ACCOUNTS PAYABLE OUTSOURCING

1. ACCOUNTS PAYABLE OUTSOURCING BY RENUKA INFOCOM PVT LTD ITES-BPO COMPANY AN ISO 9001:2000 CERTIFIED NEW DELHI INDIA www.renukainfo.com

2. OVERVIEW • The accounts payable process pays an important role under the accounting process. Companies spend huge expenditure on maintaining accounts payable process depending upon the Purchases of the company from year to year. • If the accounts payable department is not strong enough to track the outstanding dues at the end of each payment period then huge cost is to be incurred for tracking the exact payment to exact vendor at exact time. Additional cost may be incurred like penalties on late payment, interest, discount waivers, duplicate payments, wrong payment to vendors or additional payments, etc. www.renukainfo.com

3. BENEFITS TO OUTSOURCE • Improve the payment cycle. • Building vendor’s confidence. • Reduction of additional liabilities. • Effective creditor’s management. • Timely payments of Bills. • Reduction in Management expenses like manpower cost, infrastructure cost and communication cost by 40%-50%. • Better Time Management with improved staff efficiency. • In-Depth study of accounts payable expenses. www.renukainfo.com

4. AUDITING BY RENUKA’S • Nature of payment to be made. • Actual Amount due to the vendor. • Checking full contact details of the vendor for which the amount is due. • Reconciling the purchase order with the invoice received again for value of goods. • Checking the due dates of the invoice. • Checking the description of goods in the invoice with the order placed. • Any Advance payment made to the supplier against the purchase order. • Status of defective goods, received and goods returned. • Debit note issued by vendor. • Verification of taxes charged on the gross amount. • Any other on spot verification or auditing. www.renukainfo.com

5. METHODOLOGY OPTED FOR A/P BY RENUKA’S SEND INVOICES WITH ACCOUNTS PAYABLE ST. : AUDITING : QUALITY CHECK : FINAL OUTPUT www.renukainfo.com

6. PRESENTED BY RENUKA INFOCOM PVT LTD 309-314 Aggarwal Millenium Tower, Netaji Subhash Place, Pitampura, New Delhi , India – 110034. CEO, ROHIT GARG (C.A.) E-mail : rohit.garg@renukainfo.com US Toll Free : 1-866-682-8799 GSM : +91 93136 77799 www.renukainfo.com www.accounting-outsourcing-india.com THANK YOU