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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.

Accounts Payable Outsourcing Services

Our Accounts Payable Services

We provide Accounts Payable Services to customers all over the globe, including customers in UK and USA. The end-to-end solution includes the following:

01

Data Capture

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

  • Sorting
  • Batch preparation
  • Scanning
  • Document indexing
  • Document storage and retrieval
  • Receiving and processing incoming mail
  • Audit and reconciliation of scanned invoices
  • 100% availability of scanned invoices
02

Data Processing - Exception Management/Resolution

Resolution and proactive management of exception transactions. This includes:

  • Approval and exception routing
  • Shortened month-end closing process
  • Documented audit trail
03

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
  • Three-way database matching
  • Electronic invoice processing
04

Disbursement Services

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

  • Print and distribution of checks
  • Secured maintenance of check stock
  • Online check proofing
  • Return check handling
  • Electronic payment handling
  • Special invoice mail handling
05 Outsource2india Accounts Payable Services

Outsource2india’s 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 O2I’s reliable, flexible accounting services for UK companies using Sage Accounting Software.

State-of-the-art Workflow Technology

01.

Invoice Receipt

Customers’ hard copy and electronic invoices are received. 

02.

Image and Data Capture

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

03.

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.

04.

Disburse

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

05.

Archive

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

06.

Storage

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

5 Key Benefits of Outsourcing Accounts Payable Services

Invoices will be paid Before Due Date

Your invoices will be paid before the due date

Can Access Monthly Quarterly Annual Reports

You can access monthly, quarterly or annual reports

Vendor will ensure compliance to SOX

Your vendor will ensure compliance to SOX

View co-relations between checks issues & invoices

View co-relations between checks issued & invoices that have received payment

Leverage Accounts Payable

You can leverage accounts payable expertise while cutting down on costs

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 24x7 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 24x7 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.

We have over 19 years of experience when it comes to offering accounts payable services. Read our article on AP automation predictions for 2018 and beyond to know what's in store for accounts payable in the future.

If you want to outsource financial analysis services, read more about Outsourcing Financial Analysis Services to Outsource2india and its advantages.

For further information about O2I's Accounts Payable Services and Pricing details.

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