Accounts Payable
Processing supplier invoices, managing payment schedules, and maintaining vendor documentation.
PRICING
REGULAR PRICE
MONTHLY LIMIT
ADDITIONAL BILLS
$199 / MONTH
50 BILLS
+ $3 / BILL
OVERVIEW
Accounts payable management is a critical financial function that ensures your business meets its payment obligations efficiently and strategically. This service goes beyond simply paying bills – it's a comprehensive approach to managing your business's spending, maintaining vendor relationships, and optimizing cash flow. Professional accounts payable management transforms a traditionally time-consuming task into a strategic advantage for your business.
Our accounts payable service combines financial expertise with modern technology to streamline your payment processes. We implement digital systems that capture, track, and process invoices while maintaining clear approval workflows. This systematic approach helps prevent duplicate payments, captures early payment discounts, and maintains positive vendor relationships through timely, accurate payments.
WHEN AND WHY DO YOU NEED IT
Businesses typically realize they need professional accounts payable management when they face challenges like missing vendor payments, losing early payment discounts, or spending too much time manually processing invoices. As your business grows, the volume of bills and complexity of payment terms can quickly become overwhelming, leading to costly mistakes or missed opportunities.
Professional accounts payable management becomes particularly crucial when:
Your business works with multiple vendors and needs to track various payment terms
You're spending hours each week manually processing and paying bills
Missing payments or payment deadlines has started affecting vendor relationships
You need better visibility into upcoming payment obligations for cash flow planning
Your business is growing and needs scalable payment processes
HOW IT GENERALLY WORKS
Professional accounts payable management follows a structured process that ensures accuracy and efficiency. When vendors submit invoices, they are immediately captured in a digital system and coded with relevant information such as due dates, payment terms, and expense categories. Each invoice goes through a defined approval workflow, ensuring proper authorization before payment.
The system maintains a clear schedule of upcoming payments, allowing for strategic timing of disbursements to optimize cash flow. Regular reconciliation ensures all payments are properly recorded and matched to their corresponding invoices. This systematic approach creates a clear audit trail and helps prevent common issues like duplicate payments or missed invoices.
OUR PROCESS
At Logetica, we implement a comprehensive accounts payable system tailored to your business needs. We begin by assessing your current payment processes and vendor relationships, then establish digital workflows that streamline invoice processing while maintaining appropriate controls. Our team handles the entire accounts payable cycle, from invoice receipt to payment execution.
We provide regular reports showing upcoming payment obligations, cash flow implications, and potential early payment discount opportunities. Our proactive approach includes monitoring vendor payment terms, identifying opportunities for better payment arrangements, and ensuring compliance with all payment agreements. We maintain detailed records of all transactions, creating a clear audit trail that supports tax preparation and financial planning.
EXAMPLE CASE
A growing retail business struggled with managing payments to over 50 regular suppliers, often missing early payment discounts and damaging vendor relationships through late payments. An implemented accounts payable service streamlined digital system that captured all invoices immediately upon receipt and established clear approval workflows.
Within three months, the business captured $3,000 in early payment discounts and significantly improved vendor relationships through consistent, timely payments. The organized system also provided clear visibility into upcoming payment obligations, allowing for better cash flow management and strategic timing of disbursements.
Have Questions?
Book a free 30-minute online consultation with us, and we will be happy to answer all your questions.