Accounts Receivable Outsourcing Services

Accounts Receivable Services to Help Businesses Receive Payments On-Time

Accounts Receivable Outsourcing Service involves hiring external Accounts Receivable Service providers to manage a company’s accounts receivable. Tasks such as invoicing customers, tracking customer payments received, and performing account receivable reconciliations are outsourced. Outsourcing accounts receivable services occurs at both small businesses and large organizations. Accounts Receivables Outsourcing results in faster invoice processing and improved cash flow with better tracking and management of outstanding invoices. Outsourced accounts receivable services can result in securing payments sooner, improving Days Sales Outstanding, and benefitting from expertise and technologies of the Accounts Receivable Services provider.

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

Outsourcing accounts receivable services involves the outsourcing of multiple accounts receivable tasks. Outsourcing accounts receivable to an accounts receivable service provider requires skilled accounts receivable team members. The current As-Is accounts receivable process across all the account receivable functions is mapped. Who is performing what accounts receivable service task and what are the upstream and downstream accounts receivable outsourcing workflow steps. What skill levels best match the Account Receivable functions being performed. What is the Account Receivable performance metric that needs to be established? What are the current controls in the Account Receivable workflow? Are there some Account Receivable tasks that could benefit from Account Receivable Automation?

Outsourcing only some functions in Accounts Receivable is simpler. Maintaining Customer Accounts, Generating Invoices, Posting Receipts, performing account reconciliation, and all other Account Receivable tasks get outsourced to ARDEM. We select the resource with the required skills and experience to work for you in that Account Receivable function. We manage the Account Receivable process to achieve your objectives. Accounts Receivable outsourcing services help you achieve improved cash flow for better business financial health.

Why Come to ARDEM for Your Account Receivable Outsourcing:

Our accounts receivable services are designed to improve your financial processes, improve cash flow, and reduce the administrative burden on your internal team. Here are the benefits you gain with us:

Cost Savings provided by the account receivable outsourcing company
Expertise of the account receivable service provider
Improves Cash Flow with better tracking and follow-up on receivables
Improved accuracy of account receivable transactions
Account Receivable Services can improve back-office efficiency
Better receivables management with accounts receivable outsourcing firms
Improved management and collections with outsourcing accounts receivable services
AR outsourcing as a tool for more effective accounting and financial operations

What are the Benefits of Account Receivable Outsourcing with ARDEM

You benefit from having a qualified and trained Account Receivable team on your assignment who will help you achieve your Account Receivable department objectives.
Outsourced Accounts Receivable Services ensure that your financial processes are handled expertly and efficiently, leading to improved cash flow and reduced operational costs.

Quick Set-up

We can put together a qualified team to work for you within 14 days.

Efficient Processing

We set up the process to handle all of your billing 100% on-time and assure quality.

Faster Payments

All Payments Are Made Electronically Through ACH/Wire For Efficient Payments

Scalability and Growth

With a large pool of qualified and trained analysts, we can quickly scale as you grow.

Control and Accuracy

Highly tested Quality Control methods to capture errors

What Account Receivable Tasks Are Outsourced:

Accounts receivable outsourcing service providers manage accounts receivable tasks including invoice processing, vendor Payment, and expense management. Accounts receivable outsourcing companies utilize qualified accounting analysts and process automation to improve performance in outsourced accounts receivable management.

Invoice Processing
Vendor Payments
Expense Management
PO and Non-PO Invoice Handling
Email Management
Reconciliation
Travel Expense Processing
Coding Invoices
Vendor Management

What are the Transition Steps in Outsourcing Your Accounts Receivable Process

Understand
We take the time during the due diligence phase to understand the intricacies of your processes.
Plan
We will develop a transition plan & timeline to fit your schedule & minimize risks.
Transition
Along with your SMEs we will train our teams by Shadowing, Reverse Shadowing and Parallel Perform.
Production
We will stabilize and streamline your processes.

Managing Your Account Receivable Schedules Efficiently

Account Receivable Outsourcing Improves Cash Flow and Account Receivable Aging

Let ARDEM Streamline your AR Process through Automation!

Outsourcing your Accounts Receivables yields immediate improvement to your results. Once the accounts receivable outsourcing transition is complete and is working smoothly we can proceed to the next stage of process improvement. This is through automating the accounts receivable workflow and the use of data capture if it is not already integrated into your process. By choosing to outsource accounts receivable, you can further improve the efficiency of your accounting department. Making Process Improvements to deliver higher quality in shorter cycle times to You.

By outsourcing accounts receivable services, you access specialized skills and technology for improved collection efforts and cash flow. Outsourcing accounts receivable management allows you to focus on core activities letting accounts receivable experts handle your receivables. Outsourcing accounts receivable collections significantly reduces your days sales outstanding (DSO) and improve your financial results.

Data Capture Platform

Transforming Efficiency

Invoices are scanned and run through OCR & ICR technology to create readable documents. Once they have been made searchable, it allows our ARDEM Data Capture platform to read and map specific fields of data. Accounts receivable outsourcing services, helps you streamline your financial operations and improve cash flow management. Outsource AR services to incorporate business process automation strategies to minimize manual input and errors. Outsourcing accounts receivables leads to faster and accurate data processing. AR outsourcing allows businesses to deploy advanced business process automation services. It ensures efficiency and consistency across all accounts receivable activities.

Accounts Receivable Automation

Improving Your Process Through Technology

ARDEM Automation ensures all fields of data are extracted swiftly and accurately in a fraction of the time it took to complete manually. Outsourcing accounts receivable services further improves this process.

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. Outsourced Accounts Receivable service providers comply with these security standards.

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. A SOC 2 Type 2 compliant provider for outsourced accounts receivable services ensures that your financial data is handled as per the required standards of security.

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. Complying with these protocols, outsourced accounts receivable service providers elps maintain the integrity and accuracy of your financial reporting.