This article gives you information about Nook and how it works.
What is Nook?
Nook is an all-in-one product which streamlines the accounts payable workflow. Nook manages the full lifecycle of supplier payments, from invoice processing to payment execution, integrated seamlessly with your accounting software and bank accounts. With the ability to create layered approval rules, purchase orders and process payments in 36 currencies, you can consolidate their accounts payable workflow into one application rather than switching across multiple.
What accounting software does Nook integrate with?
Nook has direct 2-way integrations with Xero, QuickBooks Online and Sage One. We don't use middleware and therefore have better stability and uptime, which ultimately creates a better customer experience for you.
We're adding integrations all the time. If you want to know when your accounting software is being added, please contact support@nook.io.
How do I make payments on Nook?
You can connect your bank account through open banking or you can create a Nook wallet.
Can my team members and accountant use Nook?
How many team members you can add to Nook depends on the price plan you are on but if you are on Process, Approve and Pay or above, you can have unlimited team members.
On all price plans, your accountant can join to help you with your accounts payable.
Note: Are you an accountant looking to use Nook for your clients? Check out our guide Nook for Accountants
How quickly can I start?
Nook operates a self-serve sign up and so you can start using Nook straight away. To access financial products on Nook you are required to complete our due diligence process. In the majority of cases it takes less than three minutes to complete, but in certain circumstances it could take up to 24 hours.
We require one director to verify their identity, and if further information from additional directors is required we will let you know.