AB Capital Services

ACCOUNTS PAYABLE

Dubai is one of the most important financial hubs in the Middle East. Accounts payable services are widely available there, and many businesses outsource their accounts payable functions to specialised companies. By doing so, companies can maintain positive relationships with suppliers and ensure financial stability.

AB Capital's Accounts Payable Services

To help businesses manage their accounts payable, AB Capital offers creative and adaptable services that cut processing costs, increase controls, and raise service standards. These services leverage innovative technologies and are created by API, which has vast process expertise and in-depth knowledge of client requirements across sectors. With AB Capital’s services, businesses can convert their manual accounts payable operations into an automated system run by business rules, allowing them to streamline financial management processes while maintaining positive relationships with suppliers.

Account payable outsourcing service in UAE

  • Recognizing internal controls and business processes

  • Creating the work processes and separating

  • File management and invoice input (digital/hardcopy)

  • Invoice processing (Validation and approval)

  • Invoice payment (Cheque/Electronic)

  • Reconciliations and records management

  • Month/Year end financial/Analytics reports

  • Vendor maintenance support

Benefits of our account payable service

  • Process Improvements & Productivity Boosts

  • 100 % invoice visibility within 24 hours

  • Faster approvals, faster period closes, and detailed accrual reports

  • Internal controls and regulatory compliance improved

  • Increasing working capital through better DPO management

Report generation process

Our team will prepare MIS reports, accounts payable ageing lists, and other reports to analyse how your payables can be better managed.

Payable workflow formation

We will set up an accounting software to manage your accounts payable workflow. This includes entering purchase transactions and creditor details during each visit, as well as tracking order approvals and payment due dates.

Vendor management

We will collect digital copies of your documents from relevant departments and upload them onto the accounting software. This includes inputting vendor information such as name, address, and payment terms, as well as the default general ledger for the expenses associated with each creditor.

Managing employee expenses

We will document all employee expenses by collecting receipts and creating a list, which will then be inputted into the system and paid according to their respective due dates.

Report generation process

Our team will prepare MIS reports, accounts payable ageing lists, and other reports to analyse how your payables can be better managed.

Payable workflow formation

We will set up an accounting software to manage your accounts payable workflow. This includes entering purchase transactions and creditor details during each visit, as well as tracking order approvals and payment due dates.

Vendor management

We will collect digital copies of your documents from relevant departments and upload them onto the accounting software. This includes inputting vendor information such as name, address, and payment terms, as well as the default general ledger for the expenses associated with each creditor.

Managing employee expenses

We will document all employee expenses by collecting receipts and creating a list, which will then be inputted into the system and paid according to their respective due dates.

Contact Us

Address

Office No 404, Al Tawhidi Building, Bank Street, Bur Dubai, UAE

Phone

+971-523655193
+971-585857119

Email Address

info@abcapital.ae

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