Reminders handling and balance reconciliation

Checking reminders

Whilst processing documents, you always run the risk of not paying an invoice on time. Reasons can differ, but you do not have to worry about them when delegating this task as a part of accounts payable outsourcing. Duni EFF provides services related to checking reminders. When reminders are received by our accountants, action is taken quickly. This service can be recommended particularly when you:

• receive significant volumes of reminders
• do not have enough time to properly analyze them

Our employees can take care of it all! By checking reminders on a regular basis, we ensure that suppliers receive payments for issued invoices on time. We also investigate the reasons why invoices were not received or why transfers were not made to suppliers. Solving problems with suppliers is important in order to avoid the same problem happening repeatedly and ensure our clients are satisfied with our work. If you struggle with any of these issues, it may be time to consider AP outsourcing in your organization.

Chasing missing invoices

EFF always wants to ensure that we provide services of the highest quality. That is why, besides processing invoices and preparing payments, within the AP outsourcing we also deal with chasing missing invoices. This task is related to another one of our services – checking reminders. When reminders are received by our accountants and the related invoice is found to be missing, we act quickly so that relations with suppliers are not compromised and the company does not have any long-outstanding invoices.

We also investigate the reason why the invoice was not received by us and we try to solve the root cause of the problem as soon as possible to make sure the situation does not happen again. It is important to us that our suppliers are satisfied with our work. This helps to increase the efficiency of our processes and saves time.

Intercompany reconsiliation

Reconciliation of balances between members of a capital group is one of duties that need to be fulfilled during the month closing. It is important to check if both entities have the same documents in their books and if total amounts of transactions are equal. Month closing is the most time-consuming period during the whole month and most of employees tend to be overwhelmed

Are you a member of capital group and mutual settlements are the order of the day? Are your employees are swamped with work? If you choose our accounts payable outsourcing services then we can help you manage your month closing and intercompany reconciliation.

With our help you will be able to:

• Obtain a clear picture of the Group through reconciliation of intra-group balances at the month closing
• Avoid any inaccuracies regarding intra-group transactions by having us check if all documents have been registered and approved on time
• Have all deviations solved before the month closing

Advantages of this solution are:

• Your employees can focus on their other duties and in consequence their work is more effective and precise
• You do not have to worry about any appearing inaccuracies and waste your time trying to solve them