Key Offerings
Procure to Pay (P2P)
As an advisory partner to our clients, Visionet helps avoid revenue leakages! Our digital mailroom solution, product enablement through our P2P platform bundled with reporting and analytical engines enables CFOs to take informed decisions on spending, while leveraging our Business Process Services.
Over the years, our online Accounts Payable services have assisted companies precisely execute tasks for free credits, payable days, purchase order mandates, posting business transactions, salaries, invoice processing, verifying financial data and more. Our focus on invoice mapping and reconciliation has helped clear unpaid bills within deadlines and avoid getting penalized. In the process, we have been successful in keeping all the stakeholders of our clients happy and assisting them to focus on all their mission-critical issues.
Services we offer
- Invoice receipt, indexing and coding
- Invoice processing and exception handling
- Tax filing, payments and statutory reporting
- T&E administration
- Standard pricing information processing
- Aging report preparation and processing
- Monthly AP ledger processing
- Invoice approvals and 3 -way match
- Payment processing
- Vendor master data administration
- Purchase orders processing
- Debit memos processing
- Monthly sales tax processing
Robust Service Level Agreements
- Invoice posting on time - Average days from invoice receipt to posting
- Invoice processing accuracy - Number of processing errors vs total volume of invoices
- Average days to pay - Average days between pay and due date
- Payment on time - Payment date against payment terms
- Master data response time - Average hours from request to creation and adjustment
Accounts Receivable (O2C)
Visionet’s cash application and Integrated Receivable platform bundled with reporting and powerful analytics enables clients to drive KPIs such as Days Sales Outstanding.
Services we offer
- General accounting and bookkeeping
- Inter-company accounting
- Cash and treasury management
- Management reporting
- Revenue accounting
- Financial statement preparation
- Fixed assets accounting
- Bank and general ledger reconciliations
- Financial reporting
- Inventory management and accounting
- Closing accounting
Robust Service Level Agreements
- Month-end tasks performed on-time
- Tax filings performed on-time
- Accuracy % of manual journal entries
- Volume of activities performed monthly (journal entries, reconciliations, etc.)
- Balance sheet account reconciliations performed on-time
- Accuracy % of account reconciliations
- Number, amount and aging of unreconciled Items
Record to Report (R2R)
As organizations grow and business landscapes change, Record to Report requires goals beyond cost reduction and increasing efficiency.
Our R2R services help clients transform their general accounting, financial reporting, decision support and corporate finance functions, keeping controllership and compliance central to the job. Our services are backed by intelligent automation and advanced analytics. Visionet combines leading digital solutions and technology frameworks, for bespoke and future-ready Record to Report operations.
Visionet’s low-code automation suite extracts data from various sources and creates rules engines for highly complex reconciliation and other rule-based processes. Our BPM technology along with the best-in-class products drives open item reporting, research and clearance, allowing meaningful inference to analyze the overall health of balance sheets.
Services we offer
- General accounting and bookkeeping
- Inter-company accounting
- Cash and treasury management
- Management reporting
- Revenue accounting
- Financial statement preparation
- Fixed assets accounting
- Bank and general ledger reconciliations
- Financial reporting
- Inventory management and accounting
- Closing accounting
Robust Service Level Agreements
- Month-end tasks performed on-time
- Tax filings performed on-time
- Accuracy % of manual journal entries
- Volume of activities performed monthly (journal entries, reconciliations, etc.)
- Balance sheet account reconciliations performed on-time
- Accuracy % of account reconciliations
- Number, amount and aging of unreconciled Items
Financial Planning & Analysis (FP&A)
Visionet offers a suite of services to drive predictive analysis and actions to drive the top and bottom lines of each global business unit.
Services we offer
- Tracking accounts payable and receivable
- Cash flow forecasting and planning
- Bank/credit card/cash report conciliation
- Cash flow budgeting
Cash Flow Management Services
- Identifying sources of cash
- Monitoring cash flow
- Reviewing and adjusting your plan
- Forecasting cash needs
- Taking corrective action
Robust Service Level Agreements
- Near-term tactics to create agile frameworks:
- Insights on demand
- Resetting forecasting models
- Legacy-building operations for lasting return on investments:
- Data solutions
- Cloud-based planning solution
- Business KPI trees
- Operating model design
- Medium-term goals to refine cost-to-serve:
- Process maturity assessment
- Process automation assessment
- Reports rationalization
- Software license cost optimization
Compliance, Controls and Enforcement
Visionet’s accounting transformation services and solutions ensure compliance with all federal and state tax laws. We affirm that businesses comply with standard operating controls, financial policies and regulations. Our solutions helps organizations stay current with labor legislation and any changes in employee insurance and tax regulations.
Compliance services address implementing and reinforcing financial data confidentiality, conducting database backups when necessary, and ensuring timely bank and tax payments.
Services we offer
- Key process mapping
- Separation of authority; record-keeping and custody
- Coordination with external auditors and regulatory agencies
- Creation of internal audits
- Physical inventory controls
- Consistent review of key metrics
