AP Management

Our accounts payable management solutions are flexible, cost-effective, and quick which help our clients in managing excellent relationships with their vendors. The process of payables management involves getting into a colossal amount of detail so that we enter only accurate and legitimate amounts in the accounting system.

We help our clients in various areas including the following:

• Creating purchase orders (‘PO’)
• Approving vendor invoices after verifying and reconciling the purchase orders and receipts of goods/services.
• Processing and payment of vendor invoices
• Maintaining accounts payable records
• Preparing account statements of vendors
• Reconciling accounting statements of vendors with clients’ books.
• An assessment of purchasing trends relating to the history of purchase and price of the supplier.
• Providing purchase summaries (by segments, age, etc)
• Preparing debit or credit notes wherever required
• Recommending early pay of vendor invoices wherein cash discounts are available for early payment.
• Resolving open issues via follow-up of alerts or escalations