Companies have to comply with regulatory requirements that are quite complex, besides trying to achieve the maximum possible value from expenditures and to reduce costs as far as possible. Higher business intelligence, better service levels, better controls and lower costs of processing can be attained through automated systems based on business rules. OutAccounts's flexible and innovative accounts payable accounting services offer customers the ability to convert their processes for accounts payable into such a system.
We have in-depth understanding of the needs of customers in various industries, in addition to extensive experience, and have developed our services based on that. Our accounts payable processing services are cost efficient, flexible, dependable and quick to implement and have been developed through the integration of many technologies. Our accounts payable services are of a quality that can be matched by few in the industry and are comprehensive and innovative.
Accounting system's updates through:
Escalation or alerts for instances related to:
Resolution of open issues through follow-up of escalations/alerts
Updating of the system for accounts payable by processing supplier bills
Recommendation of early payment of supplier invoices where attractive cash discounts are available
Usage of documentary credits for 'account direct' payments on the basis of advice from your bank
Preparation of instructions for disbursements of supplier payments due through checks or direct transfer
Preparation of credit or debit notes wherever required
Maintenance of records for accounts payable
Preparation of vendor account statements
Reconciliation of vendor account statements with your books
Analysis of unbilled supplies, open PO commitments etc.
Provision of summaries (by age, segment, etc.) of amounts you owe your vendors
Analysis of supplier price trends and purchase history
Besides backend of accounts payable solutions, we distinguish ourselves from our competition by:
Not requiring any capital investment while substantially reducing processing costs for accounts payable
Efficient access to historical and current documents to reduce external and internal audit costs
Integration with enterprise-wide financial and legacy systems
Digitization of paper invoices for immediate access and to provide faster resolution of disputes and audit streamlining
Assisting customers with centralization of the function for QuickBooks Accounts Payable
Automation of travel and other expenses