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
ar & ap management service FAQ
1. Can you provide fixed priced outsourcing accounts receivable or accounts payable solutions for my company?
Yes, we can provide you fixed priced AR/AP services. Once we receive details about the volume and scope of the work, we would be able to assess the time and based on that we can provide you fixed price quote.
2.How do I know that my Data is Secure with Worldbridge Consultech? Do you offer Confidentiality Agreements?
Yes, we will make a confidential agreement which is known as nondisclosure agreement (NDA). Worldbridge Consultech has all the necessary software systems and secured IT infrastructure to protect the confidential data of our client.
3. I only need data entry with Payables and Receivables, I do my own reconciliations, does that work for you?
Yes, we have a data entry specialist, you can hire them for your Data entry work.
4.How many invoices can be processed in a day?
It depends on various factors such as the size & complexity of the invoices, software speed, weather document needs to be attached with posting transactions or not, master for invoice processing is available in the software or not etc. We can provide estimate once we receive some basic information.
5. At what interval you can provide AR/AP Report?
We can provide weekly, bi-monthly, monthly and yearly depending on your requirements.
