What is the solution for small businesses to improve their accounts payable and accounts receivable operations?
Offshore outsourcing Accounts Payable & Accounts Receivable operations The answer is to use an offshore outsource vendor to process all their accounts payable and accounts receivable data. They can use their existing infrastructure to send the data to offshore location securely through Internet to be processed by the offshore vendor. Each small and mid-sized business have their unique way of managing their accounts payable and account receivable departments, using an offshore provider will not change the overall operations of these departments, instead of small business personnel offshore vendor is responsible for converting all the account data from the scanned images to the accounting software or ERP system. Once you send the scanned image to your offshore vendor securely following are the typical tasks performed by the offshore vendor. 1. Use automated and manual process to extract all the data like invoice number, invoice date, and check number from the images. 2. Hardware upgrade
