Subscribe to TECHADE: Shaping Companies to Enterprises by CEO

Accounts Payable
Management Services

A happy vendor ecosystem starts with
a well-managed accounts payable function.



Contact Us

Introduction

A robust and organized Accounts Payable process can help your organization in making payments efficiently, cost-effectively and accurately, thus lowering the cost of operations. As a business evolves in terms of volume or geographically, automating the Accounts Payable process becomes pivotal for organization’s success. This not only improves vendor relations and optimized use of cash but also enhances visibility and control over the process.

Accounts Payable Solutions by Mynd

Mynd is equipped with a wide range of offerings that help clients manage their end-to-end accounts payable function. Using the extensive experience of two decades in giving simplified solutions to complex business problems, we have built tech-enabled solutions that adds value to your accounts payable department. We not only deliver core service effectively and efficiently but we also help drive continuous improvement in the process by offering best in class performance and costs by facilitating smooth transactions and optimized payable processes. Our solution help managers have control over entire AP Process and identify the bottlenecks beforehand, thereby preventing any process chocking.

Better Controls

Standardized & transparent processes for complete control

Improved Efficiency

SLA based payments & TAT with flexible & automated processes

Enhanced Savings

Variable transaction fee model and huge savings on overheads

Get in Touch

Subscribe to ours mailing list.

Scope of Services

Mynd Integrated Solutions boasts of a wide range of service offerings that help clients manage end-to-end accounts payable function. A quick look at the below scope of services provided by us will help understand the 360°approach adopted by Mynd in managing the accounts payable function.

  • Frontend Invoice receiving & verification
  • Single point of contact for vendor queries
  • Voucher movement management—upstream & downstream
  • Ageing & staging control of vendor invoices
  • Checking & verification
  • Matching (2 way/3way way) & accounting of invoices
  • TDS & WCT deductions
  • Parking & Posting

Invoice Copy Management-Pre & Post Processing

  • Invoice scanning & Indexing
  • Workflow Initiation
  • Management of E-Library of invoices
  • Ageing & staging control of vendor invoices
  • Analyse Creditors Ageing
  • Payment Run
  • Payment File Preparation/Upload
  • Payment Advise

Payables Process-Transformed

How a finance process is transformed with the help of digital Automation:

60 - 70% Automated*
Source/Input
90% Automated*
Processing
70% Automated*
Record Keeping

*Potential

Mynd PEARL – AP Automation

PEARL is a digital trade payables automation tool that streamlines an organisation’s “Procure to Pay” business cycle resulting in tangible savings & an improved partner ecosystem. PEARL comes with intelligent AI enabled OCR that improves the overall operational efficiency of the process and BOTS that provide ERP agnostic systems where native ERP is not to be exposed. Our Domain knowledge has been at the core of the platform, which delivers practical and effective solutions to repetitive yet critical business functions.

Learn More

Case Study

The project was for a premier distribution and Information Technology (IT) services & solutions company. The company's principal activities included Cellular Phones and Computers/Microprocessor-based systems. It’s segments include Hardware Products & Solutions, and Distribution. Before the implementation of PEARL, the client had a distributed resources and infra operations spread across 26 regional offices in India and 4 Asian countries. This 40 year old company is registered on BSE and is part of a large Business House of India.

Testimonials

What clients say

Country Head HR

of a US based MNC that produces test and measurement equipment and software

“This is in appreciation of our association with Mynd Integrated Solution Pvt. Ltd. As a recipient of their Payroll Processing services along with Leave & Attendance administration (through SaaS based HRIS tool). We would like to place our recommendation for employing Mynd Integrated Solutions Pvt Limited as your service provider.”

General Manager HR

of a non-for profit company incorporated in 2002 by the Government of India and NASSCOM

“Mynd Integrated Solutions Pvt Limited handles the Payroll Administration and provide HRIS software for our 650 plus employees spread across locations PAN India. We wish to recognize Mynd Integrated Solutions Pvt Limited as a value adding service provider for us; and would like to place our recommendation for employing Mynd Integrated Solutions Pvt Limited as your service provider for managing payroll and it’s related functions.”

Chief Financial Officer

A Leading Indian Telecom Infrastructure Industry

Mynd Integrated Solutions Pvt Limited is providing Satisfactory Services for our Project in the following areas- Automated Employee Lifecycle thru Employee Information Portal, Leave and Attendance Module, Travel and Expense Management, Compensation & Retirals Benefit Administration and Help Desk along with Defining Process Flows for Leave and Attendance, Travel and Expense Claim, Payroll Approvals in e HRIS application. Mynd has successfully implemented Vendor Business Process Management (Purchase to Pay Application) on VBPM Application.

Manager HR & Admin

A Global Company offering English Language Testing Services

We appreciate the services of Mynd Integrated Solutions Pvt Limited on providing accurate and timely payroll. This includes TDS calculation, Statutory Compliances, IT return file, employee final settlements and understanding of our time to time MIS requirements.

Mynd Automation Suite

Book a Demo