SourceNet offers a wide range of outsourcing services to meet your needs. Core solutions and capabilities include:
Accounts Payable Management
SourceNet’s Accounts Payable services incorporate an end-to-end solution for managing receipt, processing, and payment of our clients’ invoices. SourceNet utilizes best in class processes and procedures coupled with the latest technology solutions including imaging and automated workflow to complement existing client ERP platforms and create an environment that results in increased efficiency, quality, and visibility. Key Accounts Payable services include:
Document Services – SourceNet supports receipt and management of all paper-based payables documents including sort, batch preparation, scanning, and document storage and retrieval
Transaction Processing – SourceNet facilitates data entry of all paper-based payables transactions, management of electronic invoice formats, front-end suspect duplicate control, and automated workflow initiation
Exception Management/Resolution – SourceNet’s dedicated support structure for complex resolution provides proactive management of exception transactions through research and interface with supplier and client personnel
Customer Service – SourceNet’s professional call center agents facilitate timely and quality resolution of client and supplier inquiries
Suspect Duplicate Analysis – SourceNet provides enhanced audit and control mechanisms to reduce or eliminate the risk of duplicate payments inclusive of a dedicated team of resources to support recovery and reclamation
Disbursement Services – SourceNet supports all facets of the payment process including check printing and distribution, electronic payment handling, returned check processing, positive pay and other disbursement related services; SourceNet’s standard practice is to utilize a client funded account to support payment processing and eliminate client “float” costs
Information Management – SourceNet’s processes and technology offer enhanced process visibility and enables a multi-layered reporting structure to effectively measure key performance indicators
Other Services – SourceNet has the experience, knowledge and expertise to support additional services including account reconciliation, tax and audit support, 1099 printing and distribution, P-Card management, and other special projects
Utility Bill Management
As an extension of our Accounts Payable Management services or as a stand-alone solution, SourceNet’s Utility Bill Management offering provides clients access to enhanced energy information, automated audit and control mechanisms, and web-based information presentment and reporting capabilities. The result is a comprehensive bill management solution that enables significant improvement in overall accuracy, reduction of late fees, and access to detailed usage and consumption data that can be leveraged to provide considerable energy procurement savings. Key elements of SourceNet’s Utility Bill Management services include:
Bill Receipt and Management – SourceNet provides timely receipt and management of client utility bills including sort, bath preparation, scanning, and document storage and retrieval
Pre-Payment Bill Processing – SourceNet supports comprehensive data capture of both accounting and usage and consumption data to facilitate timely bill payment and presentment of detailed energy information for analysis
Post-Payment Bill Processing – SourceNet’s post-payment processing service facilitates capture of usage and consumption data for presentment of detailed energy information for analysis
Quality Control and Audits – SourceNet executes over 30 quality control and audit validations against each utility bill captured in our system to ensure accuracy
Disbursement Services – For pre-payment clients SourceNet supports all facets of the payment process including check printing and distribution, electronic payment handling, returned check processing, positive pay and other disbursement related services; SourceNet’s standard practice is to utilize a client funded account to support payment processing and eliminate client “float” costs
Customer Service – SourceNet’s professional call center agents facilitate timely and quality resolution of client and supplier inquiries
Utility Data Reporting – SourceNet’s web-based energy management system enables client users and/or contractors access to a wide variety of standard and customized reports to effectively manage energy spend
Payroll Management
SourceNet’s Payroll Management services provide a comprehensive solution to streamline this labor intensive and time critical function. We target inefficiencies and inaccuracies of manual processing through concentrated efforts to move to more automated systems backed by experts in payroll service and support. Key Payroll Management services include:
HR Data Capture – SourceNet deploys resources to support collection and capture of critical payroll data including new hire setup, employee modifications, terminations, and other key information imperative to accurate processing
Time Capture – SourceNet ensures accurate and timely capture of time to conduct a smooth payroll cycle
Time Calculation – SourceNet’s experienced payroll professionals perform a series of control and validation audits to verify accuracy of each employee payment
Customer Service – SourceNet’s professional call center agents facilitate timely and quality resolution of employee inquiries
Disbursement Services – SourceNet support all facets of the employee payment process including direct deposit file handling and physical check print and distribution to ensure timely disbursement; SourceNet’s standard practice is to utilize a client funded account to support payment processing and eliminate client “float” costs
Tax Administration – SourceNet has the knowledge and expertise to support complex tax reporting, filing, and reconciliation requirements
Garnishments – SourceNet provides management and support of employee deductions for payment to state and other government agencies to avoid costly penalties
Other Services – SourceNet has the experience, knowledge, and expertise to support additional payroll related services including printing and distribution of W-2’s, audit and reconciliation, and other special projects as required to meet client needs
Other Process Management Services
SourceNet supports a variety of additional Finance and Accounting related processes that are typically considered transactional in nature and therefore enable consistent application of our core service offering practices and methodologies. Examples of other process management capabilities include:
|
•
|
Accounts Receivable
|
|
•
|
Customer Refund Processing
|
|
•
|
Document Management
|
|
•
|
Procurement and Travel Card Program Administration
|
|
•
|
Travel and Expense Reporting
|
