For Businesses > AP / AR

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 by email from all your suppliers or via post-box receive at our scanning centre in 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

"Fast, accurate and responsive to directions; this is a team that delivers excellent value”

--T&K Accounting group, Surrey

Accounts payable/receivable outsourcing – How much does it cost?

Outsourcing of accounts payable and accounts receivable is one of the easiest to manage in terms of accounting outsourcing. It is one of the cheapest of all the accounting function that can be outsourced. Not just that, it is the easiest for transition and the process can be streamlined in a very short span of time.  

The reasons for it to be the cheapest of all is because, it does not require senior level accountants as it can be very easily done by accounts payable/accounts receivable clerks who are easier to get and easier to train. If the process is set right, it will be the minimal error prone amongst all accounts outsourcing functions.

The hourly costs of accounts payable/accounts receivable clerk start from just £5/hour. The accounts payable / accounts receivable outsourcing is also made possible by the web based accounts software systems. In summary accounts payable/accounts receivable outsourcing is the easiest to implement and get maximum cost savings of all accounts outsourcing functions.

   

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