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Delivering Superior Accounts Payable Outcomes
We provide accounts payables solutions through an operational, controls and compliance framework that improves business efficiency and statutory compliance.
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Accounts Payable Services

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.

Cogneesol's flexible, industry-specific, and innovative accounts payable services offer customers the ability to convert their processes into such a system. Our accounts payable outsourcing services are comprehensive and qualitative in nature that can be matched by a few in the industry.

"Cogneesol automated our Accounts Payable process, thereby eliminating most of the paperwork. We are lighter now!"

- A Real Estate Business, Sydney, Australia

Our Accounts Payable Outsourcing Services

  • 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
  • Recommendation of early payment of supplier invoices where attractive cash discounts are available
  • Usage of documentary credits for 'account direct' payments on the basis of advice from your bank
  • Preparation of credit or debit notes wherever required
  • Maintenance of records for accounts payable
  • Preparation of vendor account statements
  • Reconciliation of vendor account statements with your books
  • Analysis of unbilled supplies, open PO commitments etc.
  • Provision of summaries (by age, segment, etc.) of amounts you owe your vendors
  • Analysis of supplier price trends and purchase history
  • Preparation of instructions for disbursements of supplier payments due through checks or direct transfer, following treasury approval, followed by the transmission for dispatch after signature

We Support Multiple Accounting Software

With expertise in every accounting software and platform, our team of highly skilled professionals offer fast learning curves and swift implementation of solutions.
Accounting back office services using QuickBooks
Outsourcing Accounting Services using NetSuite
Quicken finance and accounting Software
Sage Accounting Services
Xero Accounting Services
MYOB accounting
wave accounting
Intacct accounting software
Simply accounting by sage
Microsoft Dynamics
SAP solutions
Yendo accounting
Less finance and accounting
Acclivity Small Business Software
Bill software
Peach tree accounting software

Every Business is Unique. Find Out How We Can Help Yours.

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Our Key Differentiators

Our Expertise in Accounts Payable Services

Today accounts payable is not just restricted to mere transactions only but has proved to be a base for enhancing business relationships and image.

We promise to provide you with transparency and greater control, deliver bottom-line savings, drive efficiencies through standardization, optimizing operating costs and working capital, enhancing value for your business eventually.

We have an in-depth understanding of the needs of customers in various industries, in addition to extensive experience, and have developed our services based on that. In a nutshell, our accounts payable outsourcing services are cost-efficient, flexible, dependable, and quick to implement and have been developed through the integration of many technologies.

Our Resources

We help our clients navigate from where they are to where they aspire to be through our always-on learning agenda in the form of client stories and blogs covering the latest industry trends.
LATEST BLOG
Boosting the Accounting Function: A Guide for Restaurant Owners

Boosting the Accounting Function: A Guide for Restaurant Owners

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CLIENT STORY

Bookkeeping for a Healthcare Recruitment Company

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LATEST BLOG
6 Tips to Avoid Burnout During This Tax Season

6 Tips to Avoid Burnout During This Tax Season

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CLIENT STORY

Financial Accounting for a Law Firm

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Case Studies

All Case Studies

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LATEST BLOG
Want to Add Value to Your CPA Firm? Accounting Outsourcing Can Help!

Want to Add Value to Your CPA Firm? Accounting Outsourcing Can Help!

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Client Testimonials

It is always a pleasure to learn that the work we do has positively impacted our clients and that they are happy to share their experiences.

Get in Touch With Us

We combine deep industry experience and expertise to build finance and accounting solutions that will make your organization future-ready for scale and new technologies. Have specific questions, or want a guided tour of our services? Get in touch with us!
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