Outsource2india’s Accounts Payable outsourcing services at India are focused at transforming our customers entire payment activity by effectively automating the processes of documents management, transaction management, exception resolution, elimination of duplication and disbursement-related services.
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.
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:
Data Capture: Receipt and management of all paper-based payables documents. This includes:
Data Processing - Exception Management/Resolution: Resolution and proactive management of exception transactions. This includes:
Suspect Duplicate Analysis: Audit and control mechanisms to eliminate the risk of duplicate payments and support recovery and reclamation through:
Disbursement Services: All aspects of payments in minimal time to reduce customers’ floating costs.
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.
Step 1 - Invoice Receipt: Customers’ hard copy and electronic invoices are received.
Step 2 - Image and Data Capture: All documents are stored as images and all invoice images are viewable.
Step 3 - 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.
Step 4 - Disburse and Archive: An approved invoice is uploaded to customer’s A/P system for payment through standard interfaces on all accounting platforms. The invoices are then posted to the General Ledger as ’normal’. We also perform disbursements. The hard copies are stored at our facility and the electronic images are searchable online.
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.
Contact us for further information about O2I's Accounts Payable Services and Pricing details.