Concentrate On The Core!
Superior Finance & Accounting Solutions
Accounts Payable Services
Aerance Technologies specializes in comprehensive accounts payable services within its finance and accounting vertical. We streamline and optimize financial operations for businesses of all sizes, ensuring efficient handling of payables with cutting-edge technologies and expert financial management.
Our Services Include:
- Invoice Processing and Management:
> Efficient handling of incoming invoices.
> Automated invoice data capture and validation.
> Integration with ERP systems for seamless processing.
- Vendor Management:
> Vendor onboarding and relationship management.
> Payment scheduling and coordination.
> Resolving vendor inquiries and discrepancies promptly.
- Expense Reporting:
> Processing and verification of employee expense reports.
> Compliance checks and policy enforcement.
> Integration with expense management software for real-time tracking.
- Payment Processing:
> Secure and timely payments through various channels (ACH, wire transfer, etc.).
> Implementation of electronic payment systems for faster transactions.
> Payment reconciliation and reporting.
- Compliance and Audit Support:
> Ensuring adherence to regulatory requirements (GAAP, SOX, etc.).
> Facilitating audits with accurate documentation and reporting.
> Internal controls and fraud prevention measures.
Technologies & Tools Used:
- OCR (Optical Character Recognition): Automates data extraction from scanned or digital invoices, reducing manual effort.
- ERP Systems (Enterprise Resource Planning): Integration with leading ERP platforms for streamlined financial operations.
- Expense Management Software: Utilization of software like Concur or Expensify for efficient expense reporting and tracking.
- Electronic Payment Systems: Implementation of secure electronic payment solutions for faster and more accurate transactions.
- Compliance Software: Tools for regulatory compliance and audit readiness.
