Accounts Payable Outsourcing Services for Established Companies

Accounts Payable Outsourcing Services to Help You Lower Your Costs and Pay Your Bills On Time.

How To Outsource Your Entire Accounts Payable Department or Just Add to Your Accounts Payable Team?

Outsourcing Your complete Accounts Payable Department involves the outsourcing of multiple Accounts Payable tasks and the need for Accounts Payable team members with different skill sets. The current As-Is process across all the Account Payable functions is mapped. Who is performing what Accounts Payable task, what are the upstream and downstream workflow steps are understood. What skill levels best match the Account Payable functions being performed. What is the Account Payable metrics that need to be established? What are the current controls in the Account Payable workflow? Are there some Account Payable tasks that could benefit from Account Payable Automation

Outsourcing only some functions in Accounts Payable is simpler. Entering PO, non-PO invoices, Email Management, Reconciliation, Travel Expense Processing, Coding Invoices, Vendor Management, and all other Account Payable tasks get outsourced to ARDEM. We select the resource with the required skills and experience to work for you in that Account Payable function. We manage the Account Payable process to achieve your objectives.

Why Do Companies come to ARDEM for Accounts Payable:

  • For Vendor Management and to get Vendors Paid On-Time 
  • To eliminate Supply Chain disruptions because of Missed or Delayed Payments  
  • For Utility Bill Payment Management
  • To take ownership of Exception Invoices and bring them to timely resolution  
  • For the complete Outsourcing and Management of The Accounts Payable Process 
  • For the ability to add qualified Account Payable Analysts to current in-house team  
  • To add Best Practice Accounts Payable Management Experience to existing process  
  • For the outsourcing of a high daily volume of Accounts Payable transactions  
  • For 20+ years track record of delivering high Accuracy Outsourcing Services  
  • To benefit from use of Automation and other Technologies in Accounts Payable Processing.

What Accounts Payable Tasks Are Outsourced: 

What Account Payable Tasks are performed by the Account Payable Services Team  

  • Identify PO and non-PO Invoices 
  • Charge Code the Invoices 
  • Match Invoices to POs and Receipts 
  • Enter Invoices into Accounting System 
  • Process Travel and Expense Charges 
  • Communicate with Vendors 
  • Reconcile Vendor Statements 
  • Assist with Month-End Closing 
  • Monitor Account Payable Aging Report 
  • Post Invoices, in accounting system 
  • Process Vendor Payments 
  • Apply Manual Payments 
  • Resolve Vendor Invoice Discrepancies 
  • Assist in Account Payable Approvals Management 

What are the Benefits of Outsourcing Accounts Payable With ARDEM

You benefit from having a qualified and trained Account Payable team on your assignment who will help you achieve your Account Payable department objectives.

Quick Set-up of Your Account Payable Team

We will assemble your Account Payable team quickly. They will be trained on your Account Payable system. They can begin working as your Account Payable team shortly, bringing in the results that you expect.

Efficient Processing of Account Payable Tasks

Your Account Payable process is set up so that every invoice that comes in is acted upon the same day. Exception Invoices requiring further action are tracked to ensure quick resolution. Your team takes on the ownership of every invoice from receipt to payment. Use of ARDEM Cloud Platforms bring Technology for further business process improvement.

On-Time Vendor Payments

Your Account Payable team processes the vendor invoices and can also help you make the payments to your vendors via Bank ACH/Wire.

Scaling and Growing Your Account Payable Team

As your business grows and your need for Account Payable services grows we can add qualified and trained Account Payable resources to your team. Short term volume peaks can be handled by use of available qualified team members who are on the bench.

Accuracy in Accounts Payable

Peer to Peer quality checking of Account Payable transactions as well as the use of random sample checking of transactions ensures that Account Payable process is robust and accurate.

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Accounting Systems We Are Experts In

Can I Use My Current Account Payable System?

Yes. The ARDEM Account Payable Services team will Work in Your System

Your Account Payable team members are trained in most of the commonly used Account Payable systems. Very often they also have experience of working in these systems. They are all college educated with accounting degrees and you benefit from their experience in Accounts Payable.

Every Accounts Payable Outsourcing assignment begins with training of the team members on your specific accounting system, and your specific work processes. Thereafter the ARDEM team leads ensure that your Account Payable team members are performing the outsourced Accounts Payable tasks as per your requirements and are meeting and exceeding your expectations.

accounts payable outsourcing services

Daily Accounts Payable Department Tasks That You Can Outsource

For Efficient Invoice Processing

Improve your accounts payable process with these 19 essential tasks for accurate and efficient invoice processing.

Daily Accounts Payable Department Tasks That You Can Outsource

What are The Transition Steps in Outsourcing Your Account Payable Process

  • Idea Bulb

    Understand The As-Is Account Payable Process

    What is your current Account Payable Process? How automated is your Accounts Payable Process? What is your current AP team size? What Account Payable application do you use? What is Account Payable Approval workflow?

  • Plan To do

    Plan for Outsourcing Accounts Payable Process

    What is your desired timeline for Outsourcing your Accounts Payable tasks? How will vendor invoices be received by ARDEM? Does ARDEM work on our Account Payable platform, or do we work in your AP system?

  • Transition

    How Do we Implement The Outsourced Accounts Payable Process

    We learn your Account Payable Process through your Account Payable experts by shadowing, reverse shadowing and parallel perform. To prepare for the outsourcing of your business process we utilize your training videos and work instructions to create Account Payable process training aids. We train your AP team members as needed, in the Account Payable application.

  • Production Factory

    Now we are Ready to Start Account Payable Processing for You

    Your Account Payable team has been selected from the best talent. Your team is trained in your AP Process. The Workspaces are created. The credentials set. The daily Accounts Payable Team Performance targets are set. Your Accounts payable team is ready to start performing your daily Accounts Payable tasks.

How Can You Automate your Accounts Payable Process

Improve Your Accounts Payable Management with ARDEM Invoice Manager

ARDEM Invoice Manager is a hosted cloud platform used for approval routing, tracking and processing of vendor invoices. It utilizes Capture, Machine Learning and Artificial Intelligence technologies for Invoice Processing and for the Management of the Account Payable process. Account Payable Spend Data can be further utilized for Predictive Analysis.

How Do You Automate Your Account Payable Process

ARDEM Invoice Manager is a Cloud platform which utilizes Capture, Machine Learning, Artificial Intelligence and Process Automation technologies for Capture of data from Vendor Invoices, Account Payable Approval and Account Payable Process Management. Daily count of incoming vendor invoices is tracked. Vendor Invoice processing cycle times are tracked. The Account Payable platform is configured to manage exception workflow and assure that your vendors get paid on time.

Using Data Capture for Accounts Payable

Digital Transformation of Accounts Payable Process

Data Capture technologies of Optical Character Recognition (OCR) and Intelligent Character Recognition (ICR) are utilized to read and extract data from vendor invoices. The ARDEM Invoice Manager platform is configured to provide Data output files via API transfers, Dashboards to view Spend Data and Reports with actionable data that can be used for Analysis.

Improving Accounts Payable Management

Better Account Payable Management with Automation

ARDEM Invoice Manager provides a window into the daily Account Payable processing. How many vendor invoices received, processed and flagged as exceptions. What is Aging of the vendor invoices, what are Reason codes needing resolution, which invoices are missing charge codes etc., all such account payable tasks are tracked on the ARDEM platform.

ARDEM Compliance

ISO 27001

(PCI DSS 3.2.1)

ISO 27001 (formally known as ISO/IEC 27001:2005) is a specification for an information security management system (ISMS). An ISMS is a framework of policies and procedures that includes all legal, physical, and technical controls involved in an organization’s information risk management processes.

SOC 2 Type 2

AWS Secure Cloud Utilization

SOC 2 Type 2 report is an internal control report capturing how a company safeguards customer data and how well those controls are operating. These reports are issued by independent third-party auditors covering the principles of Security, Availability, Confidentiality, and Privacy.

SOX Compliance

Sarbanes–Oxley Financial Compliance

SOX Compliance mandates strict reforms to improve financial disclosures from corporations and prevent accounting fraud. We support issues such as auditor independence, corporate governance, internal control assessment, and enhanced financial disclosure based on your SOX Compliance Protocols.

ARDEM Resources

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Case Studies to help your understand ARDEM Outsourcing.

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888-359-2679      pricing@ardem.com

: ARDEM Incorporated | 124 Hillsborough Rd | Hillsborough, NJ 08844

Accounts Payable Outsourcing Services

ARDEM builds accounts payable solutions to help our clients reduce costs. Using automation technologies and qualified analysts we deliver high quality data on time.

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