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Looking for a trusted outsourcing company for your accounts payable work? Let me tell you you have reached the exact place to find our solution. We are going to talk about the 5 top accounts payable outsourcing companies in this blog. Let's go!
Before we begin the main section, I would like to clarify some fundamentals of accounts payable (AP). It's a genuine problem that there's a shortage of reliable accounting staff who can manage payables. On the other hand, because of this problem, you can't mess with your vendor payments. They need to be paid on time, even if you don't have AP professionals.
So, the solution is one – OUTSOURCING. Like Warren Buffet once said, "I believe in the power of outsourcing", he states that in the context of entrepreneurship hardships. It means, when you are facing something tough then you must hire expert people via outsourcing.
Accounts Payable/ Balance Payable Meaning
Balance Payable or Accounts Payable is the total sum your company owes to the suppliers for goods or services but you didn't make payment yet. Basically, your due payments (which you need to make) to creditors are managed through the balance payable/AP account.
Is accounts payable a current liability?
Yes, AP is a current liability and it appears in the current liabilities section on the balance sheet. It's a key figure in the balance sheet that defines the relationship between the company and its vendors.
Indicators
When you notice an increase in AP (comparing last year's balance) then it indicates the company is buying more things on credit. In the opposite case, i.e., a decrease in AP balance always indicates the company is paying its debts faster than the purchase.
Why AP Management is Crucial?

Managing AP is critical and super important for a company to gain confidence from its vendors. It's a direct indicator of cash flow matters and shows a company's relationship with its suppliers. So, it's important to manage AP as per the accounting rules for;
- Making payments on time
- Avoiding late payment fees
- Maintaining good relationships with suppliers
Hope now you have understood the value of AP management for the benefit of your company very well. Get some accounting data entry specialists to help you out with the accounting procedure. They can handle your invoices, verify details, and keep your payment system active. Let's find a good outsourcing company where you can get these professionals cost-effectively.
5 Top Accounts Payable Outsourcing Companies
We are entering into 2025 where software systems are performing most of the AP tasks. Still, the demand for accounting data professionals has not faced yet. The reason is simple, companies need quick processes but can't compromise on quality. Furthermore, it's a matter of money, transaction, and payments. So, humans are better than software in all possible ends. That's why outsourcing companies are there to help you out with accounts payable processing tasks.
Have a quick glance at these outsourcing companies and find what suits your AP requirements the best.
AskDataEntry
India-based AskDataEntry is one of the top leaders of industry-driven bookkeeping and accounting data entry service providers. It has been currently associating with the US government for multiple accounting data entry projects. For the last 10 years, the company has been handling accounts payable data for various organizations including the government.
The best part is the company is operating from India and professionals are located there only. So, if you are planning to outsource your AP work with this company then it would save your labor costs also. AskDataEntry is very particular about its professionals and it arranges quarterly training sessions to upgrade their skills.
With time, the company has upgraded its technology as it incorporated cutting-edge tools in its accounts payable processing tasks. It demonstrates their exceptional skills in the following aspects;
- The cost of processing invoices can be reduced by 85%
- Settle payment 11X times faster than other outsourcing agencies
- Scale up the AP processing tasks within 8 hours
Helping companies with AP processing and other accounting data entry work is the primary offering of AskDataEntry. It frees up time for busy professionals by helping them do their important payment processing work. It offers;
- Invoice scanning through OCR
- Sorting and classifying invoices
- Extract data from invoices
- Coding general ledger
- Verifying invoice information
- Uploading invoices and compliance
- Processing vendor payment data
- Reconcile settlements
- Manual invoice verification
Integration of payable data with ERP is crucial and here, AskDataEntry stands truly exceptional. The company has the right skillsets and technology to make this integration possible without errors. They make sure that you get a seamless flow of financial data through their AP process optimization system.
Ardem Inc.
Since 2004, Ardem Inc. has been showing its exceptional data processing services in multiple categories, including the accounting payable. It provides phenomenal support in scanning invoices, processing vendor payments, and invoice automation.
Previously, the company has helped the US government in various invoice processing work. So, it has a wider recognition than its closed competitors when it comes to providing outsourcing services.
They only take two weeks to set up a multinational team where they pool their best talents from their offices across the globe. They hugely focus on building custom solutions to meet their clients' project requirements. They claim to be number one when it comes to identifying AP requirements. Moreover, they ensure to delivery of the best solutions with their solid skillset and technology.
Recently, the company introduced Ardem Invoice Capture & Extraction (AIM) software to scan and extract invoice data. It just went ahead to incorporate Artificial intelligence (AI) and Machine Learning (ML) features into the software. As a result, it made invoice processing faster and automated. Introducing software for invoice processing made Ardem one of the top accounts payable outsourcing companies at this time. Even many of its competitors haven't imagined yet to build such things.
The bookkeeping data entry team at Aredm can handle invoice processing of the following platforms;
- Netsuite
- Bill.com
- Zoho
- Quickbooks
- Microsoft Dynamics
Besides software, the company has its own cloud-based system that allows it to store invoices and operate automation. Plus, they transfer invoice data directly into the client's existing database through its cloud system. The quality of work and the sense of compliance have made Ardem a good company that you can trust for AP outsourcing.
ILM Corp.
If you're looking for US-based companies to outsource your AP processing then no look further! ILM Corporation can suit you the best. This Virginia-based company is a leading provider of accounts payable processing services. For the last 40 years, this company has been helping businesses in their accounting process and meeting data needs.
In tech matters, the company is amazingly advanced and super savvy. It currently has an advanced cutting-edge scanning and exception-handling system that automatically adjusts and processes invoice data. Mainly, this system automates invoice scanning and processing tasks.
If saving costs is your major concern then this company can rightly fit your needs. Currently, it is offering early-payment bonuses where you can get their services by paying less. They also provide back-office support where you can free up your vital business time without compromising on your operational limits.
Interestingly, ILM offers designated project managers for each of their projects where they take care of every aspect of their project in detail. They are the single point of contact for handling all projects.
GEP
GEP is a full-suite accounts payable service provider operating across the globe. From the companies featured in Fortune 500 to Global 2000, GEP as an AP service provider is a common name. It covers the different spectrum of services which include;
- Document scanning
- Invoice data extraction
- Scanning and matching invoices
- Managing exception
- Process payment and cost recovery
- Auditing invoices
The company provides comprehensive AP solutions where it covers both source-to-pay and procure-to-pay. Interestingly, it has its own cloud-based source-to-pay platform, which is also mobile-enabled. Therefore, they directly take your data from your database and securely put the processed data as a return.
Whenever needed, the company is available to assist you in solving any AP-related query. But what makes GEP different is that they host a value-added consulting service. You can discuss spend analysis, cost management, and other things also including supply chain. The in-build AP system of GEP detects hard-to-track transactions easily.
Quadrant AP
Beanworks (now Quadrant AP) is a dedicated AP processing company that has a track record of processing $31 billion of AP spend for blue chip companies. The company also provides AP software besides providing AP processing outsourcing services.
With robust technology, the company has supercharged its payable processing. It mostly helps its clients automate PO generation, invoice entry, processing payments, and preparing regular updates. Plus, it automates most of the tasks like expense management, payment approval, etc.
As per the company's reports, its data AP processing software can eliminate up to 83% of data entry errors. Added to that, it can reduce time on data capture too.
Now comes the best part, you can integrate the software into other popular accounting platforms including Netsuite, Quickbooks, SAP, etc. It will make the tasks of AP processing simple and smart like never before. Further, the company has its free Beansprout cloud-based payment approval portal where they manage the expense tracking process. If you're looking for a software-based balance payable processing system then give this company a try. It's best in that.
Try What Suits the Best
Outsource process or people, in both ways, it's a win-win game. However, choosing people over process or software can provide you with some extra brownie points. To handle software, you need people, who think this way. When you choose people then it will help you manage your process without any headaches.
Choose one of the top accounts payable outsourcing companies that can provide you with qualified people. AskDataEntry stands here with a little difference as it focuses more on people who know how to handle your balance payable processing tasks. We have been helping businesses like yours for the last 10 years with our constant support system.
Last but not least, before you choose any company to outsource AP processing, here are some details you must consider.
- ISO certification
- PCI DSS compliant
- HIPAA compliant
- GDPR compliant
- SOC Type 2 audit
- SOX compliant
If the outsourcing service-providing company meets all criteria then it's a good choice. You must delegate your tasks to that company without any hesitation.
We are also compliant with all the above-mentioned categories