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.
With us on board, you get to reduce processing costs for accounts payable substantially. This eliminates your need to have any capital investment.
Efficient access to historical and current documents to reduce external and internal audit costs. This lets you utilize the same money for business growth.
Integration with enterprise-wide financial and legacy systems for a streamlined approach. This minimizes the possibility of any inaccuracy in the systems.
Electronic paper invoices for immediate access and to provide faster disputes’ resolution and audit streamlining. Also, you get protection against any accidental damage.
Assisting customers with the centralization of the function for QuickBooks Accounts Payable for a collective approach, helping us serve you better.
Our accounts payable staff is available round-the-clock to help you deal with your concerns efficiently. Take hold of our support any time you require as per your needs.
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.
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We used to suffer from huge volumes of duplicate invoices and missed vendor payments. Cogneesol streamlined our Accounts Payable process by centralizing data, eliminating data entry, and streamlining the invoice workflow. This has not only eliminated the problem of duplicate invoices but has also standardized the payment system and has regulated our working capital management, making us financially stronger and in-control of our operations.
We automated our Accounts Payable division with the help of Cogneesol’s team of qualified accountants. They came in with game-changing process improvements, including the elimination of data-entry errors with automated OCRs, the establishment of a ‘No PO No Pay’ policy, ensuring a system of timely payments, and elimination late fees. All of these have changed the face of our AP books. We are now in a great position to make strategic decisions.
Cogneesol increased our operational efficiency with timely payments and efficient management of our working capital. We are impressed with the dedication of the team and their professionalism. Most importantly, the team is professionally qualified and has the technical expertise to guide the accurate and compliant management of the payables process. Thanks to them, we have a non-manual AP function that functions seamlessly and has brought us significant cost savings.