The client’s Finance Department needed an Accounting Support Team to assits with different corporate accounting tasks and jobs.
To put together a knowledgeable, efficient, and measurable accounting team to perform a variety of tasks that involves accounts receivable, accounts payables, and customer setup. The team will record and report the cash flow transactions of our client’s operations.
Avanza-Logistics created an Accounting Support Department that consists of 12 agents and a manager. The tremendous success of our team has been praised by our client’s Finance Department. Our team has blended perfectly with our client’s Finance Department and they both work together seamlessly. A growth plan has been discussed with our client and this team will keep adding agents as the account and finance workload keeps increasing.
The Customer Setup team completes around 20 new customer profiles in our client’s system. They also finalize around 15 setups for new vendors that will start doing business with our client.
The Accounts Payable team processes an average of 170 invoices for payment a day. Around 400 invoices are approved for payment aging daily as well. 50+ payment status inquiries are handled and taken care of. Lastly, they process payment for 60 to 100 transactions a day.
Our client works with 1,900 vendors and our Accounts Receivable team is responsible for completing balance statements and invoices for them. The team does this in different ways, some of our client’s customers utilize online portals for invoicing. Some other require weekly balance statements or during the first two weeks of the month. In general, 150 to 250 invoices are processed every day and 50 balance statements are sent out a week.
We take pride to be providing support to an important and essential department in a company organization. Avanza Logistics is part of a bigger role ensuring the efficient financial management and financial controls needed to support all business activities.
