Accounts Payable Services

To run a successful business, you need updated financial information at your fingertips 24x7. Accounts payables are one of the most crucial financial processes in any business. Efficient management of accounts payables is essential to manage working capital, increase profit margins, save money, and maintain good vendor relationships.Vee Technologies provides comprehensive workflow management and automated processes and reporting tools that help businesses get their financial processes under control, resulting in streamlined and easily manageable finance functions that are also web-enabled.

Vee Technologies utilizes its in-house Vee Cap application for meticulous processing of invoices. We also have experience and expertise in external applications which we utilize as required according to client requirements. We are able to successfully integrate with several major enterprise-wide financial systems and ERP systems, so that our clients enjoy the benefits of state-of-the-art technology and processes at every level of the accounts payable process.

Our accounts payable services provide the following benefits for our clients:

  • Increase work efficiency and productivity
  • Increase cost effectiveness and cost savings
  • Streamline and reduce paperwork to give you an electronic and updated system that is easier to access and manage
  • Tracking of invoices can be done 24x7, effortlessly and easily
  • Automated invoicing with larger suppliers that ensures timely payments and hence, greater cash flow and profits
  • Additional supplier discounts are captured for greater profitability
  • Vendor relationships are enhanced
  • Submissions for payments is done in a timely manner
  • Vendor invoice data can be entered with or without the purchase order
  • Invoice payment and reconciliation is faster
  • Fully compliant with internal policies and external regulations

The Importance of Accurate Finance and Accounting Services for Businesses

The stakeholders in any type of business cannot underestimate the importance of accurate financial statements. Balance sheet, income statement, cash flow statement, statement of stockholder’s equity and others are the major things to look out for while going through financial and account statements.
Case Studies
Issues: The solicitors at a prestigious law firm in Australia were faced with immense work pressure and tight deadlines, because of which they could not send invoices to their customers in time and collect the payment from them.
Our client in the UK runs an umbrella company which is an association of respected agencies and contracts with over 25000 contractor employees. In order to simplify this process, an online platform is used.