Efficient Accounts Payable Services to Optimize Your Business Operations
At DAX, we specialize in delivering comprehensive accounts payable solutions tailored to streamline your payment processes and improve financial management. From invoice handling to vendor data management, we ensure every step is accurate and efficient.
Master Your Payables with Ease
Turn Complex Payables into Simple Processes with DAX
Optimized Payables, Better Business with DAX
Simplified Invoice Management
Efficiently handle invoice processing with DAX. From validation to resolving discrepancies, we streamline the entire accounts payable process, saving you time and ensuring compliance.
Accurate Payment Solutions
Stay on top of your vendor obligations with DAX’s precise payment processing services. We optimize payment schedules, ensure timely transactions, and maintain clear, reconciled records for your peace of mind.
Process Invoices
We manage the entire invoice processing cycle, from receiving and validating invoices for compliance to matching and resolving discrepancies. Our services also include handling non-purchase order invoices and managing travel expenses, ensuring smooth and accurate financial workflows.
Approval Workflow
Our streamlined approval process routes invoices through appropriate departments for verification and ensures only authorized payments are made. This reduces errors, mitigates fraud risks, and enhances workflow efficiency.
Payment Processing
Once approved, we facilitate timely payments to vendors via various methods, including bank transfers, checks, and electronic payments. We also monitor payment terms to optimize cash flow and secure early payment discounts where possible.
Record-Keeping and Reconciliation
Our team manages document retention, clears unmatched invoices and receipts, and reconciles statements monthly. Additionally, we handle open purchase order clearing and sub-ledger closure, ensuring financial records are accurate and well-maintained.
Master Data Management
Maintaining up-to-date vendor information is critical. We conduct regular checks on vendor details, ABN verifications, and Google Maps validations to ensure all data remains accurate and reliable.