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Account Payables

Any kind of business has its own business cycle and as per that cycle, it experiences lows and highs, in terms of process efficiency, sale margins, annual profits, employee motivation etc. The business owner has no control over most of the factors responsible for this deviation but the inherent discrepancies in any business process can be addressed and improved with consistent efforts. Accounts Payable is one such area. In the present business scenario, a business and its promoter/s are under continuous pressure to cut costs to continue as a viable & profitable entity.

Companies are required to file regulatory compliances which are extremely difficult while trying to extract maximum value for money from expenditures and to cut costs as much as possible. High level of business sense, good service level agreements, better monitoring and reduced costs of processing can be achieved by deployment of automated systems based on business requirements.

Why To Outsource Your Accounts Payable Services To Corpseed

Our accounts payable automated solutions make the end-to-end accounting process more efficient and effective. Our flexible and innovative services offer customers the ability to convert their accounts payable processes into an asset for the organization.

We have thorough understanding of the requirements of the customers in various industries. Our AP processing services provide cost efficiency, dependability, flexibility and easy implementation and have been developed through the integration of many technologies.

Corpseed Accounts Payable Services cover following transactional processes:

• Processing of Purchase Orders
• Matching Purchase Orders with Invoices
• Processing of Standard Pricing Information
• Processing Debit Memos
• Aging Report Preparation and Processing
• Processing of Monthly Sales Tax
• Processing of Monthly AP Ledger
• Escalation/alerts for transactions pertaining to:

- When purchase orders are issued without budget allocation or proper authority

- Certification of delivery of services/goods by non-authorized individuals

- Missing evidence of delivery of services/goods against supplier bills

- Purchase orders of vendors not matching the supplier bills

- Incorrectly computed supplier bills

Benefits of Corpseed Accounts Payable Service

• Increased Profit — The outsourcing of AP helps to enhance the working capital of the business and ensures its optimal use leading to comfortable bottom line.
• Reduce Processing Costs — The automation of Accounts payable can help to reduce the cost of processing by minimizing the total time required to complete the transaction.
• Web Access of Invoice Documents — It allows the business owner/promoter to access the invoice online, making it convenient to access it from any corner of the world.
• Avoid Late Payment Fees and Penalties — Reminders and scheduling facility of our AP Process keeps you protected from late payment penalties.
• Never Miss an Early Payment Discount — It also makes the promoter aware of the benefits of early payments by updating you about the profits of early payment, if any.
• Avoid Duplicate Payment — Accounts Payable transactions are handled by experienced professionals which mitigates the possibilities of duplicate payments.
• Eliminating the need for storage of paper invoice — With the help of accounts payable software, a paperless accounts payable system can be achieved to maximize efficiency and effectiveness.
• Improve Consolidation — It streamlines the complete accounts payable system, making it accurate and ensures high quality standards.