Accounts Payable

Standardize AP practices, implement intelligent automation and achieve process excellence with outsourced payable solutions

 

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.

Transform procurement with reliable accounts payable services

Improved vendor management

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.

Cost savings

Experience major costs savings by building a dedicated team of accounts payable experts at a fraction of the onshore cost.

Electronic Control

Get top-level and in-depth visibility in your AP with dashboards and reports personalized to meet your specific business needs.

Back Office Control

Improve your financial back office operations by automating tasks, storing data efficiently, filtering out duplicate bills and monitoring AP spends closely.

Transformation and automation support

Expert advice, consulting and support for process reengineering/optimization, technology upgrade, centralization solutions and automation plans.

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Accounts Payable Solutions

Our services are designed to help you better understand and control your expenditure. We offer a high accuracy rate, ensuring a smooth accounts payable process that allows you to focus on higher-end tasks.

Vendor ACH set-up and maintenance
Vendor bill posting in line with financial policies and checks
Maintain the vendor ledger and records
Maintain details of authorized and disputed bills
Vendor statement reconciliation
Establish necessary controls in place throughout the process
Vendor payment run: ad hoc/weekly/monthly runs, including international and faster payments
Helpdesk – Dealing with chasers, vendor queries and escalating issues

QX Success Stories

Read how QX enabled AP transformation for clients:

Improved financial reporting through process standardization and group budget template
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Accounting solutions to reduce costs by 50%, improve operational control and optimize management reporting activities
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Software Abilities

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.

Proprietary software

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.

Resource Zone

Explore more to gain insights into accounts payable processes and outsourcing

3 accounts payable problems hurting your business

A reliable accounts payable function is important for long-term success of any business. Remove these barriers to make way for a seamless AP process.

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Why should you outsource your accounts payable function?

By outsourcing accounts payable functions, your higher management can reap significant benefits.

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What to look for in your accounts payable partner

Before choosing an accounts payable outsourcing provider, you should ask these questions to ensure you're getting value for money.

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Partner with QX to transform your accounts payable process.

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