Reduce Operational Cost of Invoice Processing

Invoice Processing is always a challenge. The complexity arises because of too many stakeholders within and outside of the organization. Further, compounded by diversified business entities and the operating models. What is forgotten is the key stakeholder in this exercise – the finance team. Finance team predictions on cash flow get impacted due to inherent processing models and/or dependency created within the service.

A predictable process for cash flow against invoices will be a win-win for everyone. Right from increasing the visibility to the finance department, reducing stress on the accounting team to freeing up time for the purchase department against handling vendor queries. The outcome, increased delight for the vendor, leading to enhancing the stickiness for long-term sustained business.

Predictability is the all-important benefit of a streamlined invoice processing environment:

• Predictable TAT for end-to-end processing
• Predictable cash flow for the next few days/months
• Predictable receipt of payments by vendors and
• Predictable business

Enabling a predictable invoice processing environment, requires a combination of technology, domain expertise and a strategic vision.

Axe Bpo, has evolved an adaptable invoice processing solution combining the strengths of technology and people with its years of outsourcing expertise. The solution framework removes bottlenecks and improves agility on a continuous basis , while ensuring value to business from time-to-time. The combined solution helps organizations to outsource invoice processing and get benefitted in different areas like:

• Multi-channel inputs
• Reduce TAT of invoice posting
• Validation and posting on one or multiple ERPs
• Information on top discrepancies for mitigation and hence reducing errors on a continuous basis
• Information on delays, reasons, stakeholders responsible and much more
• Reduce non-compliance on TAT/SLA through prior alerts and escalation mechanisms
• Automatic notifications on defined activities as status update avoiding external escalation
• Analytics-based dashboard for continuous improvement

And much more.

Ready to find out how! Contact Axe Bpo for more information on how to outsource invoice processing.

About Axe Bpo: Axe Bpo is a Business Process Outsourcing company serving Freight Forwarding and Logistics companies across Continental Europe & USA. For over 15 years, we are successfully serving clients in Spain, Sweden, France, Belgium, Netherlands, UK, etc., who are well-known entities in the Forwarding / Consolidation industry. Our aim is to deliver substantial operational economy and efficiency, apart from helping our clients extend excellent customer service. We constantly strive to adopt and adapt appropriate technology, multilingual capabilities to quicken our process delivery matching expected Turn Around Time and Price parities. This has ensured that our clients’ trust in us and most customer engagements have spanned 10+ years.

You can reach us at consult@axebpo.in or call us at +91 9840625739