The process of Accounts Payable management is one of the most vital tasks for businesses to access crucial information in quick time. Failing to execute this task effectively will lead to generating improper cash saving policies, disturb your vendor relationships, and ultimately reduce your overall business profits. We at MAX BPO, who are one of the leading F&A outsourcing service provider companies, are immensely experienced in delivering effective and efficient accounts payable outsourcing services.
Our team has an in-depth understanding of the needs of customers across various industries, in addition to this immense experience, we have developed our services based on our understanding. Our accounts payable processing services are affordable, flexible, dependable and quick to implement and have been designed and developed through the combination of many technologies. Our accounts payable services are of significant quality and unique in their own way.
Our Accounts Payable Services include:
- Posts customer payments by recording cash, checks, and credit card transactions.
- Posts revenues by verifying and entering transactions form lock box and local deposits.
- Updates receivables by totaling unpaid invoices.
- Maintains records by microfilming invoices, debits, and credits.
- Verifies validity of account discrepancies by obtaining and investigating information from sales, trade promotions, customer service departments, and from customers;
- Resolves valid or authorized deductions by entering adjusting entries.
- Resolves invalid or unauthorized deductions by following pending deductions procedures.
- Resolves collections by examining customer payment plans, payment history, credit line; coordinating contact with collections department.
- Summarizes receivables by maintaining invoice accounts; coordinating monthly transfer to accounts receivable account; verifying totals; preparing report.
- Protects organization's value by keeping information confidential.
- Updates job knowledge by participating in educational opportunities.
- Accomplishes accounting and organization mission by completing related results as needed.
Why Outsource Accounts Payable Services to MAX BPO?
- Partnering with MAX BPO will help you to reduce the processing costs for your accounts payable process substantially. Our team will provide you access to multiple documents reducing your audit costs.
- We at MAX BPO will assist our customers by mainstreaming of the function for QuickBooks Accounts Payable. We will digitize all paper invoices so that you gain quicker access, resolve disputes, and streamline audits.
- We at MAX BPO strictly adhere to industry best practices, while effectively and accurately providing services to our customers. We, being an ISO 27001:2013 and ISO 9001:2015 certified company; we provide high security and confidentiality to your data
Advantages of Outsourcing Accounts Payable Services to MAX BPO:
- We ensure that your invoices will be paid before the due date
- We provide you with monthly, quarterly and annual reports
- Our trained experts will help you view the co-relations between cheques issued & invoices that have received payment
- MAX BPO will help you leverage accounts payable expertise at an affordable cost
- We provide 24x7 secure web access to our customers, ensuring them complete financial control