Apr 17

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.
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Mar 23

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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.
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Jan 31

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Accounts Payable Outsourcing Finance Automation Blog

How Accounts Payable Automation and Efficient Outsourcing can Save the Day.

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

The accounts payable process comprises one of the most critical tasks of an organization that require complete accuracy and efficiency. Many businesses are currently facing challenges in their accounts payable processes.
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Dec 16

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accounts payable outsourcing reputation management blog

Perfect Accounts Payable for Reputation Management.

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

Accounts Payable automation technology helps a business centralize its accounts payable for enhanced efficiency and accuracy. A company can be more effective when processing invoices, quotes, and sales orders when its accounts payable are organized and efficiently managed. Read More

Sep 28

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Invoice Processing Outsourcing Automation Blog

How are Businesses bringing Automation in Invoice Processing?

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

Businesses that want to thrive beyond minimal survival need to be flexible and adapt to technological changes. Businesses are becoming ambitious to incorporate automation into various business processes. Automation in Invoice Processing is one of the main drivers of technological adaptability for a business.
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Sep 08

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Small Business Accounting Accounts Payable Outsourcing Blog

How Can Outsourcing Accounting & Finance Function Help Small Businesses?

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

Every type of organization, from the smallest start-up to the largest corporation, depends on accounting and finance. However, a common problem small businesses face is having the resources or knowledge required to manage their finances.
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Aug 29

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Why is Accounts Payable Outsourcing Important for a Growing Firm?

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

In today’s competitive business environment, companies have different responsibilities that they have to meet to stay ahead.

Growing firms face challenges when it comes to accounts payable management. They face time-consuming tasks, high costs, and risks associated with manual processing. 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.

Feb 19

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Discover the true cost of invoice exceptions.

Discover the True Cost of Processing Invoice Exceptions

By admin Business Process Outsourcing, Invoice Processing

While the word exception indicates a rare occurrence, nothing could be further from the truth as most companies struggle to reconcile discrepancies, mismatched or missing POs, invoice errors and more for supply chain efficiency.

Dec 31

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Why You Need More than OCR for Effective Invoice Capture

By admin Business Process Outsourcing, Invoice Processing

OCR-backed invoice capture is being touted as a game-changer in invoice processing, accelerating data collection for faster approval and payment cycles.

However, while automated OCR or optical character recognition has brought about a revolution in the standard invoice management process, it’s not enough on its own to carry out a successful accounts payable operation.