What is Invoice Processing Services?

Invoice processing is a special and dedicated service that has a significant impact on the business. It covers every type of invoice, with regard to aspects such as verifying the terms of items, the quantity and the rate at which the invoice is raised to the customer, receiving and recording the timing of payment against the invoices raised, mapping the bills vis-à-vis their PO and ensuring the two are in synchronisation, reconciliation of the amount received on a bill-to-bill or party-wise basis, and ensuring that payment is received in due compliance with the payment terms.

How is making us a part of your business beneficial to you?

Invoice processing is one of the most vital tasks any business undertakes. The lifeline of any business is its sales strength, but sales departments often have neither the time nor the precision required when it comes to raising invoices to customers.

An expert does it best, and it is no different with invoice processing. When this task is outsourced to us, it ensures that:

1. Your sales staff has more time to concentrate on sales.
2. When the sales staff concentrates more on the business, it supports business growth and profit.
3. Your invoices are processed by dedicated professionals.
4. Invoices are processed within the timeline, ensuring timely mapping and reconciliation of collection, due maintenance of your database and accurate invoicing in sync with the PO.
5. Correct and accurate invoices ensure that your reputation with your clients is upheld.

We also provide customised, timely reports on collection, ageing and payment modes, along with reminders, if such a service is sought by you.

How can we help you?

We can help by providing the services listed below. All of them can be customised to suit your needs.

• Invoice creation
• Invoice mapping with the PO
• Invoice collection
• Reconciliation of the collections
• Ageing of the receivables
• Management reports on collections made, the mode in which they are made, the time frame of collection and trade discounts allowed
• Analysing the credit period to be allowed to various debtors
• Ensuring due adherence with the sales policy and PO
• Eliminating the error of non-collection and short collection
• Reducing the chances of various frauds, including teeming and lading
• Receipt creation

Wrapping up

The above is an illustrative list of the benefits that can be derived from making us a partner in your business and outsourcing the task to our professional experts. The benefits can be further enhanced and customised as per your requirements. For any further clarification feel free to contact our experts at cs@bkcprohub.com.