Accounts payable (AP) outsourcing performs a
significant function in finance and accounting.
Business managers are under incredible pressure to trim costs of
finance and accounting departments to boost productivity, increase
profitability and assign strategic value to it. Now there is enough
demand in the market for accounts payable outsourcing.
The enormous volume of workload on businesses has created a unique
position for accounts payable outsourcing. To address the excess
workload on maintenance of accounts, outsourcing has often been the
direction taken. This then allows staffs to have more time to control
and monitor accounts properly.
Most companies consider accounts payable outsourcing as an adjunct to
their business.
One can definitely design a strategy for a company to outsource their
accounts payable (AP) at best prices.
They will also be able to attain the desired quality in the work and
turn around time.
At
Infinit-O, we develop Dedicated Operating Teams (DOT) which act and
operate as if they are an internal department of your company without
the risks and costs of setting your own office offshore.
Infinit-O's accounts payable outsourcing services include but not
limited to:
Accounts
Payable Outsourcing Services
- Purchase
Order Matching and Entry
Scanned documents such as invoices are
matched
against
purchase
orders
to ensure that ordered goods or services
match with
delivered/received
as well as with billed. These are
then posted to
the system
for
payment.
Customized reports are provided daily,
weekly or
monthly or as
defined
by the client.
Checks are generated ready for printing
by the
client.
- Travel
and Expense Claims Processing
Accurately process claims based on
client’s
travel and
expense
policy. Claims found
noncompliant to the
policy are flagged
for
client’s review and approval.
- Account
Payable Management
Management of the end-to-end accounts
payable
processes.