Accounts Payable and Receivable With Approval Matrix
IBN offers the Accounts payable and accounts receivable services to various value added industries.
Wilmington,Delaware, October 9, 2015 (Newswire.com) - The accounts payable process involves the checking of a huge amount of detail in order to guarantee that only the real and accurate amounts are entered in the bookkeeping framework.
An approval matrix is commonly a grid which shows who at the organization can endorse certain exercises and to what extent.
Accounts receivable are accounted as a present asset on the balance sheet of an organization. An approval matrix incorporates rows and columns wherein, every line characterizes a potential condition or activity.
IBN offers the Accounts payable and accounts receivable services to various value added industries.
The accounts payable process is capable of clearing the honest invoices and claims. The value based approvals are the prime business rule which needs to be addressed.
The accounts payable process with the right specifications allows a business to control and monitor the outflow of cash through their Accounts payable framework.
The accounts payable and receivable services help an organization to maintain the low cost and to manage their operations in an effective way.
IBN Technologies offers various services such as Purchase to pay services, order to cash services and record to report services as per the requirements of the clients.
The process of account receivable goes through several stages such as credit decisions, billing, and process of allocation, collections, dispute management and bad debt.
IBN offers various reporting services of accounting services such as preparation of monthly MIS, weekly P&L, accruals, prepayments, depreciation calculations and period end journals.
Managing accounts receivable and payable with approval matrix can ensure a healthy cash flow and it also helps to record the payment automatically. Handling the accounts payable and receivable process with approval matrix can help an organization to manage the accounts activities by keeping various goals in mind.
The accounts receivable is also known as aged debtors report and it shows a breakdown of the total amount due from the customers.
IBN has more than 16 years of experience in delivering cost effective services to its clients based in US and UK exclusively.
About Us
IBN Technologies
IBN Technologies Limited is an outsourcing service provider with a customer base covering the USA, UK, Middle East and India. IBN has a State of the Art Global Delivery Center in Pune, India. IBN processes are ISO 9001:2008 quality certified. In 15 years of operation IBN has evolved as leading IT & BPO outsourcing service provider in BFSI, Travel, and Retail Chains & Online Business.
Contact
Rahul Sancheti
IBN Technologies (US) LLC
108 West 13th Street,
Wilmington, Delaware 19801
Phone: +1-844-644-8440
Email: sales@ibntech.com