TRANSACTION SUPPORT SYSTEMS
We provide business support for management of Receivables and Payables. We can assist you in ensuring that your incoming revenues and your outgoing expenses to vendors are organized and aligned on an ongoing basis.
Includes
Twelve hours of AR and AP work (supplemental work is available at an additional charge).
Details
Accounts receivable services
- Billing preparation (as required by TAD) and mailing after customer approval
- Record and account for revenue
- Entering receivable transactions into the accounting system
- Preparing and delivering periodic statements
- Issuing of credit memos and refund checks approved by the customer
- Maintaining subsidiary receivables ledger
- Carrying out process adjustments approved by the customer
- Applying cash received to customer accounts and resolving short pays
- Preparing accounts receivable reports
- Accounts receivable deductions management (AR deductions management) services
Accounts payable
- Exception Management/Resolution: Resolution and proactive management of exception transactions. This includes: approval and exception routing, shortened month-end closing process and documented audit trail
- Suspect Duplicate Analysis: Audit and control mechanisms to eliminate the risk of duplicate payments and support recovery and reclamation through manual and automated data entry, three-way database matching and electronic invoice processing
Please note all above comes with 24x7 customer support and a minimum 6-month contract is required. We can provide a 2% discount for a 1-year contract, a 5% discount for a 2-year contract, and a 10% discount for a 3-year contract.
