In the present world of cutting-edge competition where it is expected to have the important information on fingertips. Accounts Payable management is amongst the heftiest task for businesses to handle. The lack of efficient accounts payable service can turn out to be the major reason to disrupt cash saving policies, along with vendor relationships and also affect the cost of your working capital, which in turn will lead to lessening of the overall profit.
Whiz Consulting, finds its place amongst the leading accounting and finance outsourcing company, we take pride in always delivering efficient as well as accurate accounts payable outsourcing services. In-depth and detailed understanding of the customer expectations along with association with innumerable industries. We also hold team of professionals who hold extensive experience, and have developed the ground for effective service. Whiz Consulting’s accounts payable services are not only cost-effective and flexible but also dependable and swift to implement. It has been established with utilizing combination of various technologies. The accounts payable services are of high-quality encompassing wide-range of services and products.
Our Accounts Payable Services
The comprehensive end-to-end solution is inclusive the following:
1) Data Capture: Management of paper-based documents. This is inclusive of-
- Preparation of batches
- Indexing the document
- Auditing and the reconciliation of all the scanned invoices
- Storage of documents and retrieval
- Processing and receiving the incoming mail
2) Data Processing: Resolution and proactive management of the exception transactions. This is inclusive of-
- Exception and Approval routing
- Minimized month-end process of closing
- Audit trail documentation
3) Suspect Duplicate Analysis: Control and auditing mechanism which excludes the threat of redundancy in case of payments and better support the recovery and reclamation:
- Automated as well as manual data entry
- Database matching which is three-way
- E-Invoice processing
4) Disbursement Services: All the major parts of the payments are handled in minimal time to minimize the floating cost administered upon the customers.
- Return check handling
- Secure and efficient stock checking
- Special invoice and mail handling service
- Electronic payment handling
- Online check proofing
5) Other Accounts Payable Services:
- The account payable reports also take into account utility bill management, expenses, travel cost, tax reporting management, supplier management, along with keen eye on special project reports, and customer service
Advantages offered by Whiz Consulting
- The invoices will be paid well in time before the due date
- We create monthly, quarterly, and annual reports for you.
- The vendor will ensure strict adherence to SOX compliance.
- View the co-relations that surface between the checks issued & the invoices that have received payment.
- The accounts payable service is handled by experts while narrowing down the overhead costs
- Safe and secure 24/7 web access to the customers, along with financial control.
Why partner with us?
- There is no need to invest any capital, we strive to substantially reduce the processing costs for accounts payable.
- The access to past and current documents is efficiently handled to minimize the external and internal audit costs.
- Financial and legacy systems are well integrated for enter.
- 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.
- Accurately streamline and efficient services.
- Abide by industry laws and practices
- High-level of security and absolute confidentiality of the data
- 24×7 customer service
Contact us for any kind of reconciliation service!