Accounts payable processes have a huge impact on a company’s cash flow, working capital and vendor relations. However, many businesses still rely on paper bills and checks, leading to increased operating costs and frequent errors. A costly and inefficient accounts payable process can end up being a liability for your business.
QX delivers high processing accuracy rate and decreases costs through process optimization and strategic use of automation. Through our services, your organization will be able to exploit new areas of cost savings, improve management of working capital, and build better vendor relationships.
Payments timed to optimize spends and to gain maximum vendor discounts. Improved vendor relationship with reduced Days Payable Outstanding, higher accuracy, and faster query resolution.
Experience major costs savings by building a dedicated team of accounts payable experts at a fraction of the onshore cost.
Get top-level and in-depth visibility in your AP with dashboards and reports personalized to meet your specific business needs.
Improve your financial back office operations by automating tasks, storing data efficiently, filtering out duplicate bills and monitoring AP spends closely.
Expert advice, consulting and support for process reengineering/optimization, technology upgrade, centralization solutions and automation plans.
Read how QX enabled AP transformation for clients:
The QX team works with industry-standard software to streamline accounts payable functions for clients. Additionally, we can incorporate any additional systems in our services to suit your specific business needs.
We can work with your existing PO system or use QX’s proprietary PO system to streamline your accounts payable process. For companies that do not already have a reliable software in place, these alternatives enable us to rapidly digitize and optimize the accounts payable processes.
Explore more to gain insights into accounts payable processes and outsourcing
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