Managing Payables is normally a difficult task and has an effect on profits. Companies spend huge amounts of money every year to process invoices, perform reconciliations and respond to vendor queries. If the payables management is not effective, a company has to bear the additional cost of penalties, bundled with duplicate payments and rework.
SBS facilitates a strategic process from the generation of a purchase order to the clearance and payment of invoices. Our approach outlines a transformation from a paper based, labor intensive process into an efficient, automated function. Our procure-to-Pay service portfolio includes:
Purchase Accounting
Manual Invoice Processing
Payment Process
Vendor Master Maintenance
Three Way Matching & Reconciliation
MIS & Reporting |
With an increased focus on cost reduction and improved fiscal management, executive management teams are realizing the benefits of an effective accounts payable process.
The SBS Advantage
Talent pool with Domain Expertise of Payables Management
Accurate and Timely settlements of Invoices to vendors
Real-time tracking and reporting of all payables
Improved productivity with Cost Effective processes
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