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THE PROS AND
CONS OF
OUTSOURCING
YOUR ACCOUNTS
PAYABLE
.
THE PROS OF OUTSOURCING
ACCOUNTS PAYABLE
#1 Cut Costs
#4 Automated Tracking
#5 Fewer Errors
#2 Efficient
#3 Constant Coverage
PROS
1 CUT
COSTSYou can have experienced, equipped
professionals do the same job at a lower
cost by outsourcing.
PROS
2EFFICIENT
You will find that an outsourced
Accounts Payable team is more
efficient than the in-house team.
PROS
3 CONSTANT
COVERAGEAn outsourcing company cross-trains multiple
employees on accounts. You never have to worry
about being left uncovered.
PROS
4AUTOMATED
TRACKINGEven though the task is being done by
outsourcing firm, the newest
technology allows to track each step
of the Account Payable process
instantly.
PROS
5 FEWER
ERRORSHuman errors can lead to the costly consequences.
However, outsourcing your accounts to firms can
mean fewer errors, thanks to the software involved.
.
THE CONS OF OUTSOURCING
ACCOUNTS PAYABLE
#1 Loss of Control
#2 Dependency on
the AP Firm
CONS
1 LOSS OF
CONTROLWhen you outsource your Accounts
Payable process, you do give up control
when it comes to how the AP is being
handled.
CONS
2DEPENDENCY
If you outsource your Accounts
Payable, you will depend on that firm
to do the work. If something were to
happen to them your AP would be
put at risk.
THANKS!
- - AVA ROBINSON

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The Pros and Cons of Outsourcing your AP