Accounts Payable Services

Our accounts payable services are focused at transforming our customers entire payment activity by effectively automating the processes of documents management, transaction management, exception resolution, elimination of duplications, and disbursement-related services.

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

We 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.

OUR ACCOUNTS PAYABLE OUTSOURCING SERVICES

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

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

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

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

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

Outsource2india Accounts Payable Services

Outsource2india’s Other Accounts Payable Services

Our accounts payable outsourcing 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.

Storage

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

5 Key Benefits of Choosing Us As Your Accounts Payable Company

Your invoices will be paid before the due date

Can Access Monthly Quarterly Annual Reports

You can access monthly, quarterly or annual reports

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

You can leverage accounts payable expertise while cutting down on costs

Finance and Accounting Portfolio

Accounting

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Tax

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Bookkeeping

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Why Outsource Accounts Payable Services to Us?

Efficiency and accuracy facilitated by our advanced workflow and imaging technology, adherence to industry best practices, and high levels of quality.
Our processes provide customers 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.

Additional Services you can Benefit From

Accounting Services - Our accounting services are thorough and comprehensive and delivered by seasoned accountants and bookkeepers.
Accounts Receivable Services - We provide comprehensive and reliable accounts receivable services to help businesses stay on top of their accounts receivable.
Tax Preparation Services - Our tax preparation services are backed by over 24 years of experience in helping organizations file their taxes and save money while doing so.
Invoice Processing Services - We can effectively and efficiently take over the processing of all your incoming invoices so that there are timely approvals and dispersal of payments.
Bookkeeping Services - We provide effective and efficient bookkeeping services that ensure that our clients financial data is sound and provides them with actionable insights.
Payroll Processing Services - We help you stay on top of all your payroll requirements, including salaries, deductions, overtime, bonuses, taxes, and much more.

We have over 24 years of experience as a leading accounts payable services company.

If you want to shortlist us as one of your accounts payable services providers, read more about Outsourcing Financial Analysis Services to us and its advantages.

For further information about our Accounts Payable Outsourcing Company and Pricing details.

Starts @ $12/hour

Avail best-in-class services at affordable rates

More pricing details