Accounts Payable Outsourcing Services - Outsource Accounts Payable - Finsmart

Accounts Payable Outsourcing Services

Finsmart Solutions Accounts Payable Processing Solutions are flexible and provide clients with the capacity of scaling up their internal team to focus more on core activities.

Outsource accounts payable services

Under accounts payable outsourcing services we work as your onsite / virtual team handling and transforming accounts payable function into an efficient automated process. In addition– vendor queries and communications can also be handled on your behalf, which truly frees you up from day to day liaisoning and coordination tasks. Additionally we have worked on Accounts Receivable project and helped our clients not only mange the receivables in books of accounts but also contributed in clearance of the Outstanding.

How it works

ProcessStep 1

Invoice Receipt

Customer’s Electronic Invoices are received.

Step 2

Invoice Receipt

Image and Data Capture: All documents are stored as images and all invoice images are viewable.

Step 3

Process and Route

Invoice documents are processed according to agreed business rules with the customer. Invoices are routed to the relevant customer executives for approval.

Step 4

Book and Archive

The invoices are posted to relevant GL after deduction of appropriate taxes.

Step 5

Report

Periodic reports with details of overall spent, cost centre wise spent or product wise spent can be shared with agreed frequency

Reviews

What People Say

Our clients have always trusted our expertise when they outsource accounts payable services. Here’s they shared experience about our accounts payable services.

Software Platforms

We Work With

The main challenge in appointing accounts payable outsourcing service providers is the knowledge on different software’s. Over period of time we have developed capabilities to work on different MIS and ERP platforms like QuickBooks, QuickBooks Online, Xero, Sales force, ZOHO, Oracle, SAP, Microsoft Dynamics, Sage, Time maker etc. including customer’s customized software’s.

Our Team Is Trained On

Smart Accounting Add ons

Finsmart Solutions is advance technology accounts payable outsourcing service providers in India as we works with a variety of cloud add-ons to provide you with world-class service in accounting. Our expertise helps our clients to outsource accounts payable services from any part of the world.

Have Questions?

FAQ'S

Finsmart Solutions believes in accuracy and transparency in both our bookkeeping and methodology. If anything remains unclear and you have a question not covered in this FAQ, please send us a message and we will be happy to get back.

How does Outsourced Accounting work with Finsmart Solutions?

With new technology, working as your virtual/outsourced accountant/partner has become simple. You can opt for any of the following delivery models: Remote, Visit Based Or Dedicated Resource and we would be able to customize the solution accordingly. Our team is well trained to work on the accounting software of your preference ensure deliveries are met as per the set date plans.

How do I stay informed about work done by Finsmart Solutions?

We provide daily updates about ‘work done today to client by email, it is further followed by weekly review calls and monthly review management call. This helps you to stay updated with work status at any time.
If you already have some reporting system working at your end then we would be glad to use it for you.If you already have some reporting system working at your end then we would be glad to use it for you.

What time zone you work in?

We have the flexibility to work in any time zone as preferred by the client, be it real-time, overlapping time or offshore time.

Whether my data would remain safe and confidential?

As we deal with sensitive data of client, security and confidentiality is a priority for us. Some of the measures taken are listed below:
1) Limited Access to Internet
2) Restricted Access to Data
3) Disabled USB ports
4) Secured Network
5) Continuous Monitoring
6) Password Protected Systems Etc.
Also, while accessing the remote server of clients for input, we ensure the data is accessed & kept on client servers only, ensuring the security of data and custody of the data always remains with you.

Is support included in the contract? Can I ask questions?

Yes! Support is included as part of the contract at no extra cost. A dedicated account manager will be assigned to you, who will be available over email or phone to resolve your queries. The turnaround time will be a day at max.

How does pricing work?

Our pricing works as a simple monthly subscription. The pricing is based on scale of operations and work scope outsourced to us.

Do you charge hourly fees if I have questions or need help?

No, there are no extra fees for asking questions – in fact, we encourage it. Your monthly plan price covers everything.

How do prices change as I grow? Will my plan price keep changing every month?

We understand the importance of predictability. Your prices won’t fluctuate every month. While our pricing is based on monthly transactions, there are only price changes on a yearly basis to adjust for increments and if there is a change in the scale or scope of work. A sudden increase in transactions might initiate a discussion, but the same is mutually discussed and finalized.

What is your cancellation policy? What if I prepaid for the year?

We want you to work with Finsmart Solutions because you’re happy with the service, not because you signed a contract. You can cancel anytime with a three month notice period and we will refund the balance amount.

Can I speak to someone who has or is working with you?

Yes of course! We want you to be sure that you are making right decision by choosing us and hence we would be glad to share our references with whom we are working with.
However this can be done post our initial discussions about your service requirements and our proposed service offering.

Focus on what’s Imporant