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Get A Dedicated Team To Streamline Your Accounts Payable Process

Accounts Payable Outsourcing Services

We specialize in Accounts Payable outsourcing services, providing a complete solution to your AP needs. Let us help you streamline your accounts payable process, so you can focus on running your business. We have more than 10 years of experience and have helped companies of all sizes improve their financial statement reporting efficiency. Experience peace of mind knowing your bills are being paid and your receivables are being collected.

accounts payable outsourcing services

Improve Your Bottom Line With Accounts Payable Outsourcing

When it comes to improving your company’s bottom line, you can’t overlook the accounts payable department. In fact, the AP department is a key area where businesses can save money and improve cash flow. And one of the best ways to do this is by outsourcing AP functions to outsourcing companies.

Accounts Payable outsourcing services are a way to improve your bottom line by freeing up valuable human resources and reducing costs. With the help of outsourcing firms, these departments can spend their time on more important tasks, like product development and customer service.

Digital Minds BPO is a leading provider of outsourced accounting services. Our team can take care of your accounts payable needs, so you can focus on your core business.

Our Accounts Payable Outsourcing Services

If you have high volumes of accounts payable work that would benefit from being outsourced to a third-party company, we can help. Our staff will be able to take care of all the day-to-day tasks that come with accounts payable, including processing invoices and payments and managing the payment cycle process for your organization.

It’s important to remember that no two companies are exactly alike. That’s why we at Digital Minds BPO offer customized services that will meet your specific needs and requirements.

We provide a wide range of accounts payable services, including (but not limited to):

Processing Purchase Orders

We start by creating the purchase order, and then we move on to order approval and closure. Throughout the process, we include quality checks, budget checks, and contract management. Our service package is designed to help your company grow.

Invoice Processing

Our A/P solution manages electronic invoice processing, three-way matching, and helps reduce costs by up to 40%. In addition, we offer data for Spend Analysis as well as manual and automated services for Accounts Payable.

Invoice Payment Processing

A dedicated staff will take care of all the payment processing tasks for you. We will also be available to help with any other questions or concerns that may arise throughout the year, so no need to worry about a thing!

Processing Debit Memos

Debit memos are created when a client has been charged incorrectly due to sales tax or pricing errors. Processing debit memos is an important part of our Accounts Payable Outsourcing Services. We have the experience and expertise to handle all aspects of this process, so you can focus on your core business.

Matching Invoices with Purchase Orders

Matching invoices with purchase orders is one of the most important aspects of accounts payable (A/P) outsourcing. One service we offer is linking supplier invoices to the underlying data. This helps ensure that all the necessary information is present and that there are no errors in the invoice.

Processing of Monthly AP Ledgers

Our professional Accounts Payable (AP) team will process your monthly AP ledgers. We’ve helped numerous clients around the world create accurate and useful AP records.

Vendor Master Data Administration

Maintaining accurate and up-to-date vendor master data is critical for Accounts Payable (AP) organizations. When invoices are processed, it’s important that the corresponding vendor information is correct in order to avoid erroneous payments and other accounting issues.

Vendor Inquiries

When a vendor inquiry is received in the AP department, it’s important to quickly determine if the information presented is correct. Your dedicated AP staff will research the vendor information to see if it matches your internal records. If there is a discrepancy, your staff will work with the relevant parties to resolve the issue and correct any inaccurate data.

Invoice Auditing and Cost Recovery

We have extensive experience in reconciling discrepancies in vendor statements and identifying cost recovery opportunities. And if you have a dedicated AP department, we can even help you calculate the cost per invoice processed. Auditing invoices is complex and time-consuming, but our team of professionals is up for the challenge. We’ll work diligently to make sure that every invoice is examined closely and accurately.

Other Accounts Payable Services

The Benefits of Outsourcing Accounts Payable

When it comes to accounts payable, outsourcing can offer a range of benefits to businesses of all sizes. By working with a trusted provider, you can improve your workflow, access new tools, and refine your processes. In addition, outsourcing can help you grow revenue by freeing up time and resources to focus on other tasks.

Outsourcing accounts payable allows you to focus on your core business activities while the provider manages the payment process for you. This results in lower costs and a more efficient AP process overall.

Some benefits of outsourcing AP include:

Why Outsource Accounts Payable Services to Digital Minds BPO?

Digital Minds BPO is a leading provider of outsourced finance & accounting services. We help companies improve their business processes and operations, reduce costs and risks, increase revenues, and gain competitive advantage by harnessing the power of world-class BPO services.

Digital Minds’ expert team of specialists is dedicated to helping you achieve your goals through a range of cost-effective business process outsourcing (BPO) solutions.

We offer a wide range of services including accounts payable outsourcing, accounts receivable management, accounting, bookkeeping, back-office outsourcing services, and much more. We are one of the fastest-growing BPO providers with offices in the Philippines and the USA.

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Qualified and Experienced AP personnel

Employees that we hire are trained and certified. Our experienced accounts payable outsourcing team has a proven track record of providing high-quality services to clients around the world.

Scalable Services

Digital Minds BPO has a scalable infrastructure based on the client’s requirements. We have the infrastructure to support hundreds of clients simultaneously. Our team is always ready to take on new clients and extend our services to them.
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End to End Accounts Payable Outsourcing

We offer end-to-end outsourcing for Accounts Payable. Our services include data entry and processing, bank reconciliations, accounts payable and receivable management, reports and statements, and more.
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Affordable & Flexible Pricing

We pride ourselves on providing quality services at highly affordable prices. Our prices are highly cost-effective, meaning you'll save money on your accounts payable program. We want to help you get the most for your money, and our accounts payable services are a great way to do that.
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Data Security & Confidentiality

We comply with all data privacy regulations, to keep your data protected at all times. You can feel safe knowing that your data is being processed in a secure, protected environment. All our employees undergo thorough background checks and security checks to ensure that your data is secured.
Trusted and Experienced

Experienced Company

We work with a number of Fortune 500 companies and have extensive experience in outsourced accounts payable services. We adhere to a high level of quality control and quality assurance, with a focus on quality.
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Quick Turnaround Time

We have a team of experts who work efficiently and quickly to deliver the work. Timely completion of projects with a dedicated AP Team. This means that we can process transactions, reconcile accounts and perform all the necessary tasks in order for you to receive your payments on time.
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24/7 Availability

Our facilities are open 24/7, providing clients with around-the-clock access. Our team of experts is always on call and can help you with any task no matter what time of day it is. We make sure to always be on point and we will never let you down.

Outsource Accounts Payable Services to Digital Minds BPO

If you’re looking for a reliable and affordable outsourcing partner to help with your accounts payable (AP) needs, look no further than Digital Minds BPO. With over 10 years of experience in the industry, we know how to provide our clients with quality services that meet their unique needs.

Our team of experts can help you reduce your overhead expenses by 30-50%, and we’re confident that we can serve you better than any of our competitors. Our offices in the Philippines operate round the clock, so we’re always available to support you whenever you need us.

According to benchmark data, top-performing AP organizations process over four times the number of invoices than bottom-performing organizations do. And the cost per invoice processed is almost five times higher in a bottom-performing organization! This is largely due to the fact that these companies are often bogged down by a lack of productivity and efficiency.

But it doesn’t have to be this way. With our team of top talent, increased production, and a “team-like” mentality, we can help improve your AP performance significantly. 

To learn more about our AP outsourcing services, please contact us today. We would be happy to answer any questions you have and discuss how we can help improve your business’s bottom line.

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How Much Is The Cost of Outsourcing Accounts Payable?

Find out how much our AP outsourcing cost. It usually takes only 1-2 days to receive your proposal.

Once signed, the recruitment of your team will begin immediately.

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Frequently Asked Questions

If you have any questions about our outsourced accounts payable services, contact us today or examine the following answers to the most frequently asked questions.

Accounts payable is the term used to describe the process of paying bills to suppliers or vendors. It includes both invoices and cash advance payments on credit cards.

Outsourcing accounts payable can save money for your business because you will not have to pay salaries, hire employees, and manage payroll. This is a great way to save time and money.

A three-way match provides a method for cross-referencing and verifying your accounts payable expenses using a set of three different documents—the invoice, the purchase order, and the receipt—in order to avoid any erroneous charges.