savings: Automation freed up staff time, enabling them to focus on strategic and administrative initiatives.
  • Resource Optimization: Streamlined workflows allowed the company to operate more efficiently, maximizing the value of their workforce.
  • Financial Accuracy: Improved invoice processing accuracy enhanced financial reporting and decision-making.

EzzyBills is 99% accurate at extracting invoice details and seamlessly integrating them with SimPRO and Xero. It has been a game-changer for our business.

— Mitchell Bowen, Finance and Administration Manager

Conclusion

The EzzyBills and SimPRO integration empowered RIC Electrics to modernize their accounts payable processes, saving time, reducing costs, and improving operational efficiency. The tailored approach and exceptional support provided by EzzyBills further solidified its value as a powerful tool for businesses in the electrical sector.

About EzzyBills

EzzyBills is a leading document automation platform that simplifies accounts payable processes. With seamless integrations and AI-driven solutions, EzzyBills empowers businesses to save time, reduce errors, and enhance financial operations.

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