Implementing the best practices in this report helps a company to manage its accounts payable activities with multiple goals in mind: (1) to pay invoices on a predetermined schedule of the company's choosing, (2) to ensure the accuracy and authenticity of invoices that the company pays, and (3) to process accounts payable paperwork with a minimum of handling and expense.
Regarding supplier relations, accounts payable actions inevitably impact the trust between a company and its suppliers. Whether or not a company honors its agreed-upon payment terms -- by paying its bills on time, as promised -- does more to build trust with suppliers or to tear it down than any other action the company can take. And strong relations with suppliers are important to a company because suppliers provide valuable trade credit, have ideas for new methods and products, and play an important role in customer service.
In this highly competitive world one needs to deliver the best of the quality at the best of the price. Every company now days look for new and improved procedures and options for cost cutting and cost reduction. Accounts Payable is one of the major factors that need to be taken care by the Management for taking cost reduction and cost cutting decisions. UNV Services accounts receivable management team will help you reduce processing cost, reduce late fees, better management of payables and working capital, avoid duplicate payments, Improve business intelligence, reduce invoice discrepancies and disputes.
UNV Services accounts payables services include:
- Recording Invoices
- Payment of Invoicess
- Reconciliation of Invoices
- Document Managing
- Reporting and Analysis
- Compliance with regulations and policies.