Best Financial Accounts Payable Services
Your company will be able to better manage working cash flow budget flow, create and maintain strong supplier relations, identify potential areas of cost savings, increase organizational agility, and compliance with statutory policies with an effective Accounts Payable process.
PayrollBD Technologies is a leading provider of Accounts Payable BPO Services. With over 15th years of providing end-to-end Accounts Payable services, we are one of the leading accounts payable outsourcing companies. We provide timely and efficient services to help your organization streamline its finance and accounting activities and improve operational efficiencies.
Our Financial Accounts Payable Services Process
01. Receipt of Invoice- We will obtain your printed copy and digital invoices during the first step of Invoice Receipt.
02. Data and Image Capture- All of your records will be saved as images, and all invoice photos will be accessible.
03. Procedure and Routing- The invoice records are processed and routed to the appropriate customer executives for permission and final resolution during the Process as well as Route stage.
04. Disbursement and Archiving- The invoices that have been approved will be posted to the customer's AP system for payment via standard interfaces on all financial reporting platforms. After that, the invoices would be filed in General Ledger as "normal." Because Flatworld also handles payments, the paper records will be kept at our facility, while the digital images will be accessible online.
Our Accounts Payable Department Tasks
As previously stated, an organization's accounts payable process must be very organized and systematic. Processing invoices issued by vendors and suppliers to the company, known as vendor invoices or inbound invoices, is one of the most essential activities of accounts payable workflow.
Financial Accounts Payable Services that aid in the accurate and efficient management of a company's end-to-end account payables. The accounts payable department's primary responsibilities also include:
1. Upkeep of vendor master records.
2. Verification of vendor invoices and account assignment.
3. Invoices from vendors must be entered.
4. Management of outstanding items.
5. Making payments and settling accounts.
Get 6 Dynamic Financial Accounts Payable Services
1. Data Collection
2. Batches Preparation
3. Document indexing
4. Auditing and Reconciliation
5. Document storage and retrieval
6. Handling of incoming mail
2. Disbursement Services
1. Handling of returned checks
2. Safe and efficient inventory control
3. Handling of special invoices
4. Electronic payment processing
5.Online check verification
6. Invoice Mail handling service
3. Additional Services
1. Utility bill administration
2. Travel and expense processing
3. Tax filing
4. Supplier administration
5. Special projects reports
6. Customer care
4. Data Processing
1. Routing for Exceptions and Approvals
2. Simplified the month-end closing process
3. Documentation of the audit trail
5. Possible Duplicates Analysis
1. manual and automated data entrys
2. three-way database matching
3. Processing of electronic invoices
Benefits Of Our Accounts Payable Services
HR Cost Savings
Frequently Asked Questions For Accounts Payable Services
We Are The Best Financial Accounts Payable Services Provider
We dedicated to providing top Financial Accounts Payable Services for Real Estate, Restaurants, and Businesses, and we currently offer Accounts Payable Services using software such as Oracle, ERP, Bill.com, Propertyware, Turbotax, MAS90, Sage Intacct, Netsuite AP Centre, R365, and AvidXchange.