Accounts Payable Outsourcing

Most finance organizations spend a large part of their Finance budget on processing Accounts Payable. This is due to the largely manual effort required to enter invoices into the accounting system and, if applicable, match those invoices to purchase orders and receipts. Yet while Accounts Payable is critical to ensure that authorized invoices are paid accurately, it is often not managed to world-class standards due to the time and expense required to implement best practices.

From invoice receipt, through approval and matching, to exception processing, disbursement and vendor relations, we cover the entire A/P process from beginning to end for our clients

Benefits

25% to 50% annual A/P processing cost savings without capital investment

Greater, centralized control over payables across the enterprise, irrespective of physical location

World-class quality and accuracy from Consultants ‘R’ Us, ensuring accurate matching to PO’s and receipts and elimination of duplicate and erroneous payments

Real-time tracking and reporting of all payables from the time they are received from the vendor through disbursement, for client employees and their vendors

Reporting of A/P matching exceptions by vendor and exception type for improved procurement and vendor relations

Automated routing of payables for approval by business unit managers irrespective of location, enhancing control and manager productivity

Elimination of the headache of recruiting, hiring and managing clerical staff

The ability to focus on strategic, pertinent finance issues instead of non-value added activities such as A/P



Accounts Receivable Outsourcing

Accounts receivable service is crucial to the business relations and it's bottom-line. Accounts receivable process outlines

Information management
Customer relationship management


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Accounts receivable involves the following process

Creating and/or processing Receivable invoice.
Collections & Debt management in conjunction with pre-planned cash flow projections.


Consultants ‘R’ Us offers a unique end-to-end solution designed to transform the operation of your Accounts Receivable process. From the point invoice data is available, through the posting of cash received, the Consultants ‘R’ Us solution lets customers concentrate on their core business, secure in the knowledge that the Accounts Receivable process is professionally, accurately and securely performed.

Benefits: Reduce processing costs by up to 70%.
Strategically located operations centers.
Over 18 years experience in scanning Purchase Orders and PODs.
Over 20 years experience in invoice and statement creation and printing.
Consolidated print, mail and electronic delivery of AR documentation from one source.
Allow multiple users immediate access to document images, saving time.
Universal repository for all customer service required documentation.
Internet retrieval of documents and data is made simple with 24 x 7 availability through a common Web browser.
Formal quality improvement programs such as TQM for continuous improvement.
Unparalleled focus on security and accuracy.