Year End Preparations

Companies have to comply with complex regulatory requirements, besides trying to achieve the maximum possible value from expenditures and to reduce costs as far as possible. Higher business intelligence, better service levels, better controls, and lower costs of processing can be attained through automated systems based on business rules.

• Accounting System's Updates Through
  • Invoices from suppliers
  • Evidence regarding services/goods receipt
  • Purchase orders
• Invoice Processing Services
  • Verification and approval of bills from suppliers, after matching with services/goods receipts and purchase orders.
• Escalation or Alerts for Instances Related to
  • Issuance of purchase orders without budget or authority
  • Acceptance of services/goods by persons who are not appropriately designated
  • No evidence of services/goods delivery against supplier bills
  • Vendor purchase orders not matching supplier bills
  • Incorrectly computed supplier bills
• Resolution of open issues through follow-up of escalations/alerts
• Updating of the system for accounts payable by processing supplier bills