Accounts Payable
Paying your suppliers on time creates a good credibility in the market for an organisation. However, keeping track of different suppliers and their different payment terms can turn out to be a time-consuming process. Many times you end up making duplicate payments to suppliers and never even realising about the same.
By outsourcing your Accounts Payable Management to ZX, you make sure that timely payments are made to your suppliers, only after validating the amount of payment with a corresponding invoice. With ZX being your outsourcing partner for Payables Management, you get access to benefits like Early-bird discounts, Zero Late Payment Fees, Preplanning of Outflow, Check on Payments, AP Process Automation etc.
Accounts Payable
The scope of our work includes
- Capturing Invoices Via Hubdoc, Receipt Bank, Email, Supplier Portal Etc
- Integration Of Invoice Capturing Software With Bookkeeping Software
- Posting Of Invoices In Bookkeeping Software
- Making Payments (After Approval) To Suppliers
- Creating Batch Payments For Suppliers
- Communication With Suppliers On Your Behalf
- Substantiating All Outward Payments With Invoices
- Substantiating Invoices With Delivery Notes
You’ll need to provide
- Supplier Invoices
- Access to Supplier Inbox
- Access to Invoice Capturing Software, if any
- Various Supplier Details
Reports we provide
- Aged Payables Report
- .aba file for making batch payments
- Supplier Payments Report
- Overdue Invoices Report