Outsourced Accounts Payable Services | Accounts Payable Process

Accounts Payable Services Online

Accounts Payable is a form of credit that your business can avail from your suppliers. It allows delayed payment for products or services your business avail. Accounts payables should not be ignored at any cost as this will only disrupt cash flow and also ruin relation with your suppliers.It also affects your working capital, which in turn will lead to the lessening of the overall profit. A credit period is allowed by the creditors and suppliers, and in a few cases, you might avail discount when it is paid before the due date. But not paying on time might have a more significant issue like breach payment terms with your suppliers which might land your business in legal matters.

Whiz Consulting understand that accounts payable is essential to keep up with smooth cash flow and so we provide outsourced accounts payable services that help you do exactly the same. We prepare a daily, weekly, or biweekly report as per the need of our clients. We have an in-depth and detailed understanding of the customer expectations along with association with innumerable industries. We help you pay your creditors and supplier on time and in some case help you to avail discount for paying deligently.

Accounts Payable Automation Services We Offer

We provide the following Accounts Payable Automation Services :

Data Capture

Management of paper-based documents that includes -

  • Sorting
  • Preparation of Batches
  • Indexing Documents
  • Auditing & Reconciliation
  • Storage of documents & retrieval
  • Processing and receiving the incoming mail

Data Processing

Management of the exception transactions that include-

  • Exception and Approval routing
  • Minimised month-end process of closing
  • Audit trail documentation

Suspect Duplicate Analysis

Control and auditing mechanism-

  • Automated as well as manual data entry services
  • Three-way database matching
  • E-Invoice processing

Disbursement Services

This includes -

  • Return check handling
  • Secure and efficient stock checking
  • Invoice & Mail handling
  • Electronic payment handling
  • Online check proofing

Other Accounts Payable Services

  • Utility bill management
  • Expenses & travel cost management
  • Tax reporting management
  • Supplier management
  • Special project reports

Benefits of Outsourcing Accounting Payable Services

Outsourcing Accounts Payable Services can help you in the following manner :

Increase Efficiency

Outsourcing menial yet important task like accounts payable helps you can focus on the overall growth of your business.

Reduce Personnel Cost

Accounts Payable Outsourcing pricing as compare to hiring in house resource or external CA is far more cost-effective.

Continuous Tracking

When you hire a outsource partner, they are responsible for continuous tracking, thus helping to pay off payables on time.

Error Free

An outsource partner utilises accounts payable automation software that enables in the reduction of any errors.

Advantages Offered by Whiz Consulting

Whiz Consulting is one of the top accounts payable outsourcing companies in India. Here are few advantages listed that you can avail with Whiz Consulting -

Timely payment of invoices
Monthly, quarterly, and annual reports
Adhere to compliance with on-time payment
Confidentiality of data shared
Cross-examining checks issued with the paid invoice
Experts without incurring overhead costs
Safe and secure access to your data
No capital investment on expensive software
Digitisation of Accounts Payable paperwork

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