Airbase, a spend management platform for firms from founding to IPO, recently revealed that they’ve carried out a native integration with Intuit QuickBooks Desktop.
As noted in a release shared with CI, the combination provides a seamless, automated connection between company spend and the “general ledger.” This update reportedly adds to the expanding list of GL integrations that are currently available with Airbase, such as QuickBooks Online and Xero, along with NetSuite and Sage Intacct ERPs.
Airbase’s integrations are native, instead of being “indirect” integrations that need a CSV download and upload tool that “lengthens the time-to-close and introduces manual processes that can lead to error.” This makes Airbase “the only spend management company to integrate deeply with all five of the most popular general ledgers,” the announcement noted.
Thejo Kote, Founder and CEO at Airbase, stated:
“Developing deep and fully automated integrations with accounting and workplace software is one of the many things that differentiates Airbase from its competitors. QuickBooks Desktop is one more example of our commitment to creating an excellent user experience for all small to mid-market companies.”
Spend management offers the visibility and control required to efficiently and safely “empower” workers to expand their businesses.
Airbase is reportedly the only platform that combines three different products — comprehensive bill payments, software-enabled corporate cards, and employee expense reimbursements — and “supports them with advanced approval workflows, robust accounting automation, and real-time reporting.” This means that with Airbase, “every dollar a company spends is captured, accounted for, and managed,” the release noted.
With this latest integration, QuickBooks Desktop customers using Airbase are able to shorten their month-end close “by handling all AP from one platform with automatic transaction syncing to the GL in real time, including refunds from vendors and cash back generated from virtual cards.”
Customers can also improve overall efficiency by using reports develop on real-time data and “optionally generating amortization schedules.” Additionally, clients can save time and minimize errors by “reducing the need for manual data entry, spreadsheets, expense reports, reconciliations, and multiple AP tools.”
Kote added:
“Allowing our users to fully and easily customize QuickBooks Desktop with Airbase gives them a superior spend management solution and lets them focus on growing their business instead of chasing transaction details and approvals.”
Kote also mentioned:
“We know that few vendors have integrated with QuickBooks Desktop, which has left Quickbooks Desktop customers having to make do with workarounds, homegrown solutions, and import/export headaches. We think it’s time that changed — at Airbase we’re not going to leave QuickBooks Desktop users behind.”