Accounts Receivable & Payable Outsourcing Services
Keep complete control over accounts receivable and payable to enjoy a reliable cash flow.
Our managed accounts receivable outsourcing and accounts payable outsourcing services aid in improving profitability. Our team defines a meticulous approach to defining the strategic functioning of businesses and automating the cycle of AR and AP at a certain level using the best tools. Accounts receivable outsourcing will help you keep accurate records of received checks, deposits, and account balances.
Benefits of Advinance
Why outsource accounts receivable and payable services to Advinance?
Our managed accounts receivable outsourcing and accounts payable outsourcing services aid in improving profitability. Our team defines a meticulous approach to defining the strategic functioning of businesses and automating the cycle of AR and AP at a certain level using the best tools.
Accounts receivable outsourcing will help you keep accurate records of received checks, deposits, and account balances. The team will also analyze and verify the bills, invoices, customer statements, debit memos, overdue debts, and more to make a 100% accurate and traceable process of account receivables.
Accounts payable outsourcing will help streamline invoice management and implement a painstaking course of invoice checking and verification before processing. The team will also help in rectifying major concerns related to unauthorized or unallied budgets for certain purchase orders, mismatched bills, and other computational errors at the billing level to keep your vendor billing processing system highly accurate and the accounts payable process completely reliable.
Accounts receivable outsourcing will help you keep accurate records of received checks, deposits, and account balances. The team will also analyze and verify the bills, invoices, customer statements, debit memos, overdue debts, and more to make a 100% accurate and traceable process of account receivables.
Accounts payable outsourcing will help streamline invoice management and implement a painstaking course of invoice checking and verification before processing. The team will also help in rectifying major concerns related to unauthorized or unallied budgets for certain purchase orders, mismatched bills, and other computational errors at the billing level to keep your vendor billing processing system highly accurate and the accounts payable process completely reliable.
Intensify collection
Get paid on time with meticulous accounts and payment verification.
Improve Relationship
Manage accounts payable process and strengthen vendor relations.
Save Costs
Save funds on hiring an internal team by using offshore AR & AP services.
Book A Free Trail
We offer you 15 hours of complimentary accounting work. You can book a no-cost session simply by booking a free trail by clicking the button
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Services we deliver
Advinance offers expert Accounts Receivable and Payable outsourcing services to help businesses manage vendors, customers, and cash flow efficiently. With advanced systems and constant tracking, we ensure smooth financial operations and strong business relationships.
Scope of Accounts Receivable Outsourcing Services
- Invoice creations as per the products/service delivery and Estimates
- Invoice update onto the systems
- Accounts receivable details update on time
- Regular corresponding for receivables collection
- Accounts receivables ledger update on receipts
- Updating advances received, besides receipts against credit sales, etc.
- Dealing with incomplete payments by raising appropriate queries
- Preparation of account statements and updating clients for reconciliation
- Updating clients/touch points for differences in the reconciliation of records in account statements.
- Various accounts receivable analyses such as aging analysis, business segment analysis, customer area analysis, etc.
- Cash Flow prediction based on outstanding receivables
Scope of Accounts Payable Outsourcing Services
- Accounting system updates based on the purchase order, Bills, and goods receipt notes
- Analyzing the vendor’s approvals based on the follow-ups with vendors as well as purchase orders
- Resolving issues for the below-mentioned points:
- Unauthorized or non-budgeted purchase orders
- Unauthorized receipt of services/goods
- Non-receipt of services/goods against vendors’ invoices
- Miss-matching of vendors’ bills with purchase orders
- Computational errors in vendors’ bill
- Vendors’ bills posted onto the accounting system
- Advice on premature payment and discount availability
- Payment instructions drafting for the due payments
- Different drafting for credit and debit notes as well as the statement for the vendor accounts
- Vendor account statement reunion
- Timely reporting for outstanding PO commitments, the unpaid number of supplies, etc.
- Payables aging analysis, segment analysis, etc.
- Vendors purchase history and price trends analysis
Outsource At Your Convenience
Hire Dedicated AR/AP Executives
You also have the option to opt for a hiring model by hiring an AR/AP executive. The Accounts Payable/Receivable Executive will manage all activities in the accounts payable/receivable function.
They will manage collection activities such as sending follow-up inquiries, negotiating with past-due accounts and referring accounts to collection agencies. By hiring AR/AP Executives you can focus your in-house manpower on other crucial tasks which require immediate attention.
They will manage collection activities such as sending follow-up inquiries, negotiating with past-due accounts and referring accounts to collection agencies. By hiring AR/AP Executives you can focus your in-house manpower on other crucial tasks which require immediate attention.
Result Focused Solution
Streamline payment cycles and strengthen client-vendor relationships with our AR & AP outsourcing services.
Managed AP and AR services from a top offshore accounts payable and receivable company will become a great asset for your business. Our experienced AR and AP experts possess a knack to administer and control the rolling payment from customers to businesses and businesses to vendors to validate that nothing is moving down the cracks.
Outsourcing accounts receivable and payable services can help you manage end-to-end payment cycles at up to 68% lower cost than keeping and training an in-house team.
Outsourcing accounts receivable and payable services can help you manage end-to-end payment cycles at up to 68% lower cost than keeping and training an in-house team.
Analysis of different account receivables like customer area, business segment, aging analysis, and more.
Regular reporting of diverse account payables like outstanding PO commitments, premature payments, vendor bills, vendor account statements, and more.
Accurate account receivable statement management with accurate recordkeeping of received payments, advanced, cash against credit sales, and more.
Reconciliation of mismatched credit and debit records, bills and purchase orders, unauthorized goods bills, and more.
Accurate cash flow prediction with outstanding payables and receivables to aid further financial decision-making.
Industries We Empower
We focus on Finance, Healthcare, Retail, and Technology industries with custom solutions that improve performance and drive sustainable business growth
E-Commerce
Franchise
Healthcare
Small Business Accounting
Hotels & Restaurant
Manufacturing
Shipping & Logistics
Agriculture
Real Estate
We Are Well Versed with All Cloud Based Accounting Systems
Software We Are Expert With
How We Help You Stand Out
Key Differentiators
Tangible Results
Enjoy the streamlined cash flow with more controlled accounts receivable and payable processing with the help of experts that provide concrete data.
Excellent Tools
The best accounting tools are in place to automate the processes and increase accuracy to speed up AR and AP management and cash flow.
Thorough Verification
To guarantee the accuracy of record management and processing, our accounting experts double verify the data, even with your internal team.
Top to Bottom Assistance
From recordkeeping to verification of records, sending reminders, updating accounts, and all other jobs will be handled
by experts.
Frequently Asked Questions
Get answers and solutions on our FAQ page instantly ! Our answers address your key questions and concerns
1. Can you provide fixed priced outsourcing accounts receivable or accounts payable solutions for my company?
Yes, we can provide you fixed priced AR/AP services. Once we receive details about the volume and scope of the work, we would be able to assess the time and based on that we can provide you fixed price quote.
2. How do I know my data is secure with Advinance? Do you offer confidentiality agreements?
Yes, we will make a confidential agreement which is known as nondisclosure agreement (NDA). Capactix has all the necessary software systems and secured IT infrastructure to protect the confidential data of our client.
3. I only need data entry with Payables and Receivables, I do my own reconciliations, does that work for you?
Yes, we have a data entry specialist, you can hire them for your Data entry work.
4.How many invoices can be processed in a day?
It depends on various factors such as the size & complexity of the invoices, software speed, weather document needs to be attached with posting transactions or not, master for invoice processing is available in the software or not etc. We can provide estimate once we receive some basic information.
5. At what interval you can provide AR/AP Report?
We can provide weekly, bi-monthly, monthly and yearly depending on your requirements.
