Procurement Outsourcing Finance and Accounting Services

• Procure to Pay
• Order to Cash
• Plan to Result
• Financial Analysis & Management
• Treasury & Tax

Guaranteed 30% cost reduction from day one of engagement

Another productivity improvement of 10-20%

Six-Sigma methodology institutionalized

Flexible and proven delivery methodology

Leveraging Global Collaboration Model

Faster turnaround time

 Well defined quantifiable quality and process metrics

Procure-to-Pay implementation improves competency in handling accounts payable process and provides greater visibility in managing the overall spending and operational costs of the client’s business. Corbus facilitates strategic process for generating and delivery of purchase order to the clearance of the invoices.

Our Procure-to-Pay service portfolio includes -

• Purchase Accounting
• Invoice Processing
  • PO based Invoices (3 Way matching)
  • Non PO Invoices (2 Way matching)
• Purchase Returns Accounting
• Employee T & L
• Payment Process
  • Payment run
  • Payment check (EFT’s, Checks, ACH, Wires & Direct Debits)
  • Exception handling
  • Post payment audit
• Vendor Master Maintenance
• Vendor Statement Reconciliation
• Vendor Services Helpdesk

Product Overview

Our objective is to ensure that ‘The Right Vendor at the Right Time has been paid Right Amount’. We facilitate and ensure accurate and timely payments to Suppliers for goods or services received, thereby ensuring maximum discount capture. Some of our services include:

• Services offered from different locations
• Database Management, Vendor, & Payments setup and maintenance
• Image based process
• Invoice Scanning, Data Entry, and Dispute Resolution
• Three way match of invoices with purchase orders and goods received note
• Corrective measures (duplicate checks or on specific invoices)
• Queuing up invoices for payments to maximize discount capture and timely payments
• Payment of the invoice (electronically or manually)
• Issue of debit notes, Adjustments/Collections
• Sending data to the clients general ledger
• Providing data and reports for value added tax or other type
• Balance confirmations from vendors
• Audits – Duplicate Audits, Prepayment Audits, and Others
• Responding to queries from buyers or vendors received by mail, phone or web chatting.

In case of Employee Travel & Living we provide services like:

• Cash advance management
• T&L accounting
• Ensure T&L policy compliance
• Final settlement processing (in cases of exit).
• Check repayment process
• Assistance in tracking delinquency and sending notices/reminders to defaulters

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