Accounts Payables

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Account Payables

Any kind of business has its own business cycle and as per that cycle, it experiences lows and highs, in terms of process efficiency, sale margins, annual profits, employee motivation etc. The business owner has no control over most of the factors responsible for this deviation but the inherent discrepancies in any business process can be addressed and improved with consistent efforts. Accounts Payable is one such area. In the present business scenario, a business and its promoter/s are under continuous pressure to cut costs to continue as a viable & profitable entity.

Companies are required to file regulatory compliances which are extremely difficult while trying to extract maximum value for money from expenditures and to cut costs as much as possible. High level of business sense, good service level agreements, better monitoring and reduced costs of processing can be achieved by deployment of automated systems based on business requirements.

Why Corpseed

Our accounts payable automated solutions make the end-to-end accounting process more efficient and effective. Our flexible and innovative services offer customers the ability to convert their accounts payable processes into an asset for the organization.

We have thorough understanding of the requirements of the customers in various industries. Our AP processing services provide cost efficiency, dependability, flexibility and easy implementation and have been developed through the integration of many technologies.

The Corpseed Accounts Payable Service covers following transactional processes:

  • Processing of Purchase Orders
  • Matching Purchase Orders with Invoices
  • Processing of Standard Pricing Information
  • Processing Debit Memos
  • Aging Report Preparation and Processing
  • Processing of Monthly Sales Tax
  • Processing of Monthly AP Ledger
  • Escalation/alerts for transactions pertaining to:

- When purchase orders are issued without budget allocation or proper authority

- Certification of delivery of services/goods by non-authorized individuals

- Missing evidence of delivery of services/goods against supplier bills

-Purchase orders of vendors not matching the supplier bills

-Incorrectly computed supplier bills

Benefits of Corpseed Accounts Payable Service

  • Increased Profit—The outsourcing of AP helps to enhance the working capital of the business and ensures its optimal use leading to comfortable bottom line.
  • Reduce Processing Costs— The automation of Accounts payable can help to reduce the cost of processing by minimizing the total time required to complete the transaction.
  • Web Access of Invoice Documents — It allows the business owner/promoter to access the invoice online, making it convenient to access it from any corner of the world.
  • Avoid Late Payment Fees and Penalties— Reminders and scheduling facility of our AP Process keeps you protected from late payment penalties.
  • Never Miss an Early Payment Discount— It also makes the promoter aware of the benefits of early payments by updating you about the profits of early payment, if any.
  • Avoid Duplicate Payment— Accounts Payable transactions are handled by experienced professionals which mitigates the possibilities of duplicate payments.
  • Eliminating the need for storage of paper invoice—With the help of accounts payable software, a paperless accounts payable system can be achieved to maximize efficiency and effectiveness.
  • Improve Consolidation— It streamlines the complete accounts payable system, making it accurate and ensures high quality standards.

 

Frequently asked questions (FAQs)

At Corpseed, we are committed to offer our services to the entrepreneurs and businesses as a very cost-effective proposition. We believe that a customer is always right and the focus of any business activity should be to serve the customer with utmost loyalty. All our services come with SLAs (Service Level Agreements) for on-time service delivery and money back guarantee to ensure high level of customer satisfaction.

At Corpseed, our valued customers are always kept in the loop as far as service delivery timeline is concerned and we inform our customers every time a milestone is achieved during each stage of service request processing. But we also believe that we may come across a customer who is not satisfied with our efforts. For that we have a very responsive Customer Care Department which work 24x7 to attend to and solve customer complaints. We also have a money back guarantee for those, who want their service charges to be refunded.

At Corpseed, We believe it is our responsibility to protect our customer information from unauthorized access. We have put systems and processes in place to make sure that the customer information is safe with us during its storage and transfer between in house and third party servers. We continuously test our systems and processes for security breach and vulnerabilities are identified and fixed at a regular basis..

If a customer is not satisfied with the service we provided and if he contacts our customer care helpline and files a formal complaint within 15 days of service delivery date, Corpseed would refund the entire or partial amount of Professional Fee charged for that particular service.

If a customer is having issues with our service delivery process, he has various alternatives available at his disposal to register his grievance with us. He can either email his complaint at complaints@corpseed.com or he can call our 24x7 Customer Care Helpline. Also, any customer is always welcome to visit our office to lodge a complaint with the senior management.

A customer can buy our services directly from our online platform, for which he need to make online payment. Once he clicks on "Apply Now", a new window will open, a customer is required to submit the information in the respective fields and click "Make Payment". A unique ticket number will be auto generated, the customer need to quote this number as reference for any enquiry regarding his service request.

All the monetary transactions performed on Corpseed online platform are secured with SSL System Protocol. We encrypt the customer information such as credit card and bank account details, before these are transmitted anywhere. We adhere to PCI DSS for data security standards for payment processing.

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