Companies today are continually being challenged to reduce costs, extract the most value possible from their expenditures, and meet complex regulatory requirements. NEX innovative and flexible Accounts Payable Services provide customers with the ability to transform their accounts payable processes into an automated system which is driven by business rules, resulting in lower processing costs, improved controls, higher service levels and higher business intelligence.
These services have been developed by NEX based on its extensive process experience and deep understanding of customers needs across industries. The integration of multiple technologies provides customers with accounts payable services which are quick to implement, dependable, flexible and cost efficient. NEX Accounts Payable Services speed-up the accounts payable approval process and provides proper documentation and audit trails. Customers have early visibility of invoices which improves the ability to accurately accrue expense. NEX provides customers with innovative and comprehensive accounts payable services which are second to none within the industry. This enables our clients to transform their complex accounts payable processes to an automated system which are driven by business best practices, lower processing costs, improved controls, better service levels, usage of business intelligence and other IT capabilities.
We Offer accounts payable, accounts payable workflow setup, payables vendor management, employee expense processing, project (construction) cost management and accounting. We understand the essentials of our clients across industries and region .
Frequently Asked Questions (FAQ)
1. What are bookkeeping services?
Bookkeeping services involve maintaining accurate and organized financial records of a company’s transactions, including purchases, sales, receipts, and payments.
2. What are the benefits of hiring bookkeeping and accounting services?
Hiring bookkeeping and accounting services helps businesses to maintain accurate financial records, make informed business decisions, and comply with relevant tax and regulatory requirements.
3. What are the tasks performed by bookkeepers and accountants?
Bookkeepers and accountants perform tasks such as maintaining financial records, reconciling bank statements, invoicing customers, processing payroll, preparing financial statements, and filing tax returns.
4. How can bookkeeping and accounting services help businesses in UAE?
Bookkeeping and accounting services can help businesses in UAE to comply with UAE tax and regulatory requirements, improve financial reporting, make informed decisions, and focus on core business activities.
5. What is the difference between bookkeeping and accounting services?
Bookkeeping services involve recording financial transactions, while accounting services involve analyzing and interpreting financial data to provide insights for business decisions.
6. What are the qualities of a good bookkeeping and accounting service provider in UAE?
A good bookkeeping and accounting service provider should have experience and expertise in UAE tax and regulatory requirements, use modern technology for bookkeeping and accounting, provide timely and accurate financial reports, and offer personalized services to meet the specific needs of each client.
7. How much do bookkeeping and accounting services cost in UAE?
The cost of bookkeeping and accounting services varies depending on the complexity of the business, the type of services required, and the experience and expertise of the service provider.
8. How can businesses choose the right bookkeeping and accounting service provider?
Businesses in UAE can choose the right bookkeeping and accounting service provider by considering factors such as the service provider’s experience and expertise, reputation, range of services offered, technology used, and pricing structure.
