Streamline financial operations, cash flow management, enhance accuracy and improve vendor relationships with our customized AP & AR solutions.
Experiencing delays in invoice processing due to manual accounts payable processes?
Missing payments or duplicate payments being rolled out due to inability in managing multiple vendors and suppliers?
Strained vendor relationships and financial losses due to lack of centralized AP processes?
Strained customer relationships leading to disrupted cash flow, bad debt, higher collection costs?
Facing difficulties in identifying patterns, and recurring issues due to lack of workflow automation?
Connect with our Experts
to get all Your Answers
As a finance leader, you don’t want to be in that spot where you lose earnest vendor partnerships due to delayed payments, do you?
All you need is an effective vendor management process in accounts payable!
Writing off the revenue as uncollectible is a heartburn to take, isn’t it? As a finance leader, you should always make an effort to keep the cash flow healthy with your customers paying invoices on time, don’t you?
This equates approximately to three business days!
As a finance leader, do you find it worth wasting your team’s productivity on tasks like collection while high-value tasks are suffering?
Accounts Payable is not just a transaction-oriented function. With the modernized business outlook, it’s a strategic business function that focuses on managing business capital efficiently to foster vendor partnerships.
Invoice processing and management
Vendor management and communication
Payment scheduling and execution
Expense Reporting and analysis
Purchase order management
Data entry and verification
Reconciliation of accounts payable records
Compliance and audit support
Vendor payment dispute resolution
Document management and storage
Invoice scanning
Invoice indexing
Invoice validation
Inter-company invoice processing
Non-PO/Expense invoices processing
Travelling & expense invoice booking
Freight invoices processing
Invoices stuck in the error queues.
Identifying duplicate invoices
Clearing out-of-balance invoices
3-way & 2-way matching, releasing the invoices for payment
Payment processing of PO & Non-PO invoices
Payments: Manual payments, Prepayments, Check payments, Check void and reissue, Wire payments, ACH payments
Managing Vendor accounts and resolving queries
Reconciliation: Vendor statement reconciliation, Inter-company reconciliation, GR/IR reconciliation (inventory reconciliation)
Manual Clearing
Supplier support via calls & emails
Vendor maintenance -new vendor creation, Address change, ACH set up, Change in banking details, Reactivation, Vendor merge/Factor Relationship, Vendor verification.
Month-end activities - Accruals & Provision
Vendor Debit balance working -Preparing debit balance letter.
Requesting refunds, resolving queries related to Dr balance, Sending warnings for collection letters.
Settlements
Credit memo processing
Credit reconciling
Chargebacks adjustment
Settlements
Are you losing even a percent of revenue as uncollectible or marking it as a bad debt?
You don’t need to do this, anymore!
With our dedicated accounts receivable services, you will be at peace with your worries about collectibles.
Invoice generation and delivery
Customer billing and payment processing
Collection and dunning letter management
Cash application and reconciliation
