Accounts Payable Services

Chief financial officers (CFOs) often deal with challenges in their accounts payable function due to increasing working capital, duplication of invoice records, and payment defaults. Efficient invoice processing helps organizations address these challenges.

TCS' Accounts Payable (AP) Services deliver superior business outcomes to thrive in a highly demanding business environment, while delivering cost efficient operations. We help optimize cash flow and improve days payable outstanding (DPO) through continuous operational enhancements.

The TCS Advantage

ValueBPS: Our ValueBPS approach helps enterprises achieve significant and sustained business outcomes by leveraging our deep domain expertise and operations redesign methodologies such as FORE™. Our approach also encompasses robotic process automation (RPA), analytics and insights, our unique IT-BPS synergy, Business Process as a Service (BPaaS) models, and business process management (BPM).

Industry Domain Expertise: Our deep domain and technology expertise helps us drive financial benefits by reducing processing cost per invoice and improving management of payments and volume discounts.

BPaaS/Platforms: TCS’ TAP enables automation and digitization of the accounts payable processes and improves supplier collaboration. It improves the efficiency of shared services. TAP offers bundled business process services application and infrastructure, which can be and easily adapted to meet business needs.

In addition to the platform, some of the tools we deploy to improve AP efficiency are:

  • AP Workflow and Work Allocation Tool: For MIS reporting and workflow management
  • Dynamic Discounting Tool: To capture discounts and extend flexibility to suppliers
  • Supplier Portal: A cloud based website to facilitate seamless supplier collaboration

TCS Financial Analytics Platform: Our analytics platform provides in-depth insights such as financial KPIs, margin and expense analysis, financial risk forecast, budget monitoring, and variance analysis.

Solutions We Offer

We provide the following Accounts Payable Services:

  • Sourcing
  • Requisition to PO
  • Invoice Processing
  • Payments Processing
  • Vendor Helpdesk
  • Vendor Reconciliation

Benefits

Key benefits we deliver include:

  • Up to 60% reduction in turnaround time in vendor set up
  • Over 20% improvement in timely invoice payments
  • Over 20% improvement in discount capture that helps optimize working capital

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