Accounts Payable services
In this competitive business world, maintaining a strong relationship with the vendors is a must-have. Vendors are one of the very important players for a company’s success and Velan is aware of that. Accounts payables can affect your vendor relationships, and cash saving policies which will in turn have a direct impact on the overall profitability of your enterprise.
Velan has efficient AP services to optimize your working capital, enable long-term affable vendor relationship, and uphold initiatives for cash savings to maximize profits. Velan’s accounts payable services combine state-of-the-art technology, analytics, and transformation solutions to obtain accurate results. Velan accounts payable services encompass end-to-end AP process. Our skillful team can provide complete solution to the AP process.
Velan’s Accounts Payable services
facilitates customers success by rendering key benefits, like:
- Changing the A/P (P2P) unit into Profit Center.
- Increasing Productivity.
- Decreasing Processing Costs.
- Increasing customers’ Working Capital through Better Management.
- Better Internal and Regulatory Controls.
- Invoices are made visible 100% within one day.
- Quick period closes, approvals, and rendering thorough reports on accruals.
- Manage critical cash flow trends.
- Identify opportunities to consolidate suppliers and achieve greater cost savings.
- Avoid paying late penalties and jeopardizing your credit rating.
- Utilize vendor discounts.
- Implement standard operating procedures for handling vendor payments.
- Make on time vendor payments.
- Prevent duplicate payments.