We manage our client's entire payable process. It is an accrual system with a complete vendor master file. Searce can assist in the management of funds by scheduling payment dates and by keeping track of vendor payment terms. We improve and optimize your cash outflow management and provide a better picture of where you spend your money. We also perform exception resolution, elimination of duplication and disbursement-related services.

Searce provides Accounts Payable Services with the advantages of cutting edge technology and dedicated, skilled staff without having to invest in these or buying and maintaining expensive software. We provide industry best practices including Sarbanes-Oxley compliance leading to reduced discrepancies and greater financial control which finally translates into enhanced profitability.

The Shared Business Service provided by Searce helps our clients by providing improved business intelligence and transparency in their financial process. This helps the upper management have an up to date and clear picture of their financial performance. Searce also provides an online repository for easy access to all invoice transactions and supporting documents. Our services for AP Management process includes:

• Capture Details
• Invoice Processing
• Receiving & processing incoming mail
• Scanning & Document Indexing
• Audit and reconciliation of invoices
• Purchase Order & Vendor Details
• Invoice Entry
• Manual and automated data entry
• Client System
• Searce System
• Approval & Validation
• Workflow for online approvals
• Exception routing and feedback
• 3-way matching (Invoice, PO & Delivery document)
• Online dispute resolution with vendors
• Documented Audit Trail
• Payment Processing
• Schedule payments to meet vendor payment terms
• Print & mail checks or Electronic funds transfer (EFT)
• Bank reconciliation
• Vendor account reconciliation