Every year a lot of money is spent by the to companies to process invoices, to purchase order matching, identify address defects and respond to vendor inquiries. With the help of our efficient accounts payable system we are able to increase our focus on cost reduction and improved fiscal management. Executive management teams are realizing the benefits of an effective accounts payable process without any hassle.

• Invensis with its best practices and high levels of quality ensure that all the process related to the clients’ Accounts Payable are efficiently and accurately done. 
• With centralized control over payables irrespective of the location is made possible at Invensis. Centralized control with decentralized approval is the mantra for us.
• World class accuracy and quality with well defined detailed business rules around with matching invoice and approval. Real-time tracking and reporting of all payables from the time they are received from the vendor through disbursement, for client employees and their vendors.
• The ability to focus on strategic, pertinent finance issues instead of non-value added activities such as A/P.

Having clients from diverse fields like financial services, real estate, distribution, healthcare, communication etc, Invensis has highly specialized professionals to cater to the various requirements of the clients. We provide complete integrated services and also ensure that we facilitate in formulating well established user specific solutions.

The accounts payable processes have a significant impact on the profits of a business. Companies spend huge amounts of money every year to process invoices, perform purchase order matching, address defects and respond to vendor inquiries. If the accounts payable system is not effective, a company has to bear the additional cost of late payment penalties, missed discounts, duplicate payments and rework. With an increased focus on cost reduction and improved fiscal management, executive management teams are realizing the benefits of an effective accounts payable process.

Accounts payables

Our accounts payable involves managing what Invensis owes to others. Accounts payable means all our short term payment liabilities, including payroll and taxes, but we focus on trade payables, normal business expenses such as raw materials, products for resale, and services.

The services that they include are:

Invoice Receipt: The submission of invoices as hardcopy, fax, electronic files transfer and EDI aredone by customizable supplier portal to our suppliers.

Image and Data Capture: Using the automation tools our systems a can read the invoice data with the help of images. This is made possible as our hardcopy invoices and faxes are stored as images in our systems.

Process and Route: The processing of the invoice documents are done in accordance with the business rules. The processed invoices are routed to the appropriate employees within your organization for approval and final resolution.

Outsourcing your accounts payable processes to Invensis have helped our clients to reduce annual accounts payable ledger costs. Superior quality and high accuracy along with real time tracking and reporting helps our clients benefit a lot. Centralized control over payables across the enterprise has always focused on their core competencies and zoom ahead of their competition.

We believe in constantly updating ourselves with the newest and the latest technology and methodology with the help of our team of domain specialists through various training programs and certifications in order to ensure that assigned onsite projects are the best in the output. Our strong risk management team furthermore ensures that the risks are minimized.

• Document Services
  This service helps to manage paper-based account payable documents. It involves scanning, document storage and retrieval.

• Transaction Processing
  We have unique accounts payable procedures and accounts payable software that enable us to process electronic invoice formats and perform data entry of various paper-based payables transactions.

• Disbursement Services
  We support accounts payable processes such as electronic payment processing and check printing and disbursement.

• Centralized supplier invoice control
• Purchase order and invoice matching
• Approved account payment listings
• Automated account payments to suppliers using BACS
• Supplier statement reconciliation
• Released management time to focus on core activities

The excellence gained through working closely with diverse industries such as manufacturing, transportation, automotive, pharmaceutical, media and entertainment stands us in good stead. Whether you desire to outsource your accounting department to bookkeeping firm or need assistance in a specific area like accounts payable, our highly skilled accounts payable manager can assist you with the day-to-day tasks associated with your accounting needs.