Manufacturing and Distribution
IQ BackOffice makes your back office as efficient as your shop floor
Precision, quality, efficiency and reliability are the key components to any manufacturing- related process, and your back office is no exception. IQ BackOffice delivers a full range of solutions to automate and streamline Accounts Payable, Accounts Receivable and other processes with a five-sigma average quality rating of 99.97% and savings of up to 70%.
“For one of the largest paper mills and packaging companies in the USA and Canada, we automated, reengineered and implemented a new Accounts Payable process. Previously, the client had high exception rates in the matching process of over 30%. Utilizing IQ BackOffice’s technology and best practices, we provided data to our client to help them reduce this to below 10%, all while reducing their costs by over 50%.”
IQ BackOffice Accounting Solutions for Manufacturing and Distribution Companies
We know manufacturing and distribution and all of the issues inherent in a complex, fast-moving business. Our Accounts Payable solution, for example, is able to:
- Handle blanket as well as regular purchase orders
- Complex unit of measure conversions
- International tax issues
- Classify exceptions by type of exception to understand the root cause of problems
- Invoices with missing PO information
- Complex discounts
- Receiving issues
- Problems with expired PO’s and those over their limits
IQ BackOffice also has expertise in complex billing and cash application. Whether you receive remittance advices with hundreds of lines or need to generate custom invoices for customers, we have built and automated processes for large enterprises to help them get better control and save costs.
With numerous clients in the manufacturing and distribution industries and millions of transactions processed each year, IQ BackOffice is ready to help you do more.
The Companies We Keep
IQ BackOffice works with leading global companies which include the world’s largest steel manufacturer, the largest technology and entertainment conglomerate, large retailers and restaurant chains across thousands of stores and e-commerce sites. Other major clients include distribution, energy, healthcare, real estate, and financial services companies.