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Finance & Accounting

Jul 15
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accounts payable outsourcing accounting

Why Accounts Payable Outsourcing is Important for a Growing Firm?

By Bookkeeping and Accounting, Finance & Accounting
Growing businesses need to establish good relationships with vendors and suppliers. Vendors may often use varying types of invoicing standards or procedures, creating difficulties for the in-house accounts payable department. Such inputs can create problems and lead to erroneous databases that can disrupt the entire workflow and often lead to delayed payments and lost accounts.
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Jul 12
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accounts payable outsourcing money save time blog

How to Save Time and Money with Accounts Payable Outsourcing?

By Bookkeeping and Accounting, Business Process Outsourcing, Finance & Accounting
Outsourcing accounts payable is when businesses hire a third-party service provider to manage their accounts payable process. This includes purchase order matching and entry, travel, and expenses, vendor management services, accounts payable invoice entry, credit card processing, check preparation, vendor maintenance services accounts payable payments disbursement. 
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Jun 24
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accounts payable outsourcing data entry

How To Outsource Your Accounts Payable Process

By Bookkeeping and Accounting, Business Process Outsourcing, Finance & Accounting
The Accounts Payable task is typically a long and tedious process involving extensive hours of redundant efforts to work through piles of paper-based invoices. According to Ardent Partners’ Accounts Payable Metrics that Matter in 2020, the top challenges holding Accounts Payable back are exceptions, lengthy invoice approval times, and too much paper. Read More

Jun 22
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automation insurance outsourcing data entry

How Automation Is Changing Insurance Data Entry

By Business Process Outsourcing, Data Entry Services, Finance & Accounting
The insurance industry seeks to deploy the benefits of automation to flourish its daily operations and build efficient models. The industry caters to numerous data sets, such as claims processing, new customer applications, and underwriting – to name a few. The insurance sector encompasses heavy volumes of data entries, making it vulnerable to errors. 
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Jun 10
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utility bill data financial descision outsourcing blog

How Smart Companies are Using Utility Bill Data in their Financial Decision Making

By Finance & Accounting, Utility Bill Processing
Streamlined and automated collection, validation, reporting, and payment results in optimized utility bill processes that can deliver better data quality and more transparency to accounts payable. Improved visibility into utility costs and consumption with automated utility bill processing helps companies evaluate and prioritize cost-saving initiatives. Utility managers in the companies can summarize and pivot utility bill data to identify cost reduction opportunities and make financial decisions.
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May 26
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Accounts payable outsourcing companies

Why Smart Companies are Outsourcing their Accounts Payable

By Business Process Outsourcing, Finance & Accounting
The corporate environment is getting a lot more competitive in this technological era. Companies are looking to outsource their business processes as a thriving solution to improve their services, lower costs, and stand apart from their peers. One of their most crucial business processes is accounts payable (AP), which includes approving invoices and bills for all payments. AP tasks are huge each day and makes it an arduous task. Read More

Apr 22
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Vendor Payments on time by CFOs

How CFOs are Ensuring On-Time Vendor Payments?

By Business Process Outsourcing, Finance & Accounting, Management
Business is about relationships. Before revenue, profits, top line, bottom line, organic growth, inorganic growth, or any other things; it is about relationships. No jargon can define business more simply. It is much costlier to acquire a new client than to retain an existing one. However, relationships do not go till clients only. It is on the supplier side as well. You simply can’t afford to lose a vendor whom you can trust. The relationship between a vendor is as important as that of clients.
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