Accounts Payable Outsourcing Services

Payment management for vendors may seem easy but it is only after the piles of invoices begin to rise that one finds it difficult to manage.

It is here that proper support plays a key role.

GPMJ Global provides solutions to business houses to streamline the entire payable cycle by ensuring accurate and timely solutions to your problems. As an experienced accounts payable outsourcing company, we offer accounts payable outsourcing services to CPA firms, accounting firms, small and medium size enterprises, and growing companies from the USA, UK, Canada, and Australia. If your business is looking to outsource accounts payable and reduce internal workload, we make that transition smooth and secure.

Simplify Your Payables Without Losing Control

Late payments hurt vendor relationships. Duplicate invoices hurt profits. Poor tracking hurts decision-making.

This is where our accounts payable outsourcing services come into play, as they can address all three.

GPMJ Global brings together accounting knowledge and optimized processes to create an efficient payables outsourcing system for you. It will remain in your hands, while we will do the boring routine of the back office work.

No matter whether you have 100 or 10,000 invoices per month, our specialists can handle everything depending on the size of your company.

GPMJ Global's Accounts Payable Services Include

• Invoice Processing and Data Entry
  • Accurate processing and data entry of invoices to eliminate any mistakes and approve payments faster.
• Reconciling Supplier Accounts
  • Matching of purchase orders, receipts, and statements to keep your books clean and suppliers happy.
• Scheduling Payment
  • Manage cash flow and make timely payments to suppliers without ever missing a deadline.
• Order Matching
  • Three way matching to ensure that you do not overpay your suppliers.
• Expenses Tracking & Reporting
  • Get detailed payable reports for further spending analysis and forecasting.
• Duplicate Payment Checks
  • One overlooked duplicate payment can cost more than you think. Our layered review process helps prevent it.

Why Businesses Choose GPMJ Global for Payables Outsourcing

Choosing an accounts payable outsourcing company is about trust.

Need a business partner that knows about compliance, precision, and deadlines?

That is exactly what we do for you.

• Accounting Professionals with Experience

We have substantial experience dealing with accounts payable in various industries.

• Confidentiality of Financial Data

Your financial data is totally secure and confidential.

• Faster Turnaround Times

We reduce processing delays so your payable cycle keeps moving.

• Cost Savings Without Compromise

Building an in-house AP team costs more than most businesses realize. Payables outsourcing gives you expert support at a fraction of the cost.

• Global Service Capability

We cater to clients from various parts of the world with flexible service delivery models.

Being a well-respected accounts payable outsourcing company, GPMJ Global aims at increasing efficiency without interfering with your existing processes.

Advantages of Outsourcing Accounts Payable

By choosing to outsource accounts payable, you do much more than just outsourcing work.

The benefits are:

• Reduced operational expenses
• Increased visibility of cash flows
• Reduced payment discrepancies
• Quick approval of invoices
• Maintaining better relationships with vendors
• Being compliant to audits

This is why many businesses are considering accounts payable outsourcing services for their growth.

How about making your AP process more efficient?

If your internal staff is taking up most of its time with invoice management, chasing approvals, or error resolution, then perhaps it is high time you considered another approach.

Here at GPMJ Global, we offer accounts payable outsourcing services that are highly accurate, efficient, and future-proof.

Frequently Asked Questions

What is an account payables outsourcing company?

It is a company that handles the invoicing, scheduling of payments, account reconciliation, and vendor management for businesses.

Is it safe to outsource accounts payable?

Yes. With proper security measures in place, the process is very secure.

How much can I save using payables outsourcing?

Depends on the number of transactions that take place, but a lot of companies save 30% - 50% of their AP costs through payables outsourcing.

Will GPMJ Global work with my accounting system?

Yes. We leverage the best accounting software like QuickBooks, Xero, Zoho Books, Sage and more.

Why would I choose to outsource payables rather than hire employees?

Because when you outsource accounts payable, you do not incur the cost of recruiting, training and employing employees.