Accounts Payable

Our Accounts Payable Outsourcing Services at India offer our global customers the flexibility to outsource all or part of their accounts payable business functions.

The Accounts Payable Outsourcing Services provide you with the advantages of cutting edge technology and skilled staff without having to invest in these or buying and maintaining expensive software. We provide industry best practices including Sarbanes-Oxley compliance leading to reduced discrepancies and greater financial control which finally translates into enhanced profitability.

DATA CAPTURE

Receipt and management of all paper-based payables documents. This includes:

  • Sorting & Scanning
  • Document storage and retrieval
  • Audit and reconciliation of scanned invoices
  • Batch preparation & Document indexing
  • Receiving and processing incoming mai
  • 100% availability of scanned invoices

 

SUSPECT DUPLICATE ANALYSIS

Audit and control mechanisms to eliminate the risk of duplicate payments and support recovery and reclamation through:

  • Manual and automated data entry
  • Electronic invoice processing
  • Three-way database matching

DATA PROCESSING - EXCEPTION MANAGEMENT/RESOLUTION

Resolution and proactive management of exception transactions. This includes:

  • Approval and exception routing
  • Documented audit trail
  • Shortened month-end closing process

DISBURSEMENT SERVICES

All aspects of payments in minimal time to reduce customers’ floating costs.

  • Print and distribution of checks
  • Online check proofing
  • Electronic payment handling
  • Return check handling
  • Special invoice mail handling

SCALEUPYOURTEAM OTHER ACCOUNTS PAYABLE SERVICES

Our Accounts Payable Services also include accounts payable reports, utility bill management, travel and expenses processing, tax reporting, supplier management, special project reports, and customer service.
Read about SUYT reliable, flexible accounting services for UK companies using Sage Accounting Software.

State-of-the-art Workflow Technology

Invoice Receipt

Customers’ hard copy and electronic invoices are received. 

Process and Route

Invoice documents are processed according to previously agreed upon business rules with the customer. Invoices are routed to the relevant customer executives for approval and final resolution.

Archive

The invoices are then posted to the General Ledger as ’normal’. We also perform disbursements.

Image and Data Capture

All documents are stored as images and all invoice images are viewable.

Disburse

An approved invoice is uploaded to customer’s A/P system for payment through standard interfaces on all accounting platforms.

Storage

The hard copies are stored at our facility and the electronic images are searchable online.

Hire 5 Key Benefits of Outsourcing Accounts Payable Services

Why Outsource Accounts Payable Services To India

  • Efficiency and accuracy facilitated by our advanced workflow and imaging technology, adherence to industry best practices and high levels of quality.
  • Our processes provide customer up-to-the-minute information on invoice (amount, vendor, date) process stage, approvals (who approved it, when), exceptions (price discrepancy, quantity discrepancy) as well as all outstanding liabilities for the organization.
  • We provide 24×7 customer service to facilitate prompt response and resolution to customer/vendor inquiries.
  • Our web-based reporting system maintains the highest level of security of customer data at the same time allowing the customer real-time tracking.
  • Improved business intelligence facilitated by the big picture available to the management.
  • Improved financial control made possible by our transparent processes and 24×7 secure web access to customers.
  • Reduced invoice discrepancies and disputes.
  • Strengthened Vendor relations.
  • Online repository for easy access to invoice transaction audit trail and access to supporting documentation required for audits.