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Accounts Payable Outsourcing Case Study

Accounts Payable Outsourcing

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Page 1: Accounts Payable Outsourcing

Accounts Payable OutsourcingCase Study

Page 2: Accounts Payable Outsourcing

Client Industry

A mid-sized auto-components manufacturer company was processing over 2,000 invoices annually from over 100 different vendors. The entire process was being carried out manually by internal employees. It was getting too time-consuming besides being heavily error-prone. They were looking at a solution to simplify their accounts payable process.

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Page 3: Accounts Payable Outsourcing

Business Challenges

• Large volume of contracts, invoices to be managed across multiple vendors

• Highly manual-intensive process leading to errors and cumbersome operations. Error rates reported were also a challenge

• Running this as an internal operations was not working out to be cost-effective, They were looking to outsource this activity to a capable vendor

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Page 4: Accounts Payable Outsourcing

Solution offered

• OATs offered to manage the entire accounts payable process including

⁻ vendor contract management

⁻ invoice payments

⁻ deduct TDS and issue statutory certificates

• OATS spent time to understand and document the entire vendor management and vendor contracting process.

• OATS managed the entire vendor management process including contracting to payments

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Page 5: Accounts Payable Outsourcing

Benefits

• By outsourcing the entire accounts payable process, the company was able to reduce costs, while increasing efficiency in invoice processing and overall vendor management

• With powerful MIS reports, it was possible to access information on any particular vendor account very quickly

• A highly efficient vendor payment process led to improved strategic vendor relationships

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Page 6: Accounts Payable Outsourcing

“OATS has been an integral part in keeping our accounts payable process hassle-free and efficient.Their help in our accounts payable process has resulted in stronger vendor relationships for us”- General Manager, Accounts at a leading Auto components manufacturer in Pune

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Page 7: Accounts Payable Outsourcing

APO

TDS & issue statutory

certificates

Vendor payments

Vendor bill booking and

approvals

Vendor contract

management

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