May 25

outsourcing accounts payable processes blog

The Advantages of Outsourcing Accounts Payable Processes: A Cost-Effective Solution for Small Businesses.

By Hemant Sarthak Bookkeeping and Accounting, Business Process Outsourcing, Finance & Accounting, Financial Services

In today’s competitive business landscape, small businesses face numerous challenges in managing their financial processes effectively. One area that often demands significant time and resources is accounts payable. However, there is a game-changing solution that can revolutionize how small businesses handle their accounts payable processes—outsourcing.
Read More

May 17

Love0

accounts payable outsourcing services blog

In-house vs. Outsourced Accounts Payable: The Lean and Mean, Cost-Saving Solution for Businesses.

By Hemant Sarthak Bookkeeping and Accounting, Business Process Outsourcing, Finance & Accounting, Financial Services, Industries

Accounts payable is a critical component of any business operation. It involves managing outstanding financial obligations to suppliers and vendors, including invoices, bills, and payments. The accuracy and speed of the accounts payable process can significantly impact business performance and relationships with suppliers.
Read More

May 08

Love0

invoice processing outcourcing accounting blog

Invoice Processing Slowing Your Company’s Accounting?

By Hemant Sarthak Bookkeeping and Accounting, Business Process Outsourcing, Finance & Accounting, Financial Services, Industries, Invoice Processing

Invoice processing is crucial in a company’s accounting system as it impacts cash flow and financial reporting directly. Invoices must be processed and recorded accurately in a company’s accounting system to manage its accounts payable and draft accurate financial statements.
Read More

May 04

Love0

accounts payable outsourcing finance blog

7 Trends Shaping Accounts Payable in 2023.

By Hemant Sarthak Bookkeeping and Accounting, Business Process Outsourcing, Business Trends, Finance & Accounting, Financial Services

Accounts Payable trends transforming companies’ finances today. Businesses need to be ready for significant changes in the accounts payable industry. In 2023, technology improvements and upgrades are on the focus of companies across industries as technology continues to be a driver of growth for today’s successful businesses. Read More

Apr 18

Love0

Accounts Payable Finance Outsourcing Blog

Accounts Payable 2.0: What are The Needs of Accounts Payable Today?

By Hemant Sarthak Bookkeeping and Accounting, Finance & Accounting, Financial Services, Industries

Accounts payable (AP) is a critical function in any organization that involves managing its financial obligations and ensuring that all vendors and suppliers are paid accurately and on time. In today’s competitive business environment, the accounts payable department faces various challenges that necessitate new and innovative solutions.
Read More

Apr 17

Love0

Finance Accounts Payable Outsourcing Blog

Looking for an Accounts Payable Resource? Read On to Know More.

By Hemant Sarthak Bookkeeping and Accounting, Finance & Accounting, Financial Services, Industries, Invoice Processing

Outsourcing is considered a valuable strategy for most businesses irrespective of size. Accounting or accounts-related business processes, including Accounts Payable (AP) function, are among the most common areas where businesses choose to outsource.
Read More

Apr 14

Love0

accounts payable outsourcing finance treasury and procurment blog

How Accounts Payable is a supporting Pillar to Treasury and Procurement.

By Hemant Sarthak Bookkeeping and Accounting, Business Process Outsourcing, Document Processing, Finance & Accounting, Financial Services

Collaboration among Accounts Payable (AP), procurement, and treasury departments is inevitable for an organization’s financial management.
Read More

Apr 13

Love0

Accounts Payable Outsourcing Efficiency ARDEM Blog

Allow ARDEM To Manage Your Accounts Payable And Boost Efficiency.

By Hemant Sarthak Bookkeeping and Accounting, Business Process Outsourcing, Finance & Accounting, Financial Services

Accounts Payable function plays a crucial role in ensuring organizational financial well-being. It is widely acknowledged that manual AP processing leads to a slower process, lost documents, data inaccuracy, poor supplier relationships, and loss of benefits from vendors. Manual AP processing is not just costly but also exposes the cash flow to imminent risk. In fact, some research reveals that the average cost of single invoice processing manually is around $15. Surprisingly, it can be as high as $40 in some cases. Read More

Apr 05

Love0

Accounts Payable AP Processes Outsourcing Finance blog

Crucial Areas in AP Processes That Demands Human Intervention.

By Hemant Sarthak Bookkeeping and Accounting, Business Process Outsourcing, Finance & Accounting, Financial Services, Management

Accounts payable outsourcing can help companies to overcome many challenges, including manual data entry, invoice approval delays, errors or duplicate invoices, compliance issues, inefficient workflow, etc. Accounts payable outsourcing companies implement strategies to overcome such challenges, such as investing in automation.
Read More

Mar 23

Love0

cost savings outsourcing accounts payable blog

Maximizing Efficiency and Cost Savings: Outsourcing Accounts Payable for Mid-Tier to Large Firms.

By Hemant Sarthak Bookkeeping and Accounting, Business Process Outsourcing, Finance & Accounting, Financial Services, Invoice Processing

Maintaining relationships with many suppliers and vendors becomes complicated and time-consuming as mid-tier to large firms continue to grow and expand their operations. Accounts payable procedures may be extremely tedious when dealing with vendors having varying invoicing standards or methods.
Read More