Processing of the commercial document (invoice) on time enables the firm to pay vendors on time and avail discounts thereby earn revenue. Below are the solutions that Velan provides.
Posting of commercial documents in accounting platform
Once invoices are received at our end, we will post the same in accounting system by making ledger entries. We will also make sure that all postings are done seamlessly. Types of Invoices for processing includes PO Invoice / Non-PO Invoice / Freight invoices / Utility Invoice /Check request.
Special requests and concurrent expenses
Apart from regular invoices we also process the Special requests from the concerned departments and travel reimbursement claims. We ensure that we maintain the confidentiality of the personal and credit card details of the employees who claim their travel at all times.
Concur & Invoice
We make payment to the vendor as per approval by selecting the appropriate bank. We also post the bank entries for these payments. After making payment entries in accounting system, we allocate the documents against these payments.
You can avail the following benefits on using our solutions
- Improve accountability with increased invoice visibility.
- Boost the cash yield and leverage early payment discounts.
- Working capital optimization to improve an organization's ability to pay on time, and enable better price negotiation and cash flow.