QX accounts payable outsourced service delivers process excellence, standardised practice, and smart application of automation. We will help you improve and streamline working capital management and bring visibility to your financial liabilities through our service. QX will support your agency by bringing efficiency to your process, streamlining numerous tasks, including invoice scanning, matching, authenticating, and approving. Even if you receive invoices in different formats (paper document, email, fax), our offshore accounts payable team will consolidate these incoming invoices and ensure they are processed through a singular connection.
Through our service, your organisation can explore new opportunities around cost savings, elevating compliance levels, strengthening controls and build smoother long-term supplier relationships.
Benefit from the industry expertise of our offshore team to improve efficiency and achieve timesheet processing accuracy rate of 99%+ with quick TATs
Experience cost savings of up to 50% by outsourcing your pay & bill to a dedicated team of trained accountants
Set up a team of skilled accountants that process more than 1.65 million timesheets every year to gain an in-depth business understanding and deliver better value
Get access to customised tech stacks, automate processes and implement cutting edge accounting platforms for your business seamlessly
Gain access to detailed financial reports (customised to your needs) and insights to drive smarter business decisions using PowerBI and Tableau.
By moving to an outsourced supplier, we’ve had consistency of service, scalability and ability to change things quite rapidly which previously we didn’t have. What we’ve moved to with QX is that we’re using their expertise & knowledge to help us look forward to develop so we can grow and we can grow in a controlled manner using the best processes that are fit and proper for our industry.
I have been partnering with QX Global for the last 2 years now and it has been one of the best business decisions I have ever made. Since we offshored a number of our services and roles, we have achieved greater efficiency, added high quality personnel to our team, and ultimately been able to provide a better service to our customers. QX have shown us friendship, professionalism, and loyalty, they are part of the DNA of my firm now, we are fully aligned in our operating models.
Here are some of the most frequently asked questions around Accounts Payable 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!
Businesses that make a high volume of purchases need to process bills efficiently. One of the first wake up calls for any business to consider AP outsourcing is if you are seeing too many errors, your operational costs are rising, or if you are finding it difficult to recruit and retain payables staff.
In addition, if you are also unable to gather data on vendor spends, losing out on potential volume rebates or struggling to maintain healthy supplier relationships, accounts payable outsourcing may have a positive impact on your business.
Manual, paper-based accounts payable processes can end up dragging down a company’s finance function – draining onshore resources and taking the focus away from strategic tasks. An experienced accounts payable outsourcing partner can give your business access to the right people, process and platform. This in turn, can bring about a whole range of benefits such as process optimisation, technology implementation and reduced operational costs.
Accounts payable is a key finance function that impacts supplier relationships and cash flow of businesses of all sizes, across industries. While startups usually consider AP outsourcing to eliminate costs involved in hiring AP professionals, SMEs look for such solutions to overcome business peaks & troughs and add scalability to their accounting functions.
In the traditional sense, outsourcing has often been associated with reduced business control. This can hurt businesses significantly, especially in cases where key functions like AP are involved – which is why, choosing the right outsourcing partner becomes the key. It is important to outsource AP to a partner that acts as extension to your onshore team rather than serving as a pick and dump. QX follows a unique partnership approach that allows us to devise customised solutions for our clients and ensure that you lose the cost and not the control.