Accounts Receivables
4 step simple & effective process
An efficient Accounts receivable process helps management in monitoring as well as collection of payments on time which will eventually help in the reduction of working capital cycle and in turn reducing the cost of funds. In addition, the Management may also get insights on their own business issues like invoicing errors, delayed collections due to service issues and many other aspects.
We at Benchmark ensure the simple process stays simple and effective for us and more importantly for you as our valuable partners. At every step of the way our team ensures to make the process hassle-free so that you can focus on your core business.
OUR STRATEGY
First part of the process is to establish the credit practice and have the customer account and master creation
Kick Start
Invoicing
If you have an invoicing system in place, our specialists will utilize that; if not, we'll bring in the systems we love and trust
Collections
Ensure timely processing of payments into bank accounts and provide necessary details for reconciliation
Reconciling & Reporting
Timely reporting of collections, overdues, deductions, invoice errors, disputes to ensure appropriate action can be taken
Accounts Payable
4 step simple & effective process
We can take full control of your accounts payable function right from the root level, automate it to avoid human intervention and make the cumbersome process error free. We take access and accountability of your accounts inbox, escalate urgent matters for prompt actioning and even reply to supplier payable queries.
Not only reconciling the supplier statements, we issue weekly aged payable listings so you know who to pay, how much and when to pay! On your go ahead, we set up the batch payment on your banking website for you to review and authorize!
OUR STRATEGY
We integrate with purchase department to get requisition details and raise a PO ensuring compliance with your company policies
Requisition and Purchase order
Receipt, Verification
GRN is prepared upon successful receipt of goods and verify them against the PO and process the invoice based on inputs from your Quality check team
Payment Release and Accounting
Upon successful verification from Purchase department, Invoice is then put into books of accounts and payment is released upon agreement with the management
Reconciliation
Once the release order is issued the Finance Department issues the payment to the vendor
CONTACT US
India Office
#20E, NRG Street, KK Pudur, Coimbatore -641038 Tamilnadu, India
USA Office
#3477 lily way SanJose - 95134 California,USA
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