Accounts Payable Outsourcing Services
Introduction
Unlock Business Value By Leveraging Our APO Services
We have been delivering high-quality accounts payable outsourcing services (APO Services), also known as Procure to Pay (P2P) to our customers, assisting them in increasing efficiency and lowering costs.
For our customers we ensure an efficient accounts payable (AP) system that manages cash flow and working capital effectively. Our accounts payable (AP) management services include 2-way and 3-way matching, GST and TDS compliance, recording unpaid GRN liability, vendor payments, employee expense reimbursements and tracking purchase order revisions.
Our partnership assists in improving your company's agility and compliance with regulatory policies. We also use OCR and RPA (robotic process automation) solutions in case of high volume accounts.
We track the workflow using cloud based solutions for complete visibility into process performance. Our APO solutions enable working capital optimisation with invoice processing and disbursements, vendor management, and accounts payable aging reports.
TO STREAMLINE AND OUTSOURCE YOUR ORGANIZATIONS ACCOUNTS PAYABLE PROCESS
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What We Offer
Fastlink offers a vendor portal that ensures transparency to the vendors and saves time and efforts for the clients. Through our services in APO (Accounts payable outsourcing), we at Offshore Accounting and Taxation Services (Fastlink) ensure smooth and efficient management of the following.
Timely AP Ledger Processing and Reporting
Ensure that vendor ledgers are accurate and updated in real time. This helps in timely payments, MSMED compliance and avoid interest liabilities.
GST (Goods and Services Tax)/ Value Added Tax (VAT)/ Sales Tax Processing
Proper accounting of purchases to avail GST input credits, taking care of GST on reverse charge mechanism, matching the input credits with the information provided by GSTN
Matching Purchase Orders to Invoices
We can assist with tasks such as comparing and linking a supplier invoice to the underlying data used to calculate the overall cost, such as a goods received note (GRN)/ products delivery receipt and purchase order or contract. This is normally a difficult and time-consuming task, but our experts can complete it quickly and efficiently for you. We have also automated this task in case of high volume accounts.
Purchase Requisition/ Purchase Order Processing
We handle your purchase orders from start to finish, including aggregation of purchase requisitions, vendor follow up, creation of POs, getting the POs approved, tracking shipment & billing and closing.
Key Differentiators
Multi-Level High Quality Inspections
Our high-quality services are ensured by our efficient and precise services. To ensure that all of our deliverables are of the greatest quality, we have implemented multi-level inspections.
Cost-Effective Pricing
Service effectiveness with cost effectiveness is the best combination. Our price structure is incredibly cost-effective and can accommodate any budget. At all times, you will obtain the finest quality services while staying within your budget.
Save Time And Effort
We handle all of your accounts payable services, resulting in fewer invoice discrepancies and disputes, as well as improved vendor relations
Compliance
We follow all applicable rules for the company and geography to ensure compliance and adherence to the internal control framework.
Data Protection
We are committed to safeguarding your information and will take all reasonable steps to do so.
Benefits Of Accounts
Payable Outsourcing
Services
- Increase efficiency in the entire accounts payable process without additional manpower.
- Get access to useful MIS for enhanced decision making.
- Reduce expense in technology, equipment, and employees.
- Ensure accurate payment with reliability of Maker – Checker system.
- Get access to latest technology when you outsource accounts payable.
- Adherence to SLAs guarantees timely payments & healthy supplier relationship.
- Avoid interest liability by making timely payments to MSME registered suppliers.