In the ever-growing competitive environment, Cost, Time and Resource , are prime factors for Individuals or a Company’s success. Reduce Cost Center’s, More Time in Hand, and effective resources are buzz words. Konnect’s 360 degree Accounting Services provide exactly that, providing you with generous amount of time to spend on Strategies, with Low cost and effective analytical tools- such as Managing your Accounts in a Cost effective and JIT manner, and serving you with Value Added MIS Services.
We Study, Analyse and Recommend. We understand your exact needs- by going through your data, analyse and consult the right solution- The Custom Solution.
Based on your requirement we bring to you a wide variety of Services:
- Accounts payable services
- Accounts receivable services
Once the process is completed the invoices are filed as “normal” in General Ledger. Konnect performs disbursements and therefore the hard copies are stored at our facility & the e-images are visible online.
Accounts Payable Process in detail
- Data Capture
- Data Processing – Exception Management/Resolution
- Suspect Duplicate Analysis
- Disbursement Services
- Other Accounts Payable Outsourcing Services
Preparation of Bills (as required by TAD) and mailing on approval by the client Record and account for revenue Entering receivable transactions into the accounting system (software) Preparing and delivering periodic statements to the client Issuing of credit memos and refund checks approved by the customer Maintaining subsidiary receivables ledger Carrying out process adjustments approved by the customer Applying cash received to customer accounts and resolving short pays Preparing accounts receivable reports Accounts receivable deductions management (AR deductions management) services.
Accounts Payable Services Process
Step 1: Invoice Receipt- Receive Invoices & Electronic invoices
Step 2: Image and Data Capture- Documents stored as images and all the invoice images will be viewable
Step 3: Process and Route- processed and are routed to the relevant customer executives for approval
Step 4: Disburse and Archive- uploaded to the customer’s A/P system for Payment.
Accounts Receivable enables our customers to effortlessly deal with this key finance function that impacts cash flow and is so essential for maintaining a strong and vibrant business. Enabling our customers to increase their control on every account with consistent follow-up on outstanding invoices, and extensive reporting on account activity, our Accounts Receivable Services facilitate quicker payments and improved cash flow.
Konnect provides a wide spectrum of Accounts Receivable Outsourcing Services and offer our global customers the choice and flexibility to outsource all or part of their accounts receivable functions to us. Our Accounts Receivable Services cater to customers all over the globe, including customers in the UK and the USA.