AP & AR are the most important and critical processes in every business. As when it comes to buying goods and services, businesses face significant, costly, and flawed A/P Processes, so the improvements there may lead to a significant impact on an organization. Our Mission is to help organizations run their business process more efficiently and more profitably with their AP & AR Functions.
Accounts payable (AP) and Accounts Receivable (AR) today is a strategic business function that optimizes working capital, enables more significant savings for the business, and helps improve supplier relationships. Many companies are using Books Advisors Accounts Payable Outsourcing Services, and they find that they save up to eighty percent on the cost of labor alone. Additionally, they save money related to errors on invoices.IBN also provides Account Receivable Outsourcing Services, in that process that allows small businesses to sell their accounts receivables and other invoices to an external financing company.
IBN offers Purchase to Pay Services (P2P), Order to Cash services (O2C), and Record to Report (R2R) Services with detailed Aged Debtors Report (ADR) as per client’s requirements clearly defined at the time of agreements and with well-defined SLAs in place.
ACCOUNTS PAYABLE
- P2P (Purchase to Pay)
- Create Requisition
- Create PO
- PO authorization
- Sending authorized PO to the requester
- Receipt of Invoice
- Invoice approval
- Posting of Invoices in the accounting system
- Pay the invoices
- Supplier Reconciliation
- Payment Process
- Handling Supplier calls
ACCOUNTS RECEIVABLE
- O2C (Order to Cash)
- Quote Order
- Process Order
- Fulfill order
- Invoice customer
- Receive and apply cash
- Manager credit and collections.
- R2R (Record to Report)
- Risk management
- Budgeting & forecasting
- Management Reporting & Analysis
- General Accounting & reconciliation
