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Accounts Payable Services: Improved efficiency at Lower Costs.

StylusAP is capable of transforming your Accounts Payable Management. It shortens the AP cycle, improves accountability and reduces cost and effort to your organization. Don't invest in non - core activities, outsource it instead! Investing money in technology for non-core functions doesn't make much business sense. The benefits of automating non-core functions are attractive, but investing in them is not such an interesting proposition.

StylusAP's Accounts Payable Services offering has not only proven itself by improving the AP process capability, but reduced costs significantly. The approach of documenting existing process and migrating to an automated accounts payable system has been the primary reason for process improvement. Thereafter remote offshore management of AP has resulted in sharp cost efficiencies.

At StylusAP, our objective is not to just do BPO, but to impact the bottom-line by streamlining the accounts payable management. This could mean walking alongside managers, analyzing data and workflows to spot bottlenecks. When you decide to work with StylusAP, depending on the nature and magnitude of your work, we will assign you with AP Clerks on a Full Time Equivalent Basis (FTEs). The number of AP clerks assigned to a project would depend on your demand. The AP clerk would report to an account manager, who would own the project. The account manager would be your point of interaction. So, you don‘t have to worry about interacting with a sea of unknown faces! The account manager will keep you updated and in turn, convey your concerns and expectations to the rest of the team.

AP Clerk

  • Equivalent to your full time employee on site
  • Puts in 160 hours of work every month
  • Dedicated to your account
  • Follow-up with vendors for statements
  • Monthly Vendor reconciliation
  • AP Performance monitoring
  • Periodic AP Reports

Account Manager

  • Co-ordinates between the AP Clerk and client
  • Manages and communicates the productivity on a weekly basis
  • Responsible for holding weekly client calls
  • The account manager is available for escalation pathways
  • Ensures smooth transition of process from client to offshore location

Full Time AP Clerk

  • 160 Hours of dedicated work per month
  • Dedicated to your account
  • $ 1199 per month
  • Handles up to 1000 Invoices per month

Half-Time AP Clerk

  • 80 Hours of AP services per month
  • Dedicated to your account
  • $ 649 per month
  • Handles up to 500 Invoices per month

Features

Data Capture

  • Receipt of hardcopy or electronic invoices
  • Indexing and archiving of invoices
  • Audit and reconciliation of scanned invoices
  • 100% availability of scanned invoices

Data Processing

  • Customized invoice processing
  • Resolution of mismatched invoices
  • Follow up and resolve problem invoices
  • Routing of invoices for approval and final resolution
  • Document audit trail

Invoice Entry

  • Manual and computerized data entry
  • Three-way database matching
  • Electronic invoice processing
 
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  • Reduced operational costs
  • Save costs without capital investment
  • Increased departmental efficiency
  • Reduced invoice processing cycle
  • Access to latest web-based imaging technology, best industry practices and trained staff – with no capital investment
  • Real-time tracking and reporting of all payables
  • Increased control, accountability, and precision in the AP process
  • Better business intelligence with timely and relevant reporting to upper management
  • Reduced invoice discrepancies and disputes
  • Stronger vendor relations
  • SOX compliance and easily accessible audit trail
  • Greater focus on core competencies