Plumb’s proprietary bill pay app was designed specifically to address the needs of our high-net-worth and ultra-high-net-worth clients and their financial management teams.
{Watch this brief overview video to see our app in action.}
This proprietary app delivers an intuitive interface that offers anytime, anywhere access to bill pay and cash outflow statuses – and it’s fully integrated with QuickBooks Online.
How it works
- We pull information needed to facilitate the entry of vendor invoices, such as vendors, chart of accounts, and payment data out of QuickBooks Online and into the Plumb bill pay app.
- We push the updated bill data from the Plumb bill pay app into QBO.
Security measures in place
The transfer of data is protected via bank-level security and consistent audits to ensure financial privacy and security. In addition, we benefit from the rigid security practices of our industry-leading vendors, such as Apple, Google, and AWS. It is important to note that no bank account information is shared between the platforms.
Benefits
Thanks to the seamless integration with QBO, our clients and their trusted advisors benefit from:
- Easy and customizable approval process by entity
- Clear dashboard view of bills paid, bills pending approval, and total cash outflow.
- Balance snapshot with alerts if funding is required.
- 6-month projection of estimated cash flow based on commitments.
- “Hot List” of most important bills to track.
- Quick access to bill information, expense details, relevant attachments, and bill pay reports
- Easy communication with the Plumb Team – from the app.
For a sneak-peak at some of the app features, please watch these brief videos:
- The Plumb Bill Pay App Dashboard
- How to Upload, Approve, and Reject Bills in the Plumb Bill Pay App
- The Plumb Bill Pay App Commitments Module
We’d love to discuss how you can benefit from this app. Please reach out today for a consultation and a demo.
Plumb delivers financial peace of mind by assisting high-net-worth individuals and family offices know where their money is going, so their trusted advisors can effectively manage it. We work in partnership with their team — including wealth, CPA, and other advisors — to provide the highest quality of data and financial reporting to establish a holistic view of their assets and financial holdings. We’d love to help answer any questions you may have. Feel free to schedule time to speak with Anneke Stender, our EVP, at your convenience.