Maintaining Documents required for the Payables functions such as Contracts, PO, amendment agreements, and important email communications.
The details, like date, vendor’s name, and authorizations, are thoroughly scrutinized. It is ensured that requirements, if any, raised with the vendor based on the PO are also verified. We ensure that the bill received is complete and the charges applied are as per the agreed terms and also updating the system with the receipt of the Invoice. Prompt and thorough bill verification helps in minimizing disputes and saves the time for everyone.
We make certain that the AP balances presented in the books are up-to-date, and that all payments are accurately credited to the corresponding AP balances.
We ensure our Clients pay their Bills/Invoices well on time that ensures an uninterrupted flow of supplies and services by Vendors; resulting in the systematic flow of business.
We take every possible step to save our Client’s time that often gets wasted in communicating with their vendors regarding Invoice-making. Quite often Client’s vendors are not organized and send incorrect invoices which in turn increase unnecessary communication and result in waste of time .To avoid the same, for many of our clients, we follow a system where we send the bill information based on our record to the client.
Managing Accounts Payable is more or less like walking a tightrope between keeping a healthy cash flow and maintaining supplier relationships. Lower your cost of operations with an efficient, cost-effective, and accurate Accounts Payable process to improve the bottom line. We take care of the entire Accounts Payables management cycle that includes all the functions from Issuance of the Purchase order to payment to the vendor.
