Why set up an internal function for transaction processing when it can best be outsourced?

Transaction processing can take a lot of man-hours in an accounting function. This is not a core business operational area, and our expert view is that businesses are better off outsourcing this function. In-house transaction processing is often saddled with issues with extra headcount of staff, labour law obligations, and extra investment in office space and equipment. These could best be avoided by outsourcing transaction processing.

We support businesses in the following areas, either on- or off- client site:

Accounts Payable Processing: We process and pay clients’ invoices, and handle processes for all associated taxes (e.g. withholding taxes and VAT). As part of the service, we perform supplier/AP reconciliations, provide transactions upload files for client, and support client during tax audits.

General Ledger Accounting: We process client transactions up to the trial balance and also perform GL reconciliations.

Account Receivable: We perform AR reconciliations and also provide Joint Interest Billing support to specialised clients in the Oil & Gas industry.

Our practice relieves business of the burden of having a whole unit filled with people, training them and their Our practice relieves entities of the burden of having a whole unit filled with people, training them and their management including pensions and potential severance obligations. A company need not deal with this burden any longer when we are engaged in handling its transactions process.