For Businesses > Payable / Receivable
Accounts Payable / Accounts Receivable Outsourcing
With a host of suppliers, rates and information, the administration of accounts payable/receivable is a burden for any business. Our accounts payable/ receivable outsourcing service is designed to help you solve this while reducing your costs.
We are happy to use your existing accounting / invoice processing software or you can use our online invoice processing system. We can learn your systems, processes and do the work exactly as you prefer. Our accountants will study your process, create documentation and conduct trial runs before planning for the full transition.
Our services are totally customizable to suit your needs and we can handle some or all of the processes for you:
Accounts Payable
- Receipt of Invoices – Receive your supplier invoices from all your suppliers by email or via post at our scanning centre in the UK
- Data capture – Data processing experts and OCR software to extract information from invoices
- Quality assurance – Data checking staff to match every line of captured information to ensure 100% accuracy
- Data porting – Export data to software of your choice like Oracle, SAP or any other accounting system
- Data matching – Invoices matched against POs and other data
- Approval – Code invoices with department codes and forward for approval to right people using a simple web interface
- Resolve issues – Create list of exceptions for internal resolution based on the pre-defined rules
- Storage – Store & maintain documents in the system for a minimum of 6 years and back-ups
- Reports – Produce custom reports, graphs and statistics
Accounts receivable
- Invoice creations – Create customised invoices online or from your system and send via post or email
- Client follow-up – Check for payment and follow-up with clients for late payments
- Bank reconciliation – Reconcile the accounts for invoice payments
- Reports – Prepare management reports, graphs and statistics based on your requirement
Reasons to use our outsourced accounts payable / receivable service
- At least 60% cost savings from your current invoice processing costs
- Complete service covering all human intensive operations
- Expertise to handle quick transition of your current process
- Applicable across all industries and businesses
- Local UK support in UK
Next step: Contact us for more information >>
 |
“Thought it will take long to setup outsourcing”
- I thought it will take time to set-up outsourcing. But after I contacted you, it was all done very quickly and you were ready to start immediately.
After setting it up, I realised, how my time could be effectively spent on billable work. I like your quick turnaround and next day service. I am very pleased with Ramesh and Kumar, their quick response and "can do" attitude. They show great attention to detail and I particularly like their questions- It's obvious that they are paying attention to things like unbilled expenses, un-cleared items etc.,
-
Colin Stanford, Guildford, UK
Top
