Outsource Accounts Payable Services

22

Years of
Experience

10+

Industry
Verticals

5000+

Experienced
Professionals

Trusted by 600+ Companies

Outsource Accounts Payable Process to the Expert

As a specialized accounts payable outsourcing services company, we have been successfully delivering customized accounts payable services that are suited to the specific needs of each business. This has honed our skills to a level where we can meet any of your particular needs with full competency.

Over the years, our AP business services have assisted companies execute tasks pertaining to free credits, payable days, purchase order mandates, and more with great degree of precision. Our focus on invoice mapping and reconciliation has helped us clear unpaid bills within deadlines and avoid getting penalized. In the process, we have been successful in keeping all your stakeholders happy and assisting you focus on all your mission-critical issues.

Core Aspects of Our Accounts Payable Services

Purchase Orders Processing

Requisition
Creation
Confirmation / Approval
Recording / Filing
Dispatch and Delivery
Closure

Matching Purchase Orders with Invoices

Two-Way Invoice Match
Three-Way Invoice Match
Four-Way Invoice Match

Standard Pricing Information Processing

Debit Memos Processing

Incremental Billings
Internal Offsets
Bank Transactions

Aging Report Preparation and Processing

Collection process management
Financial reliability analysis
Credit Risk Assessment
Invoice Factoring
Bad Debt estimation

Monthly Sales Tax Processing

Tax Returns
Comprehensive data-backed reporting
Notice Management and Remittance

Monthly AP Ledger Processing

Reconciliation of prior periods
Journal Entry reviewing
Additional Reconciliation Activities

Services We Offer:

No items found.

Purchase Orders Processing

Matching Purchase Orders with Invoices

Standard Pricing Information Processing

Debit Memos Processing

Aging Report Preparation and Processing

Monthly Sales Tax Processing

Monthly AP Ledger Processing

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The Invensis Advantage

Automated Systems

We implement automated systems and leverage other sophisticated software to spot and extract information from invoices. This minimizes chances of errors and human involvement and makes the overall process more efficient.

Focus on Growth

Our professionals have deep knowledge of business functions and can also be trained to take on greater responsibilities. You can, therefore, confidently do away with this task and focus exclusively on growth.

Unmatched Expertise

We offer expert professionals to you on a platter. Besides having in-depth knowledge of accounting principles, they have expert skills in MS Excel, purchase order processing, data entry etc.

Redesign Process

Our experienced professionals will assist you identify inconsistencies in your current process and redesign it for a smoother workflow. In the process, we will deliver additional benefits for long term process sustainability.

Improve Vendor Relations

Our focused accounts payable BPO services will ensure there are no missed due dates or non-payments. In the process we assist you build relationships that vendors would value and commit themselves to your needs.

Uptime and Accountability

Accountability is the cornerstone of our business. Our work culture is set to meet client expectations and empower employees to take ownership of their work and be accountable to all service expectations.

Invensis - The Most Trusted Accounts Payable Outsourcing Provider

We have, over the years, built a comprehensive list of accounts payable outsourcing services across industry verticals. Our commitment to accuracy and completeness in managing the accounts payable process has helped us grow our AP business by leaps and bounds. As a specialized accounts payable outsourcing company, we guarantee you services that will ensure your financial statement and cash position is healthy and transparent.

22

Years of
Experience

10+

Industry
Verticals

5000+

Experienced
Professionals

Benefits of Accounts Payable Outsourcing Services

There are a number of potential benefits to accounts payable outsourcing.

Some of the salient ones include:

Cost Savings
Accounts payable outsourcing services can be more cost-effective than maintaining an in-house AP department, as you can save on employee-related expenses such as salaries, benefits, and training.
Improved Efficiency
Accounts payable outsourcing companies often have specialized software and trained staff, which can lead to faster and more accurate invoice processing and payment.
Increased Focus on Core Business
AP business services can allow you to redirect resources and focus on your core business functions.
Improved Cash Flow
Accounts payable solutions companies can help to improve cash flow, as invoices can be processed and payments made more quickly.
Better Supplier Relationships
Working with an accounts payable services company can help to improve communication and relationships with suppliers, as they can receive prompt and accurate payment.
Increased Security
AP business services companies often have robust security measures in place to protect sensitive financial information.
Scalability
Accounts payable solutions companies provide scalable solutions, so you can easily increase or decrease the level of support as needed.

Trends in Accounts Payable

Accounts payable service is evolving as fast as technology. In recent times evolving technology has caused AP service to undergo a sea change.

Given below are a number of trends in accounts payable (AP) services:

Automation
Many AP departments are implementing automation to streamline and speed up the invoice processing and payment process.
Electronic Invoicing
More and more companies are moving to electronic invoicing, which can reduce the risk of errors and improve the efficiency of the AP process.
Early Payment Discounts
Some companies are offering early payment discounts to suppliers in order to improve cash flow and build relationships with suppliers.
Supplier Portal
Many companies are implementing supplier portals, which allow suppliers to track the status of their invoices and make inquiries online.
Integrated Systems
Some companies are integrating their AP systems with other financial systems, such as enterprise resource planning (ERP) systems, to improve the accuracy and efficiency of the AP process.
Data Analytics
AP departments are using data analytics to identify trends and inefficiencies in the AP process, and to make informed decisions about supplier relationships and payment strategies.

What Our Customers Say

Invensis' auditing and taxation services assisted us in effecting significant changes in the business's focus and nature. They have always provided us with a comprehensive and top-rated service, allowing us to meet deadlines internally and externally.

Norman Will

Leading Financial Institution in US

Invensis has helped us obtain business-critical data on our Accounts Receivable processes. This helped us make good cash flow decisions, motivate our teams, and maintain our focus on profit maximization.

Elijah Miller

Leading Telecommunications Company in UK

Invensis has been an outstanding business partner for over four years. Our Accounts Payable workflow has generated daily volumes of invoices to be processed, and Outsourced Bookkeeping handles the volume precisely. As a result, it's fantastic to arrive at work every day without any backlog.

Patrick Smith

Leading Customs Brokerage Company in UK

Common Payroll Mistakes to Avoid for US Businesses

Contact Information

You can reach us at:

+1 (302)-261-9036

sales@invensis.net

Invensis Inc.1000 N West Street, Suite 1200,
DE 19801 USA

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Accounts Payable Services

22

10+

5000+

Outsource Accounts Payable Process to the Expert