2 Lakhs+ Invoices Processed, Monthly
Why Choose Osource?
Discover how we can help you
Four-Eye Principle
Strong maker-checker process implemented for invoices received. Ensure that payments are made correctly and on time.
OCR Invoice Capture
Use scanning or optical character recognition (OCR) software to convert paper invoices into digital format. Store all invoices in a secure, centralized location.
Three-Way Matching
Ensure that these three documents align before approving payment. This process helps identify discrepancies and unauthorized purchases.
Robust Vendor Management
Manage vendor interactions smoothly with automated systems that improve relations and streamline communications.
Cost Reduction
Cut operational costs with automated AP processes that reduce manual labor and improve efficiency.
Transition to Osource's AP Automation
Phase 1
Consolidate
- Understand client's process needs.
- Take over existing processes.
- Establish operating model and governance.
- Allocate tasks and track knowledge transfer.
- Prepare reporting and track status.
- Deliver as per SLAs.
- Understand expectations and challenges.
- Stabilize operations.
Phase 2
Stabilize & Standardize
- Analyze root causes of gaps.
- Update SOPs, processes, and manuals.
- Resolve issues and train the team.
- Realign scope, SLAs, and reporting.
- Discuss hybrid models and set targets.
- Identify and plan software improvements.
- Review and improve controls.
- Initiate process visibility and governance.
Procure-to-Pay, and Beyond
Procurement
- Raise PR
- Inventory Management
Vendor Management
- Vendor Empanelment
- Vendor Master Update
- Raise and approve PO
Invoice Processing
- GRN/SRN
- Invoice Approval/Authorization
- Mail Room- Invoice Receipt
- 2 Level verification(parking/posting)
Payment Run
- GST2A Validation
- Payment processing
- Payment disbursements
- Payment Advise Intimation
Ancillary Activities
- MIS and Reporting
- Helpdesk and Audit support
- Vendor Reconciliation
- Vendor balance conformations
Powered by Onex ®
Spend Management System
Onex SMS is a payables automation platform that ensures efficiency throughout the procure-to-pay process. It offers comprehensive procure-to-pay functionality — from item search to invoice matching and payment authorization — with an unparalleled user experience. Easy to implement and use, Onex SMS can be swiftly deployed across various lines of business, enhancing control over business spending and improving spend visibility.
Transform Your Accounts Payable Process with Osource!
Schedule a demoWhat our clients say
"Managing vendor payments has become remarkably convenient with Onex SMS. By integrating Osource's procurement solution into our operations, it has not only optimized our procurement process but also streamlined payments."
Head of Finance
"The level of trust and cooperation between us is outstanding. Osource has earned this trust by supporting us in extreme situations and recommending process changes that were in our best interest."
CFO
"Managing vendor payments has become remarkably convenient with Onex SMS. By integrating Osource's procurement solution into our operations, it has not only optimized our procurement process but also streamlined payments."
Head of Finance
"The level of trust and cooperation between us is outstanding. Osource has earned this trust by supporting us in extreme situations and recommending process changes that were in our best interest."
CFO
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