Accounts Payable Outsourcing
Business entities are always challenged to reduce costs, avail the best services and add maximum value from their expenditures. HLB HAMT offers completely flexible and innovative Accounts Payable Services. This enables our clients to transform their complex accounts payable processes to an automated system.
Our services include accounts payable workflow setup, payables Vendor Management, employee expense processing and project (construction)cost management and accounting. Outsourcing accounts payables comes with numerous benefits such as reduced processing costs, improved management on working capital and payables, removal of duplicate payments, improved financial control, reduced invoice discrepancies and management of disputes and strengthening vendor relations.
- Understanding the business process and internal controls
- Establishing the work flows and separation
- Invoice intakes and file management (digital /hardcopy)
- Invoice processing (Validation and approval)
- Invoice payment (Cheque/Electronic)
- Reconciliations and records management
- Month/Year end financial/Analytics reports
- Vendor maintenance support
HLB HAMT understands the essentials of our clients across industries and regions .We offer services in UAE and the rest of the world through HLB International’s member firms.
Latest insights, case studies and news from across the network
Regulation of the submission of reports by multi-national companies in UAE
The United Arab Emirates (UAE) has introduced Country-by-Country (CbC) Reporting (CbCR) requirements, that will be applicable to businesses that have a legal entity
Leading Industries in the UAE
The UAE has the most diversified economy in the GCC. The country was reliant on oil and gas for centuries; but of late the government has started giving equal prominence...
Economic Substance Regulations in UAE
The UAE Cabinet recently issued the Cabinet of Ministers Resolution No.31 of 2019, that requires all in-scope UAE entities to maintain an economic substance.