Invoice Processing Just Got Easier!

Posted on May 16, 2014

If you own a B2B or a B2C business, then you will know how essential invoice processing is. With errors or inaccuracies in your invoice amount, you could be putting your business at a risk, with a low score in customer satisfaction metrics.  Having said this, if invoice processing is not one of your areas of expertise, then it is difficult to accurately measures issues like the exact volume of invoices processed in a month or the number of hours taken to process the invoices. Only with accuracy in such issues, can you gain a high customer satisfaction score and put your company on the road to success.

The easiest and smartest way to expertly handle your invoices is to simply outsource invoice processing to India. Just think of the benefits. Not only can you save on your overhead cost, but you can save your company the trouble of investing in expensive invoice processing software and hiring skilled personnel to do the job. Outsourcing will give you access to a dedicated team of invoice processors with expertise in using the latest invoice processing software in the market. This way, you can take advantage of accurate invoices every month, minus any investments or effort.

The Outsourcing Process is Simple

  1. Your service provider in India receives your invoices and verifies the data to make sure that it is accurate
  2. An invoice processing software is used to efficiently capture all your invoices (Paper/ electronic)
  3. The software is then used to translate each invoice and classify the required information
  4. The data from the invoices is then directly imported into your accounts payable system, via FTP
  5. The invoice processing process is complete and you can be confident that there zero errors in your invoices

Through the use of invoice processing software, the entire process is streamlined and seamless, ensuring that your invoices are free from inaccuracies. If you choose Flatworld Solutions as your service provider, you can avail the flexibility of multiple accounts payable file formats. Even XML is supported by Flatworld Solutions.

5 Advantages of Outsourcing Invoice Processing

  1. Leverage the skills of trained invoice processing experts who have the capability to process a large amount of invoices within a short turnaround time
  2. Benefit from a drastic improvement in your performance and reduced costs
  3. Be assured about the security and confidentiality of your invoices with stringent audit controls
  4. Put an end to errors in your invoices and enjoy the benefits of accurate invoices every month
  5. Get weekly/daily reports of the invoices that are processed and the current status of your invoices

Are you ready to leverage the benefits of outsourcing your invoices? Contact us to get started.

Have you outsourced any other accounting service like bookkeeping, payroll processing or tax preparation? If yes, how did it go? Let us know your views about outsourcing by leaving a comment in the box below. We, at Flatworld Solutions love to hear from you!

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