Are you losing your key suppliers due to an inadequate tracking system of recording the due dates for payments? Do you find that you are not able to avail the benefits offered by suppliers in terms of discounts offered for early payment? If these are regular problems faced by you, then you certainly need to […]
Accounts Payable (AP) is the amount of money which a firm is supposed to give a person or a company that provides them with goods or services. Therefore, it is quite significant to manage these accounts smoothly and efficiently, which can be provided by Accounts Payable Outsourcing which is a service provided by Offshore Accounting […]
How is the success or failure of a business judged? Profits. There are two main factors that affect the profits of a company the money that comes in and the money that goes out. Accounts Payable deals with the second part. Accounts payable deals with the money that the company has to pay to various […]
Handling and managing accounts payables (AP) is barely considered a core business function. Unfortunately, most real estate businesses focus more on marketing strategies and making sales than managing accounts payable properly. However, poor management of the process can ruin a businesses’ relationship with vendors and limit its access to credit facilities. So, what are the […]
In recent years business owners are under incredible pressure to trim costs of finance and accounting departments to boost productivity, increase profitability and assign strategic value to it. Accounting outsourcing is often looked as the source to achieve significant cost savings without compromising on the quality of work. One of the areas that businesses have […]
In today’s competitive business where information is required on your fingertips, Accounts Payable management is one of the most essential tasks for businesses. Lack of it will reflect poorly in vendor relationship, cash saving policies and working capital, eventually affecting the overall profit. The option of accounts payable outsourcing services can be favorable for your […]
Looking forward to transforming your accounts payable department into a profit center? Here’s something that you need to do!
In the present scenario, business centers are being constantly faced with a challenge to extract the maximum out of their available financial resources. In order to do so, many are resorting to cost cutting as well. However, the thing about cost cutting is that, if done in an incorrect manner, it can mean an impending […]