Apr 22

How CFOs are Ensuring On-Time Vendor Payments?

By Hemant Sarthak Business Process Outsourcing, Financial Services, Industries, 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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Apr 20

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Should You Be Outsourcing Your Accounts Payable?

By Hemant Sarthak Finance & Accounting, Financial Services

Accounts Payables or Trade Payables are a part of short-term liabilities which are to be paid within one year. It involves invoice processing and can be very mundane at times. Many companies, particularly those in developed countries like the US, choose to outsource their accounts payable. Read More

Apr 19

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Why CFOs are Outsourcing Accounts Payable?

By Hemant Sarthak Business Process Outsourcing, Financial Services

One way to modernize your business & accounts payable is to outsource some of the operations. Outsourcing has been a key term for companies, particularly in high compensation countries. Approximately Three Hundred Thousand positions are outsourced every year, in the USA only.
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Apr 12

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Accounts Payable Strong Supplier Relationships

How Accounts Payable Helps Maintain Strong Supplier Relationships

By Hemant Sarthak Finance & Accounting, Financial Services

In any business era, supplier relationships are of utmost importance. To maintain good supplier relationships, an organization must maintain its orders and payments accurate. An organization with it’s accounts payable in place, can play the right number game with its suppliers, and maintain healthy relationships. Hence, outsourced Accounts Payable has become a prevalent practice for many organizations. Read More

Dec 28

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finance and accounting BPO Outsourcing Market

How to Select a Finance and Accounting BPO

By admin Business Process Outsourcing, Finance & Accounting, Financial Services

From the early 1990s, the Finance and Accounting BPO market (Finance and Accounting outsourcing market) has been increasing. However, earlier, only the companies in the United States went to an F&A BPO company.
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Oct 14

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Bank Outsourcing Done Right with ARDEM

By admin Business Process Outsourcing, Finance & Accounting, Financial Services

Outsourcing services are an integral part of various industries due to the heavy repetitive workload and demand for efficient services. Banks and financial institutions face challenges in reducing overhead costs, increasing efficiency, and managing heavy minute operations on a global scale. Read More

Oct 04

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How Accounting is Improving with the Outsourcing of Accounts Payables

By admin Business Process Outsourcing, Financial Services

There is a constant drive to spend less time on time-consuming and routine tasks to allow more time for executing business strategies. As a result, accounting is evolving through the use of both automation technologies and outsourcing. Read More

Sep 07

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How Future of Accounts Payable Outsourcing Looks Like

By admin Financial and Accounting, Financial Services

Under the global industry perspective, there is accelerating adoption of accounts payable automation through outsourcing services. It will drive the growth of the global AP automation market in the years ahead. Read More

Sep 06

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How ARDEM AP Outsourcing Can Kickstart Your Accounts Payable Savings?

By admin Business Process Outsourcing, Financial and Accounting, Financial Services

In the quest for global value creation and higher performance, corporations always need to be on the lookout for waste reduction activities. To manage the processes efficiently, numerous options are available in the market with the latest technology and automation. To understand how these latest technologies can help your company and keep accounts payable at the core of efficiency, read on to learn more. Read More

Mar 09

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Discover a Faster Way to Identify Suspects in Accounts Payable Processing

By admin Business Process Outsourcing, Financial Services, Invoice Processing

A well-executed accounts payable process is a valuable asset to every organization. Faster clearance of invoices results in better cash flow management, improves vendor relations drastically and even results in you availing great deals/discounts due to timely payments.

However, while this level of efficiency is desired by all, in reality, most AP processes are subject to a large number of bottlenecks that often result in avoidable delays, late payments and penalties incurred for the same.