Account Payable Processing

Account payable processing deals with the process of managing the invoices that flow in from arrival to post. Most of the financial organizations spend a large part of their finances on processing Accounts Payable. This is largely due to the manual effort required to enter invoices into the accounting system. We at Fanatics ITES Pvt. Ltd. offer the invoice data capturing service with best practices thereby reducing the costs considerably.

To manage your daily cash position accurately and effectively, you need accurate data coming in to you without delay. We capture data from invoices and other sources - paper or electronic, make validity checks for quality and deliver an electronic output file that helps prepare the payment advice.

FIPL provides end-to-end solutions for all accounts payable services to help organizations reduce their AP turn-around time, prioritize payments and assist in maintaining the financial health of the business.

Our clients have seen great improvements in the service level and productivity of the organization after outsourcing their accounts payable process to us.

Fanatics AP Solutions come with:

Effective Risk Mitigation

Focused experience and expertise in accounts payable

Deep experience on processing of documents through manual and OCR process

Dedicated in-house training and quality audit cell for regular training and monitoring internal quality

Dedicated IT team to build business intelligent tools to improve productivity and provide customized reporting

24X7 operational reliability with flexible work environment

Work flow automation

Accuracy level up to 99%

Accounts Payable Services at Fanatics ITES Pvt. Ltd. Include:

Invoice Processing – Offline and Online

Manual and Automated Data Processing

Document Archive

PO matching through 2-way, 3-way or 4-way match

Electronic Invoice Processing

Approval and Exception Routing

Interfaces with leading ERPs customer

Help Desk Support

Outsourcing Account Payable Processing to Fanatics ITES Pvt. Ltd. – Benefits

Reduce the total cost of invoice processing and the accounts payable process.

Reach 98% on-time-payment performance possibility with reduced effort.

Open a new view into your outstanding liabilities with a centralized, paperless process.

Expand your AP analytical expertise while reducing clerical staff.