Accounts Payable Management / Medical Device Company | Assivo

Accounts Payable Management / Medical Device Company

Accounts Payable Management / Medical Device Company

Accounts Payable Management / Medical Device Company

Nadia Swofford
(Business Development)

July 6, 2020   |   6 min read

The Client Company

Our client is a privately-held manufacturer of medical devices, with an operating history of 100+ years and annual revenues of over $500 million.

Client’s Challenges

Our client’s controller and CFO struggled with retention and performance management for their accounts payable staff.  The department was chronically understaffed and the AP process required human judgment and manual intervention.  The company had a high volume of invoices to process for payment, and their suppliers and vendors were continuously disappointed with their processing time.

assivo's solution

Assivo started off our relationship with this client by filling a hole in their accounts payable department, and staffing 5 full-time associates to handle invoice processing and accounts payable approvals. Our team quickly learned the rules and procedures that our client company had set over the years, and integrated with their in-house team to handle overflow. Over time, Assivo’s accuracy, reliability, and affordability led to the client shifting the entire accounts payable function over to us, and increasing the team size to 12 full-time associates.

About Assivo

Assivo provides progressive and technology-enabled business process outsourcing solutions to SMBs, middle market companies, startups, and emerging growth companies across a wide variety of industries. This segment of the market is often underserved by large/legacy outsourcing firms, yet disappointed with the quality of service that they receive from small and mid-size providers.

We utilize modern technology, automation, and talented offshore teams to accelerate our clients’ business objectives in a cost-effective manner without sacrificing quality.

Our primary service offerings are: Data Entry & Processing, Research & Data Collection, Lead Generation & CRM Management, Data Cleansing & Data Enrichment, Data & Content Moderation, and Back Office Processing & Support.

Assivo was founded in 2016 by Karan Vaswani and is headquartered in Chicago, with state-of-the-art operations in India.