Outsourcing accounts payable
services to the Philippines

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What is an outsourced accounts payable service?

Outsourcing of the accounts payable function within your accounts department involves sending tasks such as checking, coding and processing invoices for payment, to a staff member or team of staff outside of your organisation. It can cover all tasks related to the management and paying of creditors and this type of work is often sent to overseas locations like the Philippines.

No matter how big your organisation is, sending simple, transactional tasks involved with accounts payable, can allow your local team to focus on more complex tasks, and jobs that will be of more value and impact to your business growth and development.

It’s also a cost effective alternative to employing locally, giving your accounts team the support they need at a reduced cost. An offshore accounts payable officer can complete a number of tasks including but not limited to:

  • Checking invoice accuracy
  • Inputting and coding invoices correctly
  • Matching invoices and purchase orders
  • Processing and paying invoices
  • Following internal payment approval processes
  • Scheduling payment runs
  • Managing creditor enquiries for payment
  • Processing employee expense claims
  • Performing reconciliations
  • Monthly reporting
  • Working with required accounting software such as MYOB, Xero or Quickbooks.

Why do businesses outsource accounts payable services offshore?

Sending accounts payable work to offshore staff allows businesses to focus on more complex requirements within their organisation. It also ensures that creditor payments are accurate and up-to-date so that you know exactly what your financial position looks like.

And because these tasks are not considered to be core to your business and are back-office in nature, they can be completed easily by an offshore staff member. What’s more, without the distractions of your local office, work is often more accurate and efficient.

This leaves your local team to focus on your core business processes and the more complex accounting tasks that involve analysis and deep business understanding and as a result, is likely to lead to a more satisfied employee. It will also give them the time to strategise about ways to improve and grow your business.

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What other job roles are usually outsourced under accounts payable?

Beepo provides support roles covering every aspect of your accounting requirements. These include:

What are the benefits of outsourcing accounts payable offshore?

Key benefits associated with outsourcing accounts payable services to the Philippines include:

  • Efficiency increase

    By handing over transactional accounts payable tasks to the offshore team, you are providing your local team with the opportunity to take on more work. By distributing workload across your offshore and onshore teams, your businesses efficiency and productivity levels will increase.

  • Cost Saving

    By hiring an outsourced team to assist your onshore departments with these accounts payable tasks for a fraction of the price, your organisation's overheads and staff costs will dramatically decrease, by up to 70%.

  • Increased employee satisfaction

    Accounts payable’s tasks can be quite tedious and time consuming. By handing over these repetitive jobs to your offshore team, you will see an increase in employee satisfaction as your onshore team will be able to focus on what they were initially hired to do.

  • Business growth

    By enabling additional capabilities through your offshore team, you will be able to provide your local employees with the capacity to take on more work. This in turn will lead to sustainable business growth.

What are the costs associated in outsourcing accounts payable services?

Outsourcing your accounts payable systems to the Philippines can represent significant cost savings of up to 70%. At Beepo, we offer a simple monthly fee to help you reduce your overheads and focus on growing your business. This monthly fee covers everything: including infrastructure, security, recruitment and training, management and staff benefits.

For more detailed information on costs, please arrange a business consultation so we can tailor a solution to your business needs.

The Beepo Advantage

Beepo offers businesses a distinct competitive edge through offshore outsourcing staff solutions. We’re Australian based and we know and understand the challenges businesses face when it comes to staffing. Whether you’re struggling to find the right talent, or struggling to retain them, we can assist. The Philippines has a huge pool of talented finance and accounting staff, fully qualified and keen to work for you. Our recruitment process will find, onboard and train the best talent for your organisation.

We’re then responsible for keeping your team on track and ensuring they have everything they need to complete their work to a high standard, while you maintain control of their objectives and deadlines.

Our qualified and skilled accounts payable staff will ensure your accounts are paid and your creditors are happy with all the required source documentation managed correctly, so that you and your team can get on with business.

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