Accounts payable is one of the most important accounts that logistics companies have. Accounts Payable (AP) BPO Services provider. Over our many years of experience and expertise, we have been able to deliver end-to-end accounts payable services to our clients. Our effective services allow us to streamline our clients finance and accounting processes and achieve higher operational efficiency.
There is a high level of meticulous verification of the documents and invoices involved. Several important documents are involved in this process, including:
- Bill of Lading
- Rate Confirmation
These three documents form what is known as a ‘package’. Along with this package there may be additional documents such as lumper receipt, fuel advances, TONU (truck ordered not used) etc.
Over the years, Sterling has been successfully providing accounts payable services to our clients. Our competitive advantage allows us to provide customised solutions to individual clients to suit their needs better. When partnering with us to outsource your accounts payable needs, you are able to obtain greater control on the company’s expenditure and demand for special volume and price discounts.
Accurate accounts payable reconciliation is extremely important in order to clear unpaid bills within the due date.
We support or client companies in maintaining and successfully executing and end-to-end solution for the management of the Order-to-Cash cycle. We effectively become an extension of your team to focus on your immediate accounting and finance needs.
We specialize in the areas of invoice receipt verification, cash application, sales orders, sales orders to invoice conversion, credit memo processing, credit decision tools, monthly AR ledger reconciliation, aging report preparation and bad debts/delinquency management, among other operations.
Once our clients outsource their accounts receivables and payables to Sterling, they gain additional operational efficiencies while being able to predict future trends through our accounting and financing reporting tools. We also are able to improve enterprise agility while reducing customer churn. Delinquency and bad debt management allow us to safeguard against loss of revenue, while regulatory and statutory compliance management ensures that the operations meet regulatory standards.