Accounts Receivable & Accounts Payable (AR & AP) Management
Streamlined AR & AP management to improve cash flow, ensure accuracy, and maintain healthy financial operations.
Why outsource accounts receivable and payable services to worldbridge?
At Worldbridge, our managed Accounts Receivable (AR) and Accounts Payable (AP) outsourcing services are designed to improve profitability, strengthen financial control, and streamline operations. We combine a strategic approach with advanced tools to automate and optimize AR and AP cycles, ensuring efficiency and accuracy at every step.
With Accounts Receivable outsourcing, we help maintain accurate records of checks, deposits, and balances while analyzing and verifying bills, invoices, customer statements, debit memos, and overdue debts. This ensures a 100% traceable and error-free receivables process.
Through Accounts Payable outsourcing, we simplify invoice management by implementing thorough verification and reconciliation before processing. Our team resolves concerns such as mismatched invoices, unauthorized purchase orders, and billing errors to ensure a reliable, transparent, and highly accurate payable system.
our expertise
Scope of Accounts Receivable Outsourcing Services:
- Preparation and issuance of accurate customer invoices
- Recording and tracking of payments received (checks, deposits, transfers)
- Monitoring outstanding receivables and overdue accounts
- Sending payment reminders and follow-ups to clients
- Preparation of customer account statements and aging reports
- Verification and reconciliation of receivables with customer records
- Managing credit memos, debit memos, and adjustments
- Reducing bad debts through proactive collection strategies
- Providing regular AR reports for improved cash flow planning
- Cash Flow prediction based on outstanding receivables
Scope of Accounts Payable Outsourcing Services :
- Recording and management of vendor bills and supplier invoices
- Verification of invoices against purchase orders and receipts
- Scheduling and processing of vendor payments on time
- Reconciling vendor accounts with company records
- Managing early payment discounts and avoiding late payment penalties
- Preparing detailed accounts payable aging reports
- Handling mismatched invoices, unauthorized purchase orders, and billing errors
- Ensuring compliance with internal controls and approval workflows
- Providing clear AP reports for expense tracking and financial planning