Accounts Payable Outsourcing

Vendor Consolidation Makes Perfect Sense!: The ROI on outsourcing A/P functions for DSD categories is substantial and immediate. iControl provides our retailers and their suppliers a transparent, secure, cost-effective way to pay thousands of vendors and invoices - with a single check or EFT transaction per delivery week.

Many of our clients are interested in outsourcing AP functions associated with the DSD category integrated into iControl. The ROI on outsourcing payables is substantial and immediate, especially in DSD categories with small vendors, or where cash or draft is being paid at store level.

We provide our retailers with store-by-store, vendor-by-vendor, product-by-product accounting of every penny paid, in any format they desire – E.D.I, V.A.N., even Microsoft Excel®.

iControl is EDI capable. EDI (Electronic Data Interchange) enables business partners to exchange documents and data in a cost-effective, precise and timely manner. This exchange of documents in a standardized digital format presents enormous mutual benefits to supply chain partners (see tab below)

Our A/P Services
The Benefits of EDI

When it comes to Accounts Payable Outsourcing, iControl will:

• Help you reduce the number of active vendors in your A/P system by hundreds or possibly thousands

• Reduce your payroll expense associated with the A/P functions of any category assigned

• Improve your accuracy by trasacting all business via EDI (if you use EDI)

• Eliminate the practice of cash payouts at store level

• Eliminate payment at store level by draft or check (and the associated costs)

• Be responsible to maintain and track the correct supplier of each product, by item/store/day

• Keep you appraised, to the extent you wish to be appraised, of supplier turnover

• Transmit payment on your behalf to the correct suppliers by mail or EFT (at iControl's expense)

• Provide help desk and first-level customer support to suppliers who have A/P questions

• Provide your suppliers with Remittance Advice detailed to your specifications

• Alert you to any instances of stores failing to transmit ("poll") data

• Indemnify you from errors, and reduce your insurance exposure and liability

EDI provides many benefits to supply chain partners:

• Reduce the amount of paperwork created for orders, invoices, returns, and credits.

• EDI is a vastly more accurate and economical way to transmit critical data such as UPC updates

• Because EDI can be stored electronically, the amount of physical storage space needed to preserve historical records is virtually eliminated

• Reduce the inevitable human errors that result from key-entry of data.

• Eliminate duplicate entry of data (once on the supplier's side, once on the retailer's side)

• Allow the parties to increase business volume and grow sales without increasing the number of documents or the amount of manual or redundant tasks performed by either/both parties

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