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Accounts Payable and Receivables Outsourcing

Managing accounts receivable (AR) and accounts payable (AP) is crucial for maintaining the financial health of any business.
Accounts Payable and Accounts Receivable

Scope of Accounts Receivable and Payable
Outsourcing Services

By choosing Key CMS Accounting for your AR and AP outsourcing needs, you gain a reliable partner committed to enhancing your financial operations and supporting your business growth.

Accounts Receivable Services

  • Invoicing and billing
  • Customer account management
  • Payment processing and collection
  • Aging analysis and reporting
  • Dispute resolution and credit management

Accounts Payable Services

  • Vendor management and invoice processing
  • Purchase order matching
  • Payment scheduling and execution
  • Expense reporting and reimbursement
  • AP aging analysis and reporting

Why Outsource Accounts Receivable and Payable Services to Key CMS Accounting

Outsource-Accounts-Receivable-and-Payable-Services-to-Key-CMS-Accounting

Enhanced Cash Flow Management

  • Efficient AR management ensures timely invoicing and collection, improving cash flow and reducing days sales outstanding (DSO).
  • Effective AP management helps in optimizing payment schedules, taking advantage of early payment discounts, and avoiding late fees.

Improved Accuracy and Compliance

  • Our meticulous approach minimizes errors and discrepancies, ensuring accurate financial records.
  • We adhere to industry best practices and regulatory requirements, reducing the risk of non-compliance penalties.

Focus on Core Business Activities

  • By outsourcing AR and AP functions, you can redirect your resources and attention to strategic initiatives and business growth.
  • We handle the day-to-day financial operations, allowing you to concentrate on what you do best.
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OUR value driven approach

Want to Hire Dedicated AR/AP Executives

Hiring a Dedicated AR/AP Executives is simple and straightforward at Key CMS Accounting. Here’s how you can get started:

Consultation

Our experts assess your AR and AP requirements to determine the best outsourcing strategy.

Customizing the Team

Based on your assessment, we select dedicated AR/AP executives with the right skills and experience. .

Implementation

We implement efficient workflows and best practices to optimize your AR and AP processes.

Frequently Asked questions

Outsourcing AR and AP services to Key CMS Accounting offers several benefits, including:

  • Improved Efficiency: Streamlined processes and automation reduce the time and effort required for managing AR and AP.

  • Cost Savings: Lower operational costs by eliminating the need for in-house staff and resources.

  • Accuracy and Compliance: Minimized errors and adherence to regulatory standards ensure accurate and compliant financial records.

  • Enhanced Cash Flow: Better management of receivables and payables improves cash flow and working capital.
Key CMS Accounting prioritizes data security and confidentiality through:

  • Advanced Security Protocols: Implementation of robust security measures, including encryption, firewalls, and secure access controls.

  • Compliance with Standards: Adherence to industry standards and regulations, such as GDPR and HIPAA, to protect sensitive financial data.

  • Regular Audits: Conducting regular security audits and assessments to identify and address potential vulnerabilities.

  • Confidentiality Agreements: Ensuring all staff members sign confidentiality agreements to safeguard client information.
Yes, Key CMS Accounting has extensive experience in handling AR and AP processes across various industries, including:

  • Healthcare: Managing patient billing, insurance claims, and vendor payments.

  • Manufacturing: Handling supplier invoices, purchase orders, and inventory management.

  • Retail: Managing customer payments, vendor invoices, and expense reporting.

  • Professional Services: Handling client billing, project expenses, and vendor payments. We tailor our services to meet the unique needs of your industry, ensuring compliance and efficiency in managing your financial operations.

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Benefits you get from us

  • 100% error free

  • Automated work

  • Cost effective service

KeyCMS Accounting

KeyCMS Accounting is your trusted partner in revolutionizing CPA and accounting firm operations through our specialized offshore staffing solutions. Our customized accounting and bookkeeping services are crafted to enhance your firm’s efficiency while minimizing costs and workload. If you’re looking for a dependable, timely, and cost-effective provider to outsource your bookkeeping and accounting needs, your search ends here. KeyCMS Accounting offers the expertise you need to elevate your business. Schedule your free consultation today!
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