Finsmart Solutions Accounts Payable outsourcing services at India are focused at transforming our customers entire payment activity by effectively automating the processes of documents management, transaction management, exception resolution, elimination of duplication and disbursement-related services.
With our Accounts Payable Outsourcing Services, we offer our global customers the flexibility to outsource all or part of their accounts payable business functions.
Our Accounts Payable Services
We provide Accounts Payable Services to customers based out of USA, UK, India, Netherlands, Germany, Singapore & Australia. The end-to-end solution includes the following:
State-of-the-art Workflow Technology
- Step 1 – Invoice Receipt: Customers’ electronic invoices are received.
- Step 2 – Image and Data Capture: All documents are stored as images and all invoice images are viewable.
- Step 3 – Process and Route: Invoice documents are processed according to agreed business rules with the customer. Invoices are routed to the relevant customer executives for approval and final resolution.
- Step 4 – Disburse and Archive: An approved invoice is uploaded to customer’s A/P system for payment through standard interfaces on all accounting platforms. The invoices are then posted to the General Ledger as ’normal’.
Why Outsource Accounts Payable Services to India?
- Efficiency and accuracy facilitated by our advanced workflow and processes, adherence to industry best practices and high levels of quality.
- Our processes provide customer up-to-the-minute information on invoice (amount, vendor, date) process stage, approvals (who approved it, when), exceptions (price discrepancy, quantity discrepancy) as well as all outstanding liabilities for the organization.
We have 10+ years of experience when it comes to offering accounts payable services and have been constantly evolving to provide best of the customized practises and solutions to our customers.
OUTSOURCE ACCOUNTS RECEIVABLE SERVICES
Our accounts receivable outsourcing services enable our customers to effortlessly deal with key finance functions that impact cash flow, and are essential for maintaining a strong business. Enabling our customers to increase their control on every account with extensive reporting on account activity, our Accounts Receivable Services facilitate quicker payments and improved cash flow.
We provide a wide spectrum of accounts receivable outsourcing services to our global customers with an option to outsource all or part of their accounts receivable functions to us.
Accounts Receivable Services We Offer
- We provide Accounts Payable Services to customers based out of USA, UK, India, Netherlands, Germany, Singapore & Australia. The end-to-end solution includes the following:
- Entering receivable transactions into the accounting system
- Preparing and delivering periodic statements
- Preparing accounts receivable reports
Accounting Software We Use
We are proficient at using following finance and accounting services software:
Why Outsource Accounts Receivable Services to Finsmart Solutions?
- Minimized delinquencies
- Increased cash flow and recoveries
- Decrease in bad debt
- Elimination of unapplied credits
- A virtual extension of customer’s credit department
- Improved speed and flexibility
- Our AR deductions management services help you improve productivity by streamlining your receivables efficiently
We design customized solutions for customers depending on their need and requirement for managing their receivables based on their customer relationship strategy.