Accounts Payable Outsourcing Services for Established Companies
Accounts Payable Outsourcing Services to Help You Lower Your Costs and Pay Your Bills On Time.
How To Outsource Your Entire Accounts Payable Department or Just Add to Your Accounts Payable Team?
Outsourcing Your complete Accounts Payable Department involves the outsourcing of multiple Accounts Payable tasks and the need for Accounts Payable team members with different skill sets. The current As-Is process across all the Account Payable functions is mapped. Who is performing what Accounts Payable task, what are the upstream and downstream workflow steps are understood. What skill levels best match the Account Payable functions being performed. What is the Account Payable metrics that need to be established? What are the current controls in the Account Payable workflow? Are there some Account Payable tasks that could benefit from Account Payable Automation?
Outsourcing only some functions in Accounts Payable is simpler. Entering PO, non-PO invoices, Email Management, Reconciliation, Travel Expense Processing, Coding Invoices, Vendor Management, and all other Account Payable tasks get outsourced to GITHUB. We select the resource with the required skills and experience to work for you in that Account Payable function. We manage the Account Payable process to achieve your objectives.
When adding to your Account Payable team are you only looking for a qualified Account Payable Analyst? Someone reliable who can process the account payable transactions and becomes part of your team. A Remote GITHUB Account Payable Analyst would meet your needs.
Or are you looking for more from an Account Payable company? In outsourcing accounts payable services, you also want the management of the account payable process from vendor bill receipt to payment of bills.
Managed Account Payable Services include:
- Receipt of Invoice from the Vendor
- Capture of Data from the Vendor Invoices
- Expediting Approvals in the Account Payable Process
- Tracking Aging of Invoices in Accounts Payable
- Helping Resolve Exceptions in Accounts Payable
- Avoiding Duplicate Payments in Accounts Payable
- On-Time Vendor Payments in Account Payable
Why Do Companies come to GITHUB for Accounts Payable:
Accounts Payable (AP) Services provided by an Account Payable Service Provider involve the payment of suppliers and vendors for goods and services purchased by a company. Account Payable Services include the timely processing of incoming bills and invoices, and verification of vendor invoices against purchase orders and receipts. Account Payable Outsourcing Services are needed for:
- Vendor Management and to get Vendors Paid On-Time
- To eliminate Supply Chain disruptions because of Missed or Delayed Payments
- For Utility Bill Payment Management
- To take ownership of Exception Invoices and bring them to timely resolution
- Account Payable Invoice Processing Best Practices
- The complete Outsourcing and Management of The Accounts Payable Process
- The ability to add qualified Account Payable Analysts to current in-house team
- The outsourcing of a high daily volume of Accounts Payable transactions
- Account Payable Automation Best Practices
- To benefit from use of Automation and other Technologies in Accounts Payable Processing.
- Incoming bills and invoices
- Verifying invoices against purchase orders
- Ensuring goods or services were received before issuing payment to vendors
- Recording short-term debts in the general ledger
- Internally controlling and managing petty cash
- Conveying reimbursement payments
- Controlling the dispersion of sales tax exemption endorsements
What Accounts Payable Tasks Are Outsourced:
Account Payable Outsourcing Service Providers manage Account Payable Tasks including Invoice Processing and Payment
- Identify PO and non-PO Invoices
- Charge Code the Invoices
- Match Invoices to POs and Receipts
- Enter Invoices into Accounting System
- Process Travel and Expense Charges
- Communicate with Vendors
- Reconcile Vendor Statements
- Assist with Month-End Closing
- Monitor Account Payable Aging Report
- Post Invoices, in accounting system
- Process Vendor Payments
- Apply Manual Payments
- Resolve Vendor Invoice Discrepancies
- Assist in Account Payable Approvals Management
What are the Benefits of Outsourcing Accounts Payable With GITHUB
You benefit from having a qualified and trained Account Payable team on your assignment who will help you achieve your Account Payable department objectives.
Quick Set-up of Your Account Payable Team
We will assemble your Account Payable team quickly. They will be trained on your Account Payable system. They can begin working as your Account Payable team shortly, bringing in the results that you expect.
Efficient Processing of Account Payable Tasks
Your Account Payable process is set up so that every invoice that comes in is acted upon the same day. Exception Invoices requiring further action are tracked to ensure quick resolution. Your team takes on the ownership of every invoice from receipt to payment. Use of GITHUB Cloud Platforms bring Technology for further business process improvement.
On-Time Vendor Payments
Your Account Payable team processes the vendor invoices and can also help you make the payments to your vendors via Bank ACH/Wire.
Scaling and Growing Your Account Payable Team
As your business grows and your need for Account Payable services grows we can add qualified and trained Account Payable resources to your team. Short term volume peaks can be handled by use of available qualified team members who are on the bench.
Accuracy in Accounts Payable
Peer to Peer quality checking of Account Payable transactions as well as the use of random sample checking of transactions ensures that Account Payable process is robust and accurate.
Accounting Systems We Are Experts In
Can I Use My Current Account Payable System?
Yes. The GITHUB Account Payable Services team will Work in Your System
Your Account Payable team members are trained in most of the commonly used Account Payable systems. Very often they also have experience of working in these systems. They are all college educated with accounting degrees and you benefit from their experience in Accounts Payable.
Every Accounts Payable Outsourcing assignment begins with training of the team members on your specific accounting system, and your specific work processes. Thereafter the GITHUB team leads ensure that your Account Payable team members are performing the outsourced Accounts Payable tasks as per your requirements and are meeting and exceeding your expectations.
Managed Accounts Payable Services
Improve Your Accounts Payable Management with GITHUB Invoice Manager
GITHUB Invoice Manager is a hosted cloud platform used for approval routing, tracking and processing of vendor invoices. It utilizes Capture, Machine Learning and Artificial Intelligence technologies for Invoice Processing and for the Management of the Account Payable process. Account Payable Spend Data can be further utilized for Predictive Analysis.
How Do You Automate Your Account Payable Process
ARDEM Invoice Manager is a Cloud platform which utilizes Capture, Machine Learning, Artificial Intelligence and Process Automation technologies for Capture of data from Vendor Invoices, Account Payable Approval and Account Payable Process Management. Daily count of incoming vendor invoices is tracked. Vendor Invoice processing cycle times are tracked. The Account Payable platform is configured to manage exception workflow and assure that your vendors get paid on time.
Using Data Capture for Accounts Payable
Digital Transformation of Accounts Payable Process
Data Capture technologies of Optical Character Recognition (OCR) and Intelligent Character Recognition (ICR) are utilized to read and extract data from vendor invoices. The GITHUB Invoice Manager platform is configured to provide Data output files via API transfers, Dashboards to view Spend Data and Reports with actionable data that can be used for Analysis.
Improving Accounts Payable Management
Better Account Payable Management with Automation
GITHUB Invoice Manager provides a window into the daily Account Payable processing. How many vendor invoices received, processed and flagged as exceptions. What is Aging of the vendor invoices, what are Reason codes needing resolution, which invoices are missing charge codes etc., all such account payable tasks are tracked on the GITHUB platform.
GITHUB Data Compliance
ISO 27001
(PCI DSS 3.2.1)
ISO 27001 (formally known as ISO/IEC 27001:2005) is a specification for an information security management system (ISMS). An ISMS is a framework of policies and procedures that includes all legal, physical, and technical controls involved in an organization’s information risk management processes.
SOC 2 Type 2
AWS Secure Cloud Utilization
A SOC 2 Type 2 report is an internal control report capturing how a company safeguards customer data and how well those controls are operating. These reports are issued by independent third-party auditors covering the principles of Security, Availability, Confidentiality, and Privacy.
SOX Compliance
Sarbanes–Oxley Financial Compliance
SOX Compliance mandates strict reforms to improve financial disclosures from corporations and prevent accounting fraud. We support issues such as auditor independence, corporate governance, internal control assessment, and enhanced financial disclosure based on your SOX Compliance Protocols.
