Streamline Vendor Payments and enhance Operational efficiency & your credit score

Solution

Navigating the intricacies of Accounts Payable can be a daunting task that drains valuable resources and time. At NAYA, we offer comprehensive Accounts Payable Management services that effectively manage your outgoing payments, from entering purchase enquiry, quotation comparison, raising purchase orders, accounting purchase invoices, making payments and to reconcile entries.

Services Offered

Purchase enquiry, comparative quotations analysis
Issue of Purchase Order and approval process on need basis
Implement and monitor effective bill passing system on a need basis.
Inventory accounting entries related purchase
Accounting of Purchase Invoices
Accounting of Purchase return – inventory & debit / credit note
Accounts Payable Tracking and Management
Ageing & overdue statement analysis
Vendor Statement Verification Assistance in the Payment Process
Recording and reconciliation of Entries
Yearend activity – confirmation of balance with Vendor ledger

Advantages and Benefits

Easy-to-understand reporting for Small Business

Cash flow & credit score

Our efficient management of account payable helps with effective management of cash-flow by making timely and correct payment which helps to maintain and improve your credit score and excellent vendor relationship.

Detailed inventory and invoice Accounting

We ensure meticulous accounting of all material receipts, purchase invoices, and expense invoices, thus reducing errors that can negatively impact your business relationships with the vendors and financial standing.

Effective bill passing process.

We plan, analyze and suggest an effective & rigorous bill passing approval process in line with your business and your internal policy. This helps to approve the bills with accurate data and avoid duplicate vendor bills accounting & payments, fraudulent vendor bills entry for payment and pay only for the actual purchase made or expense incurred.

Efficient Payable tracking

Our expert team systematically manages your accounts payable ledger, tracking all due dates and pending payments, ensuring timely payment to your vendors, which helps for maintaining good credit history and avoiding late fees & other charges.

Vendor Statement Verification

We rigorously verify all vendor statements against your accounts payable records to prevent discrepancies and fraud. This level of detail fortifies your financial integrity.

Payment Process Assistance

We simplify the complex payment process by organizing and scheduling them efficiently. We also handle payment authorizations to make the process seamless.

Reconciliation Services

Our thorough approach includes recording and reconciling all entries related to accounts payable, ensuring complete transparency and accurate accounts payable statement.

Cost Savings

Outsourcing your Accounts Payable Management can result in significant cost savings. It eliminates the overhead costs of employing and training a specialized in-house team, allowing you to allocate resources more effectively for other core business operations.

Take the Next Step

Professionalize your Accounts Payable Management with us and focus on your core business activities. Contact us today to understand how our tailored services can improve operational efficiency.