Case Study: Altruic Advisors achieves $66K annual savings with Bill.com

Altruic Advisors Saves $66K a Year with Bill.com

Altruic Advisors is a 10-person CPA firm in Ann Arbor that specializes in nonprofit accounting and offers flat monthly fees with year‑round CPA oversight. Facing the need to streamline accounts receivable and payable, eliminate paper invoices and checks, and reduce audit time and costs for its clients, the firm sought a more efficient, cloud-based workflow.

The firm implemented Bill.com for AR and AP, moving entirely to electronic invoicing and payments so auditors can access check images, invoices, EFT confirmations and approval timestamps. That change cut auditors’ testing time by about 35% and saved an estimated $4.37 per bill; processing 10,200 transactions produced roughly $55,574 in processing savings plus about $11,000 in lower audit fees — approximately $66,574 total saved in one year.

Altruic Advisors

Ryan N. Hagan

CFE, CPA