Gain and time and save costs by outsourcing accounts payables processing to Axe Bpo
Majority of Forwarding and Logistics companies like you, are operating with wafer thin margins. Then, why would you want to incur high costs, consume more time and deploy more resources in Accounts Payable processing.
Outsourcing accounts payables to Axe Bpo delivers 65% more efficiency across the Invoice Receipt to Payment cycle. Axe Bpo combines process optimisation, analytics and solutions to drive greater impact for your AP function. A combination of imaging hardware, software, skilled team along with intuitive archiving, analytics and dashboards, transform thousands of invoices (originating as paper or scan images) into systematically extracted, validated and real-time data.
Watch this video to learn how Axe Bpo can be a super efficiency booster for your AP team.
Sample the benefits our customers experienced from Accounts Payable Outsourcing:
- Improved payment cycle and delivery receipts through faster invoice processing
- Leveraged time zone differences between India and Europe to efficiently complete all transactions before the next business day
- Exploited offshore resources to reduce operational costs
- Significantly reduced rework frequency and exception processing
Accounts Payables Processing – Features
Axe Bpo combine process optimisation, analytics, and solutions to drive higher impact by enabling a more effective AP function. Axe Bpo outsourcing services encompass end-to-end AP processes, including:
- Document management
- Invoice processing
- Approval and resolution management
- Help desk
- Month-end and internal/external reporting
Streamline the AP Process and derive the following benefits:
Improves the overall health of the AP process by ensuring that information delivered to the ERP is relevant and qualitative. Reducing time lost in error rectifications. Moreover physical paper-based processes and manual processes are streamlined to bring about standardization of process flows.
Provide process visibility, clearing out bottlenecks and enabling faster exception resolution.
Making payments to vendors systematically ensures metric based allocation of cash flow , helping in predicting cash requirements.
Enable your business to negotiate discount terms and better credit terms with suppliers and vendors.
Enabling timely payments and also allowing vendors across geographical locations to keep a status track on their invoice submissions.
By reducing incidents of penalties on late payments. Brings down overhead costs and moreover reducing errors through prevents financial penalties as well as loss of your corporate reputation.
All the invoices processed by Axe Bpo can be digitally accessed, tracked, audited and paid with negligble rework and human errors. Outsourcing Accounts Payables Process drives additional cash flow and reduces working capital.