Accounts Payable Services

Accounts payable management is essential in ensuring cash continues inflow, getting the vendor in confidence, and running efficient operations in businesses. With Velan’s Accounts Payable Outsourcing Services, you can attain all these objectives without undue stress. Solutions are unique to the client’s needs and help make payments easier, more precise, and less costly. We at Velan are ready to manage your accounts payable system, hence giving you time to concentrate on the core issues in your business.

Outsourced Accounts Payables Management Services

Velan’s skilled team of professionals recognizes the opportunities for enhancement in your existing Accounts Payable Processing setup. To help you, we provide advanced tools to prevent late payments and find the ways of payment recovery, tools to automate invoice reconciliation, and manage disputes. Their round-the-clock live customer service efficiently answers queries from the vendors and customers.

Our comprehensive AP Management Services include
Accounts Payable Purchase Order
Purchase Order Processing

Timely and precise documentation of the purchase orders will ease procurement.

Accounts Payable Debit Memos
Debit Memos Processing

Efficient handling of debit memos in order to have quick and accurate processing to avert any conflict within the vendor.

Accounts Payable Monthly Ledger
Monthly AP Ledger Processing

Preparation of accounts on the ledgers for all activities involved in Accounts Payable for Small Businesses.

Accounts Payable Invoices
Matching Purchase Orders With Invoices

Reducing cases of invoice mismatching with purchase orders and receipts for coherent details.

Accounts Payable Report Preparation
Aging Report Preparation and Processing

Preparation of aging reports to facilitate payment for those customers who owed the most.

Accounts Payable Invoice Scanning
Invoice Scanning and Digitization

Converting paper-based invoices to digital media for purposes of easy accessibility and reduced workload.

Accounts Payable Monthly Ledger
Fraud Detection and Prevention

Employing advanced tools to identify and mitigate risks of fraudulent activities.

Accounts Payable Pricing
Standard Pricing Information Processing

The effective control of the pricing data in order to ensure more clear and effective transactions.

Accounts Payable Sales Tax
Monthly Sales Tax Processing

Calculation and filing of sales taxes early enough so that adherence to the stipulated tax laws is observed.

Accounts Payable Vendor Communication
Vendor Communication and Reconciliation

Handling of inquiries from vendors and checking of account statements for correct transactions.

Velan - Your trusted bookkeeping service provider with
the experience and expertise that you deserve!

18+
years in to Finance & Accounting
$1B
Manage Books
900+
Clients Handled
5000+
Invoices Processed per month
2000+
Bank & CC Reconciliation
in a month

Our Bookkeepers Certifications

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Streamlined Accounts Payable Services Provider Process

Our efficient process ensures accuracy and transparency, enabling you to focus on your business growth. This streamlined process not only saves time but also minimizes errors, enabling your business to operate more efficiently.

Accounts Payable Services Invoices

Receive Invoices

We take all vendor and supplier invoices and then arrange them properly in our team.

Accounts Payable Services Accuracy

Verify Accuracy

While processing, we reconcile the information in the invoice against the purchase orders, as well as the delivery receipts.

Accounts Payable Services Record

Record in System

Once verified, they are posted into the accounts payable system with every transaction captured for future reference.

Accounts Payable Services Review

Review for Approval

A copy is forwarded to the relevant departments for further commercial assessment. This Accounts Payable Streamlining ensures that the right people are authorized to make payments and to grant people certain access to certain databases.

Accounts Payable Services Payments

Schedule Payments

The implemented payment schedules enable all amounts to be paid within the agreed timelines and uphold good relationships between organizations and their suppliers.

Accounts Payable Services Checks Transfers

Prepare Checks or Transfers

We prepare checks or, more frequently, set up electronic fund transfers according to your preference.

Accounts Payable Services Reconcile

Reconcile Payments

We always make sure that all payments are done and correspond to the recorded amount and, at the same time, change the accounts ledger to avoid mismatching.

Why Choose Velan for Accounts Payable Services?

Outsourcing your accounts payable processes to Velan provides numerous benefits. Here’s why businesses choose us

Cost Efficiency

Simplify and cut overhead expenses on accounts payable internal staff and infrastructure.

Enhanced Accuracy

Using modern technology and a well-selected workforce, we reduce the possibility of making mistakes in the processing of invoices and payments.

Fraud Prevention

High levels of system integrity, coupled with routine investigations, significantly minimize fraud risks.

Direct Deposit & Check Processing

Our services are designed to suit small and big businesses, newly established businesses, and established businesses.

Expertise and Support

We have professionals for your accounts payable that operate round the clock to facilitate the processes.

Benefits of Accounts Payable Services

Outsourcing accounts payable services provides a wide range of advantages, such as:

Improved Cash Flow Management

Friendly and faster payments and improving the management of payables improve the cash position, thus increasing versatility in controlling cash.

Faster Processing Times

Our systems and personnel allow faster processing of invoices as compared to the time taken between the receipt of the bills and the time it takes to pay the bills.

Reduced Administrative Burden

With outsourcing to Velan, your internal teams are able to concentrate on value-add activities instead of non-core activities.

Enhanced Vendor Relationships

Pay on time so that you establish excellent relations with your vendors and ensure a excellent cash flow for your business.

Access to Advanced Technology

Most of our products and services can support various repetitive endeavors and procedures, ensuring high efficiency and low price.

Online Bookkeepers & Accountants

How Secure is Your Data With Us?

Velan understands the importance of safeguarding customer data throughout its entire operational lifecycle. We ensure the uttermost protection of customer property throughout the entire product development process, including storage and logistics. We demonstrate our dedication to data security through the implementation of ISO 27001 in our office.

Why Accounts Payable Outsourcing Matters?

With the growing complexity of financial operations, businesses need reliable solutions to handle their accounts payable processes efficiently. Outsourcing provides

  • Cost Savings
  • Cut down on expenses associated with hiring, training, and maintaining an in-house team.
  • Access to Expertise
  • Expertise and automation reduce the likelihood of errors that could lead to financial losses.
  • Focus on Core Business
  • Outsourcing partners ensure compliance with tax regulations and financial reporting standards.
  • Scalability
  • Services can be easily scaled up or down based on your business requirements.

Why Our Clients Trust Us

Testimonials

News, Tips & More!

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Frequently Asked Questions

Why should I outsource Accounts Payable Services?

Outsource Accounts Payable saves time and resources, enhances accuracy, and ensures timely payments, enabling you to focus on your core business operations.

What are the benefits of Accounts Payable Automation?

Accounts Payable Automation minimizes manual errors, speeds up processing, and provides real-time financial insights for better decision-making.

Can Accounts Payable Services help reduce fraud risks

Indeed, advanced fraud detection mechanisms and robust verification processes significantly minimize risks.

Are there Accounts Payable Services for Small Businesses in the USA?

Absolutely! Our scalable solutions are designed to cater to businesses of all sizes, including small and medium enterprises.

How does Accounts Payable Outsourcing work?

The process involves collecting invoices, verifying accuracy, recording transactions, and ensuring timely payments through a structured workflow.

How do I find the best Accounts Payable Service Providers in the USA?

Look for Accounts Payable Service Provider with a proven track record, comprehensive service offerings, and positive customer reviews.

What is the difference between Accounts Payable and Accounts Receivable Services?

AP Services deals with outgoing payments to vendors, while accounts receivable focuses on incoming payments from customers

What are the latest trends in Accounts Payable Services?

Current trends include AP automation, AI-driven analytics, cloud-based solutions, and enhanced fraud prevention strategies.

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