Accounts Payable Outsourcing

Businesses today are frequently being challenged constantly to reduce costs, to drive productivity and to improve process efficiency. Our innovative accounts payable outsourcing solution helps customers transform their accounts payable processes into a semi-automated system, driven by business rules. This results in lower processing costs, improved controls, higher service levels and higher business intelligence.

OHI is a specialized finance and accounting outsourcing service provider since 2006, providing skilled and experienced accounts payable specialists at economical rates. High expertise in QuickBooks, Xero, NetSute, Yardi (Genesis and Voyager), AppFolio, Timberline and Microsoft Dynamics. Our ap outsourcing services are used by 300+ businesses across sectors like real estate, construction, logistics & transportation, retail, manufacturing, IT firms and CPA firms.

Key Benefits
  • Lower processing costs through a combination of technology and outsourcing
  • On time payment eliminates late fees and generates early payment discounts
  • Complete visibility to invoice status, open invoices, paid invoices through a variety of reports
  • View co-relations between checks issued & invoices that have received payment
  • Systematic record of all invoices for audit purposes
Our Credentials
  • 300+ clients served across North America in all major states
  • High client satisfaction – Most of our clients have been with us since 8+ years
  • Senior management team with rich outsourcing and management experience since 2003 in global companies
  • Staff with at-least six years of accounts payable outsourcing experience
  • 99% accuracy rate, quick turnaround time
  • High AP outsourcing expertise including 2 Way (PO) and 3 Way (PO and Packing Slips) Invoice Matching, Multi-Item Invoice entry, and other complicated AP processes
  • Strong process documentation, detailed invoice entry with proper descriptions
  • Strong quality check procedures
  • Only Accountants perform accounts payable duties ensuring higher accuracy, consistency and completeness of work
  • OHI processes more than 15,000 invoices monthly
  • Spacious office set-up with modern facilities and uninterrupted power supply

Please email sales@outsourcinghubindia.com or call 1- 646-367-8976 for a customized NO OBLIGATION analysis of your accounts payable process.

Our Services

Our teams of accounts payable specialists and accountants have deep experience in accounts payable outsourcing and disbursement processes. OHI processes hundreds of invoices daily across real estate, logistics, online stores, IT companies, construction companies and multiple other businesses. Our accounts payable services are performed with high accuracy and detailed processing by qualified accountants. OHI does not use non-accounting staff to perform AP activities.

  • Entry of invoices and payments
  • 2 way/3 way matching of purchase orders with invoices and goods receipts/packing slips
  • Allocation of invoices against right job, property or department (for construction and real estate clients)
  • Processing of utility bills in the accounting software
  • Ageing of payables and tracking of payables
  • Weekly Check-run Processing (Only in Accounts Payable Manager Role)
  • Regular accounts payable reporting
  • Entry of Credit Card and Debit Card transactions
  • Travel and Entertainment (T&E) expense reimbursement processing
  • Accurate and timely vendor reconciliation
  • Set-up of new vendors in vendor database
  • Tracking vendors and sub-contractor records for ensuring compliance to workers insurance and other statutory requirements
  • Vendor coordination and handling vendor queries (only in Accounts Payable Manager Role)
  • Issue of 1099s to vendors (only in Accounts Payable Manager Role)

Software Expertise

SOFTWARE
EXPERTISE LEVEL
QuickBooks (QB) (QB Pro, Premier, Enterprise and QB Online)
High
Xero
High
NetSuite
High
Real Page
High
Great Plains (Microsoft accounting software)
High
Yardi
High
Sage 300
Medium
Sage 50
Medium
Appfolio
High
MRI
High
Avidxchange
High
Easy Accounting
Medium

Pricing

Hourly Charges

$11 per hour

Onwards

Accounts Payable Specialist

$1500 per month

160 hours dedicated monthly staffing

Accounts Payable Manager

$1900 per month

160 hours dedicated monthly staffing

Client List

1. A vertically integrated, full service real estate company based out of Bellevue, WA. They specialize in commercial properties. The firm has developed and built in excess of 81 properties and have more than 10,000 units under management.

2. A midsized real estate property management firm based out of Beverly Hills, CA. The firm manages over 50 properties, across 9 states, encompassing over 1200 tenants and nearly 1.5 million square feet.

3. A well-known construction and development company in Canada specializing in construction and development of high rise concretes. It is a mid-sized firm and one of British Columbia’s most experienced and respected developers.

4. A construction company in Aspen, Colorado providing general contracting, plumbing and property management services.

5. A 100 year old moving and storage company headquartered in Colorado with multi-state operations. The firms’ revenues are about 50-75 mn and has about 250 employees.

6. A mid-size data warehouse consulting and engineering firm based in OH. They build new data warehouse solutions, optimize existing environments, and offer an outsourced service for point of sale data analysis.

7. A large CPA firm based in Northville, MI. The firm has clients from virtually every business sector from around the US.

8. A mid-sized full service tax firm based in Chicago, IL. The company has a successful track record and is a leading national provider of tax resolution, tax preparation, bookkeeping and accounting services.

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