P2P Reporting Services
Wide range of industry standard as well as customised reports to provide insightful information on the P2P cycle
Discovery CallTimely and Accurate Reporting to Enable Smarter Decision Making
The procure-to-pay process involves capital expenditure and businesses that keep a close eye on cash outflows end up increasing working capital. For mid-to-large enterprises, the sheer number of transactions and the complexities associated with them often blur the picture.
Adhering to industry best practices, QX provides in-depth, timely and accurate reporting on all the key P2P aspects, using intuitive dashboards and personalised reports to fulfil the specific needs of your business. This helps our clients stay on the top of business finances and optimise their procure-to-pay process.
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Benefits
Accurate Data
Get full visibility and up-to-date information on items like aged cash requirements, aged payables, overpayments and a range of other categories.
Transformed Reporting
Identify key reporting needs, suggest and implement relevant reporting software and automate a major part of your P2P reporting.
Improved Performance
Access detailed level reports on the offshore team’s performance across the P2P cycle, along with SLA and KPI reporting.
Reduced Costs
Work with a dedicated team of offshore reporting experts to reduce cost of operations by up to 50%.
Services
- Supplier Reconciliation Report
- Outstanding Amount Ageing
- Supplier-wise Outstanding Amount
- Negative Suppliers – Overpayments
- Interactive monthly performance dashboard for AP process to track various matrices
- List of vendors reconciled and open item analysis
- Query invoice aging and analysis by approvers
- Payment on time report by vendor
- O/S GRNI aging and open item analysis
- Total invoices count – invoice type
- Total T&E count – T&E type
- Total invoices received and its status – daily trend
- Total T&E received and its status – daily trend
- Total chaps processed
- Master data count – addition/removal
- AP reporting through real-time dashboards and reports
Choose the Best Finance & Accounting Outsourcing Services Provider
An award-winning company that is both SOC 2 and GDPR Compliant
ACCA- approved Gold Employer
ISO 27001 compliance for security & ISO 9001 compliant for quality management
A steady stream of qualified accountants through the QX Academy
Stay on top of all accounting jobs with QX Tracker App
Flexible engagement models catering to all requirements, whether big, minor, temporary, or permanent
FAQs
Here are some of the most frequently asked questions around P2P Reporting outsourcing. If you have a question that isn’t answered here, please feel free to contact our sales team – they’ll be happy to help!
Modern business owners expect their finance teams to go beyond the day-to-day tasks and contribute to the overall business growth. To make this happen, accountants need to have the skills and resources to leverage financial data efficiently. However, the mundane and repetitive nature of F&A tasks can often leave finance teams feeling overburdened, resulting in wasted potential of data & insights.
Partnering with a P2P expert can introduce a dedicated team of data experts to your business. As a result, your business will gain the ability to streamline reporting to make better-informed business decisions while your onshore team focuses on core business functions.
Zeroing down on the right sourcing partner is one of the most critical steps of an outsourcing project as it can determine the success or failure of the entire project. While picking your outsourcing partner, it is important to study:
- Industry experience
- Knowledge of relevant tools & software
- Certifications and accreditations
- Customer testimonials and reviews
- Security & compliance
- Flexibility and scalability of solutions
Partnering with a sourcing agency for P2P Reporting tasks can bring about a range of benefits like:
- Streamlined processes: Benefit from a deep pool of accountants, optimised processes and intelligent technology to run a streamlined reporting function with high levels of accuracy.
- Timely, accurate reporting: Generate dynamic, timely and easily digestible reports to conduct in-depth business analysis and make better-informed financial decisions.
- Infinite scalability: Overcome business peaks & troughs by setting up a flexible team of data experts and eliminate additional costs involved in hiring full-time data scientists.
Ever since its inception in 2003, QX has been providing all kinds of P2P services, including reporting to clients in the UK & US. We work with businesses of all sizes, spread across industries like PBSA, recruitment, manufacturing, wines & spirits amongst others.
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