INVOICE MANAGEMENT AND THEIR ENTRY IN TIMEKEEPING SOFTWARE

Jul, 2020By barcodeIP

Customer

  • A US-based Law Firm

Outsource function

  • Invoice Management

Challenge

Our client operates in a diverse setup which requires them to outsource certain functions and services to third party vendors which provide them services such as preparing drawings, preparing office action responses and filing patent applications in various countries. These vendors submit invoices for the work done to our client.

Because of the high rate of attrition and the cost involved in training new employees, the client struggled to control costs and retain efficiency. With the intention to bring down the cost of operations the client contacted barcodeIP. They were looking for support who could take up the function and efficiently manage it for them.

The primary focus was streamlining the invoicing process.

Solution

We worked with the client during the transition phase to understand the unique challenges and obtained an in-depth understanding of their process. In line with this understanding, we put together a two member team who worked directly with their in-house team to transition the invoicing tasks. The transition focused on numerous areas, such as:

  • Access rights to client’s server
  • Training to familiarize with the software and its functioning.
  • Training into the invoice management module.
  • Worked with the invoice types received from various firms with various tasks.
  • Understanding Professional Fee, Processing fee and expenses
  • Entry of invoice information to the software
  • Verification of invoice details from the email communication.
  • Flagging the discrepancies

Key Success Points

The most important achievement was timely accurate entry of information and a fast turnaround time.

Have a custom need? Reach us at mail@barcodeip.com

Get In Touch

barcodeIP is an intellectual property paralegal and secretarial support services firm. Our approach is based on understanding a Client’s need, following a defined process, achieving the desired results and working towards continual growth of our clients.

WRITE TO US AT

mail@barcodeip.com



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+1 815-617-9219 (USA)

+ 91-11-4183-5554 (India)

MEET US AT

Level 5, Ajit House, Building No – 12, Yusuf Sarai Community Center, Gautam Nagar, Green Park, New Delhi- 110049 India

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