Accounts Receivable Outsourcing & Accounts Payable Outsourcing Services

Bi-Outsource provides accounts receivable and payable management outsourcing services. Businesses are a collaborative term that comprises multiple entities such as vendors, customers, payment & non-payment parameters, etc. For that, making some advanced systems and tracking of cash flow plays a vital role in managing the organization well. To handle the customers and business partners at the same time with a satisfying experience, it is mandatory to have constant tracking of income and investments for any business. Ours outsource accounts receivable and outsource accounts payable services help businesses in maintaining accounts receivable and payable.

Accounts receivables and payable tracking is a daunting task when it comes to accurate accounting management domain. It is difficult to manage such things without a resourceful team having a niche for accounts receivable outsourcing and accounts payable outsourcing services.

It requires high-level management as well as maintenance of cash flow. Also, the tracking of customers’ receipts is another important aspect of any business

Bi-Outsource plays a vital role in managing both accounts receivables outsourcing and accounts payable outsourcing of the organization. So the organization can simply focus on the production hours and business deals without employing an entire team for these tasks.

Bi-Outsource offers regular follow-ups and keeping eye on regular activities and business deals with the clients to ensure that organization is getting paid on time. We require corresponding details in order to communicate with the respected clients of the company/ organization for outsourcing accounts receivable services.

Scope of our Accounts Receivable Outsourcing Services is as follows:

• Resolving issues for analysis of actual incomesInvoice creations as per the products/service delivery and estimates

• Invoice update onto the system

• Accounts receivable details update on time

• Regular corresponding for receivables collection

• Accounts receivables ledger update on receipt

• Updating advances received, besides receipts against credit sales, etc.

• Dealing with the incomplete payments by raising appropriate queries

• Preparation of account statements and updating clients for reconciliation

• Updating clients/touch points for differences in the reconciliation of records in account statements.

• Various accounts receivable analysis such as aging analysis, business segment analysis, customer area analysise

• Cash Flow prediction based on outstanding receivables

Choose the best account receivable & payable management company- Bi-Outsource

Scope of our Accounts Payable Management Services is as follows:

• Accounting system updates based on the purchase order, Bills and goods receipt not

• Analyzing the vendors approvals based on the follow-ups with vendors as well as purchase orders

• Resolving issues for the below-mentioned points

• Unauthorised or non-budgeted purchase orders

• Unauthorised receipt of services/goods

• Non-receipt of services/goods against vendors invoices

• Miss-matching of vendors bills with purchase order

• Computational errors in vendors’ bill

• Vendors bills posting onto the accounting system

• Advice on premature payment and discount availability

• Payment instructions drafting for the due payments

• Different drafting for credit and debit notes as well as the statement for the vendor accounts

• Vendor account statement reunion

• Timely reporting for outstanding PO commitments, unpaid amount of supplies etc

• Payables aging analysis, segment analysis, etc.

• Vendors purchase history and price trends analysis