Outsource Account Payables

Account payables service is an accounting transaction of current liability Outsource Account Payableson sound cash flow management demands keeping a sharp eye on accounts payables and expenses. Cyprus accounting services take complete control of your accounts payable function and reduce your costs, speed month end close and ultimately increase your bottom line. Cyprus accounting services fully integrated solution allows customers to outsource all or part of their accounts payable business functions.

Account payables work flow

  • Receipt of Scanned Invoices and AP related documents from client by Cyprus accounting
  • Indexing the document as per document type by viewing the system
  • AP entry by viewing the image.
  • Quality Control & Exception Management.
  • Approval by the client
  • Authorization for Payment or otherwise by client

Benefits of outsourcing account payables

  • The key benefit of outsourcing is cost reduction. Outsourcing helps you to reduce the cost incurred on operating an account payables department and also helps to reduce the operating cost
  • Helps you to keep a track of your account payables for a very nominal fee
  • Tracking and reporting of all payables from the time they are received from the vendor through disbursement, for client employees and their vendors.
  • Helps to Improve vendor relationship
  • Helps to focus on strategic, pertinent finance issues instead of non-value added activities such as A/P.
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