Paying bills is unquestionably time consuming, and missing bill payments can have massive negative impacts on your business. These impacts include damaged relationships with suppliers, vendors, and contractors, loss of credit terms, and even lawsuits. Signing up for Accounts Payable Management with On The Money means never having to worry about any of these possibilities again. We’ll function as your entire Accounts Payable department. We’ll make sure your bills are always be paid on time and properly recorded, and we’ll even manage communications with your vendors. Additionally, we’ll only loop you in only when necessary so you can remain focused on running your business. Our Accounts Payable Management services include:

• Record all payables
• Make all bill payments
• Monitor aging payables and notify you when necessary
• Manage communications with vendors regarding payments
• Negotiate credit terms with suppliers, vendors, and contractors

Accounts Payable Management is billed at a customized monthly rate based on the needs of your business. Schedule a free consultation and we’ll provide a rate estimate so you have a good idea of what costs to expect before you pay a dime!

Other Reasons to Outsource Your Accounts Payable Management

Specialization is key in all business functions and accounting is no exception! Your company’s specialty is offering the products/services that you offer. Consequently, your company spends so much time, effort, and resources being the best in your industry, you have figured out how to provide the best products/services at the most reasonable prices. Now apply that same thought process to Accounts Payable Management. Accounting is our business, and we have spent the time, effort, and resources necessary to hone our craft. We know how to provide the best Accounts Payable Management services at the most reasonable prices in the industry. Additionally, we have standardized all of our processes to include hundreds of error checks to supply top-notch accuracy in all of the accounting functions we perform.

Just like you, we are masters of our craft, and can therefore perform all of the accounting functions your business requires with a higher degree of accuracy than you would likely achieve in-house, at a lower cost than you would likely incur in-house. So what are you waiting for?

Still not sure about outsourcing your Accounts Payable Management? Check out this article from 1840 that dives deep into the benefits!