Why outsource your Procure to Process?
Outsourcing your procure-to-process (P2P) cycle to Nikko offers a multitude of benefits. By entrusting us with your P2P needs, you can focus on growing your business while we take care of the time-consuming and tedious process. Our team of experts will handle the process with efficiency and accuracy, ensuring that your business maintains a positive relationship with suppliers and a strong reputation in the industry. At Nikko, we understand the importance of a streamlined P2P cycle, and we are dedicated to providing customised solutions that meet your unique needs. Choose Nikko for a stress-free and high-performing P2P process.
What services are outsourced under Procure to Process?
Nikko Outsourcing, with its distinct people, process, and platform strategy, provides a wide range of outsourced P2P services for organizations of all sizes and across sectors.
Accounts Payable Processing
Outsourcing your accounts payable to Nikko can help you improve the efficiency of your accounts payable processes. Our experts are trained in streamlining payment processes, allowing you to take advantage of early payment discounts and avoid late fees and missed bills.
Accounts Receivable Processing
Accounts Receivable refers to the money that is owed to a business by its customers for goods or services that have been sold but not yet paid for. Outsourcing this critical process to Nikko will help improve your cash flow management and ensure timely collections while freeing up resources to focus on core business activities. With our expertise and advanced technology, Nikko can provide you with a more efficient and effective accounts receivable process.
1099 Processing
At Nikko, we understand the importance of accurate and timely 1099 processing for your business. Our team of experts is trained to handle all aspects of 1099 processing, from collecting information from vendors to generating and filing the forms with the government. By outsourcing 1099 processing to Nikko, you can save time, avoid potential penalties, and focus on growing your business. Choose Nikko for seamless and efficient 1099 processing.
Payment Processing
Payment processing refers to the tracking, documenting, and reconciliation of payments that a business receives. It is a crucial aspect of a business’s financial operations, as it helps to ensure that payments are recorded accurately and that any discrepancies are promptly addressed. Nikko can help a business to reduce the risk of errors, increase efficiency, and free up its internal resources to focus on other important tasks.
Payroll Processing
Payroll Processing is the process of maintaining accurate and up-to-date records of employees’ salaries, bonuses, deductions, taxes, and other related information. This includes tracking employee hours worked, calculating payroll taxes and other deductions, and producing paychecks or direct deposit statements. Accurate payroll processing is critical to ensuring that employees are paid accurately and on time, and it also provides the basis for preparing various tax and compliance reports. Outsourcing payroll processing to a specialist provider, such as Nikko, can help businesses streamline their payroll processes, reduce administrative burdens, and minimize the risk of errors.
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