Outsource Account Receivables

Cyprus accounting services offers an end-to-end solution designed totransform the operation of your Accounts Receivable process. Outsource Account ReceivablesFrom the availabledata throughthe posting of cash received, lets customers concentrate on their corebusiness, secure in the knowledge that the Accounts Receivable process is professionally, accurately and securely performed. Accounts Receivable function is vitally important to the cash flow of a business, and it does require an investment of time, talent, and resources in order for it to be effective. For some firms, a fully staffed in-house department is absolutely necessary. However, for a growing number of companies, outsourcing has become a valuable alternative.

Account receivables work flow

  • Receipt of Scanned billing information from the client and making AR entry by viewing the image
  • Quality Control and billing report to client
  • Approval or otherwise by client
  • Printing of sales invoice
  • Cash application to appropriate invoice
  • Quality Control and report to client

Benefits of outsourcing account receivables service

  • It eliminates the need to have an in-house account receivables department
  • The space and money that you spend on your in-house account receivables department can be utilized to improve other departments
  • Account receivables outsourcing is a great benefit to new companies that don't have adequate financing through a bank line of credit or other means.
  • No need to have a full time accountant
  • For small businesses Accountants are available on request
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