Anumahadevan
Uploaded on May 1, 2020
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Accounts Payable Services
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What are Accounts Payable Outsourcing
services?
Handling a large number of invoices and
other accounts payable documentation in a
row is a very hectic task for the company.
This task also has become extremely time
consuming and costly for the Accounts
payable department.
The accounts payable outsourcing service
helps in streamline the multiple tasks,
including scanning, matching, validation,
and approval. It also enables staff to
concentrate on core business tasks,
generating faster processing times and
quick payments.
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Why proper Invoice Indexing and per-
defined Workflow is required for Accounts
Payables Processing?
Digitizing your invoices and creating a
workflow can help the business to
organize the flow of vendor invoices
through various approval and quality
check process very easily. It also ensures
the same by suggesting small technical
changes in the existing system and
creates a workflow with required control
points for accuracy and timeliness of the
payable cycle.
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www.licensehub.in we are providing more than 150 license and approval services on one platform. Contact Paras Mittal, Mb 9971002715.
www.pnjhub.in we are aggregator platform where you can list yourself as professional and get leads, you can list for chat with customers and also list empty office space.
www.licensehub.in we are providing more than 150 license and approval services on one platform. Contact Paras Mittal, Mb 9971002715.
What do we do in Invoice
Indexing?
We index your PO and Non-PO
invoices/expenses to go
through the required approval
authority. The workflow allows
us to get a complete MIS for
visibility of invoice status in
real time and also maintain all
your geographies.
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www.licensehub.in we are providing more than 150 license and approval services on one platform. Contact Paras Mittal, Mb 9971002715.
Why is proper Invoice Processing
required?
Suppliers play an important role
in the growth of the organization
by giving their payments on time
which also helps in strengthening
the relationship. An invoice
correctly processed leads to
hassle-free clearance of payable
and take discounts on early
payments as well.
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www.licensehub.in we are providing more than 150 license and approval services on one platform. Contact Paras Mittal, Mb 9971002715.
What do we do in Invoice
Processing?
Our team of professionals has
extensive knowledge of the
Accounts Payable process that
handles all kind of invoices i.e. PO
based Invoice, Non-PO Invoices,
Service or Material Invoice, Work
Orders with a high level of
accuracy on applicable taxes,
helping your business to update
payable in a timely manner.
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What is the importance of
Payment Processing in Accounts
Payable Processing?
Credit period is an important aspect to
manage by the organization as it
directly affects the cash flow in the
business. On one hand, paying early
gives additional discounts thus saving
money for the business and on the
other hand paying on due dates allows
the business to enjoy complete credit
period and maintain working capital
available all the time.
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www.licensehub.in we are providing more than 150 license and approval services on one platform. Contact Paras Mittal, Mb 9971002715.
www.pnjhub.in we are aggregator platform where you can list yourself as professional and get leads, you can list for chat with customers and also list empty office space.
www.licensehub.in we are providing more than 150 license and approval services on one platform. Contact Paras Mittal, Mb 9971002715.
Why should we prefer for GRIR
Reconciliation before making
payments to the vendor?
Have you wondered why your team
takes a lot of time at the end of the
year correcting the ledgers for
nominal accounts, or any suspense
account? Your inventory and
payables need to be reconciled
regularly so that your books are up-
to-date and show true status of your
ledgers. Let us help you in the best
possible way.
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www.licensehub.in we are providing more than 150 license and approval services on one platform. Contact Paras Mittal, Mb 9971002715.
What do we do in GRIR
Reconciliation?
We reconcile at the unit level of
Purchase Order receiving with the
invoices being sent by the vendors
and report/clear any variation at
frequent intervals. We coordinate with
the procurement and the Accounts
Payable team to take required action
and float a regular MIS for you. Now
you can relax on the chair at the end
of the year and don’t need to chase
your team for the closure of financials
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What do we do in Payment Processing?
All payments are in your controls. Our team prepares an aging of payables,
highlights the critical invoices, enlists the top vendors, creates a payment
proposal in the accounting ERP system and makes available for your approval
and submitting payment file to Bank. Whether you pay daily or weekly we
make all the required data available for you to take a decision on your
payables.
What is Vendor Statement Reconciliation? Is it important for
effective accounts payable processing?
Are you getting statements from your top vendors? Are your payments
applied to the correct invoices? Are you charged with the late fees on the
statements? Do not let yourself struggle with the dispute merely due to the
fact that your statements are not reconciled on time and avoid any undue
late fees. Now you can easily focus on issuing 1099 forms on due dates and
meewtw wd.pnejhuab.idn wlei anre eagsgre goatofr palatfnormn wuheare ylo ur ceant lisut yrounrseslf .as professional and get leads, you can list for chat with customers and also list empty office space.
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What do we do in Vendor
Statement Reconciliation?
We reconcile all vendor invoices
and the payments issued to them
considering all applicable
discounts/returns and update the
vendor periodically for any
difference in the ledger. We
coordinate with the vendor’s
Accounts Receivable team for any
required correction.
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www.licensehub.in we are providing more than 150 license and approval services on one platform. Contact Paras Mittal, Mb 9971002715.
What is the importance of Vendor Data
Management? Why should this be
outsourced?
Do you have a large number of vendors?
Do most of them are One Time or Frequent
Suppliers? Are you concerned to have
them correctly set-up in your accounting
ERP system so that they are reported
correctly in your returns?
Hence, the correctly updated and
managed vendor databases help in
managing the day to day transactions
smoothly as well as ensure accuracy tax
ability at the end of the year.
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www.licensehub.in we are providing more than 150 license and approval services on one platform. Contact Paras Mittal, Mb 9971002715.
What do we do in Vendor
Data Management?
We get the required details and tax
certificates from your vendors while
initial set up and keep them
updated frequently year after year.
We also address the vendor
requests whenever they want their
details updated like a change in
name, tax ability, nature of
business and contact information.
www.pnjhub.in we are aggregator platform where you can list yourself as professional and get leads, you can list for chat with customers and also list empty office space.
www.licensehub.in we are providing more than 150 license and approval services on one platform. Contact Paras Mittal, Mb 9971002715.
Why is Vendor Help desk important for every business?
Some organizations are equally performing well as you are and need their
books reconciled timely. A dedicated AP Help desk team addresses all
queries coming from your vendor. This is required so that your vendors
can be heard well to strengthen the organizational relationship.
What do we do in Vendor Help desk?
We set up a dedicated Mailbox and Desk Number so that your vendors
can reach you. We log all queries received on the shared mailbox and the
help desk number and address them in a sophisticated and timely
manner. We also share an analysis of queries and design a solution plan
so that such queries are minimized. We create such a team who makes
the query resolution a pleasant experience for your vendors.
www.pnjhub.in we are aggregator platform where you can list yourself as professional and get leads, you can list for chat with customers and also list empty office space.
www.licensehub.in we are providing more than 150 license and approval services on one platform. Contact Paras Mittal, Mb 9971002715.
THANK YOU
www.pnjhub.in we are aggregator platform where you can list yourself as professional and get leads, you can list for chat with customers and also list empty office space.
www.licensehub.in we are providing more than 150 license and approval services on one platform. Contact Paras Mittal, Mb 9971002715.
www.pnjhub.in we are aggregator platform where you can list yourself as professional and get leads, you can list for chat with customers and also list empty office space.
www.licensehub.in we are providing more than 150 license and approval services on one platform. Contact Paras Mittal, Mb 9971002715.
www.pnjhub.in we are aggregator platform where you can list yourself as professional and get leads, you can list for chat with customers and also list
empty office space.
www.licensehub.in we are providing more than 150 license and approval services on one platform. Contact Paras Mittal, Mb 9971002715.
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