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.
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%
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
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.