What do we do?
- Process mapping to identify any control gaps
- Review agreements and contracts to prepare a checklist for control purpose
- Verify bills and invoices with documented terms and conditions
- Make accurate deductions of any taxes and full utilization of tax credits
- Process of invoices for payment as per the agreed credit period
- Identify and resolve issues related to Accounts Payable
- Periodical reports containing vendor’s ageing, debit balances detail etc.
- Provide Periodical Reports containing vendor’s ageing, debit balances details, etc
- Provide near to accurate figures of provision for expenses at month’s end.
- Reconcile vendor’s account at regular intervals
- Prepare spend analysis report of important expense heads