Accounts Payable/Receivable Outsourcing Service
Our full feature online invoice processing system is designed for businesses to outsource accounts payable and accounts receivable. With a host of suppliers, rates and information, the administration of accounts payable reconciliation and accounts receivable reconciliation is a burden for any business. Our services are specifically designed to help you overcome this, while significantly reducing your costs.
Our team of accounting process executives and IT specialists provide custom solutions for processing your invoices and payment of your supplier invoices.
Our service can be totally customized to suit your own requirements and can cover all or just some of the following processes:
Accounts payable outsourcing
- Receipt of Invoices – Electronically receive your supplier invoices using a standard email from all your suppliers or via post-box receive your invoices at our scanning offices in U.S. and U.K.
- Data capture – we combine OCR and data processing staff to extract header and/or line item information from invoices.
- Quality check – our processing staff checks every line of captured information to ensure 100% accuracy and integrity of data.
- Data Integration – export data to the invoice processing system or any software of your choice like Oracle, SAP or any other ERP or accounting system
- Data matching – Validate invoices against POs and other data
- Coding & approval – using invoice approval system, we code invoices with cost centre / department codes and forward for approval to the right people using a simple web interface
- Resolve issues – Produce list of exceptions for internal resolution as pre-defined rules or notify as needed
- Archival – Store your documents online for a minimum of 6 years and DVD back-ups
- Management reports – Customized reports and statistics online.
Outsource accounts receivable
- Creation of invoices – Create customised online invoices and send via email or post.
- Follow-up – Follow-up with clients for payments
- Reconciliation – Reconcile the accounts for payments every month
- Management reports – Prepare management reports daily/weekly/monthly
Reasons to choose outsourced accounts payable receivable service
- About 60% savings of your current AP/AR costs
- Comprehensive service covering all human intensive operations
- Easy transition of your current accounts payable process
- Applicable across all industries
- Local support in US, Canada, UK and Indian operations