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.
Partner with ARDEM
See How Satisfied Our Clients Are
“You guys Rock!! Thank you for your immediate attention on this project!”
SVP Finance
“I am really impressed to see the pending invoices count, it’s decreasing and I am happy that everything looks really good.“
Certified Public Accountant
“You guys doing a very good job and I don’t have any concerns.”
Controller
“Everything has been great, and I especially appreciate how timely you are on responses.”
Dir. Operations
“We are happy with the turnaround time and service.”
Lead Council
“I think it’s been going really well and the assist is much appreciated from the team, especially with their properties. Been a big help so thank you.”
AP/AR Manager
“Thank you guys for continuing to do a good job for us. We really appreciate it.
I’m really pleased by all the things that you guys have taken on, including
taking on board the UK that’s going really well. So we really appreciate it.“
Global Controller
“The team is amazing and I can’t see any issue with the processing you are handling everything very well.”
AP Manager
“It has been fantastic working with ADREM. With each project we give them, they continuously prove that they are worth our business. They can always be trusted for a well executed, professional, and speedy experience.”
Alvin Ailey
“ARDEM provides an easy way to scale up or down based on volumes. There is no way we can keep up with the higher volumes, so the team has kept us up to date.”
MiMedx
“If you’re out of time and resources to get a critical project done call ARDEM! They’re quick to understand your goal and equally as quick to get it done and done right!”
Chemtrade Logistics
“I have been working with Ardem for a few years – they are always responsive, professional and go the extra mile”
Principis Capital
“I have had a very positive experience working with ARDEM. Everyone on the team is easy to communicate with and very adaptable to what we need. If there is ever a mistake made, they take the time to understand why it happened, and correct it going forward. Very impressed with their work so far!”
MRC Media
“A client begged us to get data form them same-day to meet an audit deadline. After jumping through a million registration hoops, we got them connect. [ARDEM] not only GOT to the account before I had a chance to…but then added TONS of history and ALSO for each datapoint aggregated usage, supply, delivery, etc. for two separate meters.”
WegoWise
“We have worked with ARDEM for about 10 years. They provide excellent customer service and accurate data entry. Thank you!”
NRC
“Open communication in a timely fashion. Excellent customer service.”
Clark Country, Nevada
“We are very pleased with the professionalism and attentiveness of the ARDEM employees.”
Uppababy
“Very helpful, collaborative and clear communicators.”
New York Canals
“They are available whenever we need them even in short notice. So professional and efficient. It has been a pleasure working with ARDEM over the past few years.”
On Campus Market
“They are always professional and very easy to work with. Responding quickly and efficiently.”
Montgomery Township School District
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.
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.
What are The Transition Steps in Outsourcing Your Account Payable Process
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 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?
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.
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
A 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’s Satisfied Partners
: 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.
