AP & AR are one of the most important and critical processes in every industry. IBN’s mission is to help organizations manage their business approach efficiently and more profitably by providing accounts payable and accounts receivable services at cost-effective and high-quality standards.
When it comes to buying goods and services, businesses face huge, expenses. Any flawed accounts payable entries or process may result not only in financial inaccuracies but can also impact overall business cashflow. By outsourcing AP / AR services, our clients see massive improvements in their financial process, that create a positive impact on their organization(s).
IBN provides Purchase to Pay Services (P2P), Order to Cash service (O2C) and Record to Report (R2R) Services as per client’s requirements via clearly defined SOPs and within agreed timelines along with well described SLAs in place.
Accounts Payable
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P2P (Purchase to Pay)
- Create Requisition
- Create PO
- PO authorization
- Sending authorized PO to the requester
- Receipt of Invoice
- Invoice approval
- Posting of Invoices in the accounting system
- Pay the invoices
- Supplier Reconciliation
- Payment Process
- Handling Supplier calls
Accounts Receivable
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O2C (Order to Cash)
- Quote Order
- Process Order
- Fulfill order
- Invoice customer
- Receive and apply cash
- Manager credit and collections.
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R2R (Record to Report)
- Risk management
- Budgeting & forecasting
- Management Reporting & Analysis
- General accounting & reconciliation
Quick Connect With Us
INDUSTRY FOCUSED SERVICE
IBN’s broad experience and expertise in finance and accounting services is sure to meet any of your needs related to accounts receivables and accounts payable. Our processes help you to accomplish the most optimized outcomes. The range of industries served by the outsourced AP / AR experts at IBN include, but is not limited to:
- Automotive
- Banking & Financial Services
- Capital Markets
- Chemicals
- Consumer Goods
- Healthcare – for Payers & providers
- Hospitality
- Insurance
- Manufacturing
- Media and Entertainment
- Recruitments
- Restaurants
- Retail
- Telecommunications
- Transportation and Logistics
Expertise
- Professional and expert accounting team with focused experience across multiple finance and accounting services including AP / AR.
- Qualified 5-year bookkeeping Graduates, CPAs, Chartered Accountants, CFAs, CMAs, and so on.
- Certified team members on all significant bookkeeping software, IFRS and GAAP.
- Offshore Team is driven by US and UK Account Manager(s). Account Manager(s) are industry experts with a wide exhibit of practical skill and area exposure.
- Xero
- Wave
- Certified Intuit Point of Sale Pro-Advisor
- Qualified Intuit Pro-Advisors
Certification
Operation and Infrastructure
Operation
Our offshore supported operation highlights incorporates:
- Dedicated Onshore and Offshore Account Manager
- Business Continuity Planning
- Round the clock operations and quick turnaround time
- Low cost of running noncore activities under more controlled environment
- Daily / Weekly Operational Calls, Monthly BSC, SLA achievements, etc.
Infrastructure
IBN is equipped with a variety of software platforms implemented on a robust, safe and secured infrastructure comprising premium networking equipment and connectivity links.
- Secure, ultra-modern office space with the facility to scale easily and on-demand
- High speed, reliable fiber optic, redundant dedicated lease lines internet connectivity
- 24/7 failsafe power supplies with instant backup
- State of the art network equipment for better monitoring and security
How it Works / Transition Methodology
IBN Tech is an ISO 9001:2015 and ISO 27001:2013 certified company and follows strict compliance measures in all it's processes.We ensure that all risks ought to be limited for customers wishing to move their business processes offshore. Our methodology involves three major steps of:
- Transition
- Engagement
- Delivery
This professional approach is based on a project management philosophy supported with a set of highly safe and secure tools and techniques taking care of data management, work flow and communication - the three critical pillars for effective and optimized project execution.
