Each day, the business world gets more competitive. In such an environment, your company needs a way toimprove your services and stand out from the competition while also cutting costs. Outsourcing accountspayable is a viable solution for companies wanting to do just that.

Managing accounts payable in-house if often a daunting task. The more your company grows, the more challenging it is to make sure the AP department can keep up.

With an efficient Accounts Payable (AP) or Procure to Pay process, your organization will be able to manage working capital and cash flow better, develop and maintain strong vendor relationships, determine potential areas of cost saving, increase organizational agility and comply with regulatory policies.

In day to day operations, you have to deal with a host of vendors across your functions. Managing all their accounts payable issues including invoice receipts, payments, tax deductions, managing statutory compliances can be quite a hassle.

Through our services in APO (Accounts payable outsourcing), we ensure that Accounts Payable can be managed smoothly and efficiently.

• Vendor contract management & archival
• Vendor bill booking, queue for payment, based on appropriate approvals
• Vendor payments in line with company policies
• TDS deductions and issue of certificates to vendors based on govt. regulations

BENEFITS

• Increases vendor satisfaction by making timely and accurate payments and also escaping from penalties for non-payment or late payment.
• Without adding additional manpower, we help increase efficiency in the entire accounts payable process
• Hiring your own in-house accounts payable staff, as well as all the equipment and programs can be costly,we can do the same job at a lower cost with experienced & equipped professional.
• Documents related to accounts payable are lost due to negligence by the staff. Whereas if the outsourcing services are used, we will make sure that all the documents are kept properly. We have a well-established procedure for properly tracking the documents of the firms. All the invoice copies and statements will be processed in a prompt manner.