Osource offers customized Vendor Payment solutions which are designed keeping the business requirements into consideration. It also provides the option of using either client’s software application or its’ own technology framework or a blend of both.

Our Vendor Payment solutions provide comprehensive features that –

• Streamlines the payment process
• Automates invoice verifications and approvals by activity owners
• Provides out-of-the-box processes for processing invoices, recurring payments and expense accruals
• Can interface with leading ERP software

By using our Vendor Payment solutions, organizations have been able to address issues such as –

• Turn Around Time (TAT)
• Complex Approval Processes
• Traceability & Accountability
• Vendor Management Activity
• Spike & Surge in Transaction Volumes
• Application Integration

Osource also offers the unique concept of “Rejection Cell”. This concept places emphasis on improved coordination with the vendors to obtain the required clarifications for approving the invoices. This translates into a substantial reduction in transaction processing costs since only a few invoices are rejected and sent back to the vendors.

Our solutions are usually customized to suit the requirements of the client. Broadly they cover the following activities –