Accounts Payable Outsourcing Services
Checkissuing’s innovative and flexible Accounts Payable Automation Service provide companies with the ability to outsource parts of their accounts payable departmental processes through a secure, automated, rule-based system which is driven by strict processes, resulting in lower processing costs, improved controls, higher service levels and secure payment processes. Some of the AP services we provide are:
- Scanning and OCR Invoice processing
- Approval and Signatory Management
- Check/ACH/EFT/Wire Disbursement Templates and Services
- Compliance and KYC Services
- Tax Services and IRS Tax Form Managemen
- Standard and Custom Reporting Available
- We integrate fully with most common ERP systems such as SAP, PeopleSoft, Oracle, Great Plains, etc.
We can often reduce the costs of a company’s AP processing by over 40% while providing detailed data for Cost Analysis, as well as can provide your business with imaging and workflow which can reduce your days payable outstanding by 4-5 days compared to traditional processes.
- Change your the A/P department into Profit Center
- SOCII and HIPPA Compliant
- Increase your Productivity while Decreasing Processing Costs
- Invoices visible within 24 Hours
- Faster approvals and period closes for your staff
- Improve Working Capital through better payment management
Let us help your business reduce your accounts payable departmental expenses without capital investment while having tighter control over the entire process. Outsourcing the functions of your A/P department to us will help your company reduce costs, extract the most value possible from their expenditures, meet complex requirements, and become more competitive in your industry.
The Benefits of using Checkissuings Accounts Payable Outsourcing Solution
ELECTRONIC CONTROL – Based on your business rules, we provide you with a web-based control panel that lets you automate your accounts payable operation by integrating with your system electronically, and following set or custom approval rules. Our invoice automation system allows you complete control over management authorization.
BACK OFFICE CONTROL – Our Account Payable Solution is geared toward helping you improve the operations of your back financial office without disrupting your existing systems, software or processes. Checkissuing’s program is capable of scanning and storing documents, interfacing with numerous accounting systems, automatically merging and error-checking data, and allowing your vendors a wide range of payment options including checks, ACH Direct Deposit and Wire.
TAX COMPLIANCE –CheckIssuing assists with the collection of the required tax forms for your vendors and helps manage US entities, which is typically a W-9 (Request for Taxpayer Identification Number and Certification) is required. With Non-US entities, they are typically required to submit a declaration stating that they are not a “US Person” as per the IRS definitions and are asked to complete the necessary W-8 paperwork.
WEB PORTAL & ELECTRONIC INVOICING – Our Vendor Portal provides a single point of entry to allow our clients to view document status and allows them to participate in both the submission and correction processes, manage reports, and many other things.
CheckIssuing’s proven and innovative accounts payable solutions will put your department back to work on your core business instead of managing mountains of paper. Working with us is straightforward and direct. We get sent invoices directly or purchase orders. Based on your business requirements and approval rules, then we process the payments and send them to the appropriate vendors using a range of electronic payment options.
Drastically reduce your processing costs
Businesses today are being challenged to reduce costs, collect the most value possible from their expenditures, and meet a wide variety of requirements. Imagine reducing your accounts payable automation processing expense without capital investment while boosting regulations over the entire process. When you outsource the functions of your AP department to us, that’s what happens. Contact Us Today to see how we can help.