Accounts Payable Services

Accounts Payable Services

In today’s cutting edge competition where information is required on fingertips, Accounts Payable management is one of the most precarious tasks for businesses. Lack of it can disturb your cash saving policies, vendor relationships as well as cost you your working capital, which will outcome in lessening in your overall profit.

We at Whiz Consulting, one of the leading finance and accounting outsourcing companies, take pride in delivering efficient and effective accounts payable outsourcing services. Having in-depth understanding of the needs of customers in innumerable industries, in addition to extensive experience, we have developed our services grounded on that. Our accounts payable processing services are cost efficient, flexible, dependable and quick to implement and have been established through the combination of many technologies. Our accounts payable services are of a quality that can be matched by few in the industry and are wide-ranging and pioneering.

Our Accounts Payable Services

The end-to-end solution comprises the following:

1) Data Capture : Receipt and management of all paper-based payables documents. This includes:

  • Sorting
  • Document indexing
  • Batch preparation
  • Audit and reconciliation of scanned invoices
  • Document storage and retrieval
  • Receiving and processing incoming mail

2) Data Processing : Resolution and proactive management of exception transactions. This includes:

  • Approval and exception routing
  • Shortened month-end closing process
  • Documented audit trail

3) Suspect Duplicate Analysis: Audit and control mechanisms to exclude the risk of duplicate payments and support recovery and reclamation through:

  • Manual and automated data entry
  • Three-way database matching
  • Electronic invoice processing

4) Disbursement Services : All parts of payments in minimal time to reduce customers’ floating costs.

  • Electronic payment handling
  • Return check handling
  • Secured maintenance of check stock
  • Special invoice mail handling
  • Online check proofing

5) Other Accounts Payable Services: Comprises of accounts payable reports, utility bill management, travel and expenses processing, tax reporting, supplier management, special project reports, and customer service.

Advantages offered by Whiz Consulting

  • Your invoices will be paid before the due date
  • You can get monthly, quarterly or annual reports
  • Your vendor will ensure compliance to SOX
  • View co-relations between checks issued & invoices that have received payment
  • You can leverage accounts payable expertise while cutting down on costs
  • 24x7 secure web access to customers, ensuring financial control

Why partner with us?

  • Not requiring any capital investment while substantially reducing processing costs for accounts payable
  • Efficient access to historical and current documents to diminish external and internal audit costs
  • Integration with enterprise-wide financial and legacy systems
  • Automation of travel and other expenses
  • Assisting customers with centralization of the function for QuickBooks Accounts Payable
  • Digitization of paper invoices for immediate access and to provide faster resolution of disputes and audit streamlining
  • Efficient and accurate services
  • Adherence to industry best practices
  • High security and total confidentiality of data
  • 24x7 customer service
  • Quick turnaround

Contact us for any kind of reconciliation service!


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