Outsourcing - Procure to pay process - PowerPoint PPT Presentation

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Outsourcing - Procure to pay process

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Outsourcing is a global automotive market. Its evolution brings the companies an edge to reap the best benefits out of cash on-hand. It helps in optimizing internal processes of the company. – PowerPoint PPT presentation

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Title: Outsourcing - Procure to pay process


1
Outsourcing - Procure-to-pay process
  • Outsourcing enables the company to take best
    advantage of the cash on-hand optimize internal
    processes at their best level.

2
How it works wonder
  • By hiring expertise
  • With an access to state-of-the-art technology
  • Boundaries are no barriers

3
Commonly Outsourced ACCOUNTING Processes Are
  • Payroll Accounting
  • Accounts Payable
  • Accounts Receivable

4
Two Key Characteristics of Excellent Outsourcing
of A F Services
  • Simplifying process
  • Standardizing functioning

5
Inclination of A F is Towards VALUABLE
FUNCTIONS
  • Begins from BASIC TRANSACTIONAL process
  • Goes onto STRATEGIC FUNCTIONS (like budgets,
    forecasts internal audits)

6
Benefits of outsourcing Financial Accounting
project
  • Cost savings
  • More efficient processing
  • Upgraded technology used
  • More information
  • More services
  • More cash
  • Reduce the cycle to close financial book
  • Controlled budget
  • Less errors
  • Rise in quality

7
How Companies Hiring Outsourcers Utilize Its
Benefits
  • Develop better benchmark
  • Set better baseline for regulatory needs
  • Expand the scope
  • Clear understanding of where spending
  • Improve policy compliance
  • Time to focus on core competencies

8
Contact Us
Website http//www.vertidigm.com Email Id
info_at_vertidigm.com Contact No
323-243-1750 Address 445 S. Figueroa
St Suite 2600-2700, Los Angeles Ca.
90071
9
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