API Outsourcing - FAO Services - AP Outsourcing | Document

API Outsourcing - FAO Services - AP Outsourcing | Document

2 Pages · 2010 · 152 KB · English

API Outsourcing, Inc. is a leading onshore Finance and Accounting Outsourcing (FAO) provider of innovative state- Bill Payment, Payroll Services

API Outsourcing - FAO Services - AP Outsourcing | Document free download

API Outsourcing FAO Services phone: 6516752600 | fax: 6516752699 | wwwapifaocom | © 2011 API Outsourcing, Inc About API Outsourcing API Outsourcing, Inc is a leading onshore Finance and Accounting Outsour cing (FAO) provider of innovative state oftheart document management, accounts payable, acc ounts receivable and accounting services headquartered in St Paul, MN By transforming manual paperdependent payables and billing processes through our imaging, bill delivery and workflow systems, customers minimize the labor intensive work associated with backoffice processing and can focus on their core business Outsourcing benefits include improved ca sh flow through improved DSO and controlled DPO This combined with reduced processing costs, increased business intelligence and improved customer/vendor relationships provides the ultimate value proposition API currently processes over one hundred million transactions annually, delivers worldclass quality, provides exceptional customer satisfaction, utilizes Six Sigma practices and performs a SAS 70 Type II Audit annually Why Outsource with API? The Company ƒ Single partner for all your FAO needs ƒ Stateoftheart technology ƒ Business Continuity Plan & Services (BCP) ƒ SAS 70 Type II Audit ƒ Six Sigma practices The Business Model ƒ No hardware or software costs ƒ Market leading pricing ƒ Eliminate IT resources & maintenance fees ƒ Option to start with spec ific process outsourcing & to upgrade to full outsourcing in multiple steps ƒ Quick to implement ƒ Convert fixed costs to variable costs The Solution Framework ƒ Electronic matching of support documents ƒ Reduced: Staffing requirements Duplicat e payments & late fees Data entry errors Processing & storage costs DSO Postage & material costs ƒ Capture of early payment discounts ƒ Extensive query & reporting capabilities ƒ Improved cash flows & controls ƒ Managed DPO R: 12/28/10 Document Management: High speed document scanning and data capture, OCR technology, web based archive and integration to customer systems Accounts Payable: Comprehensive invoice workflow automation, with routing for coding and approval, 24 hour visibility, accrual reports and integration to customer systems Accounts Receivable: High volume bill, statement and marketing printing, automated mail services, transpromo custom marketing, electronic billing options and in tegration to customer systems Accounting Services: Full accounting outsource services for both multiunit franchise networks and enterprise\midmarket customers and broad integration to customer systems API Solution Framework phone: 6516752600 | fax: 6516752699 | wwwapifaocom | © 2011 API Outsourcing, Inc API Outsourcing FAO Services (cont’d) Document Management Scanning & Data Capture ƒ 100% web based retrieval ƒ Multiple source documents: paper, fax & electronic ƒ Optical Character Recognition (OCR) technology ƒ Centralized document repository ƒ Augment archive with additional data ƒ Link documents associated with each transaction Archive Link Service ƒ Using Industry Standard SOAP Interface ƒ Retrieve/review archived documents Accounts Payable ƒ Replace manual paper based processes ƒ Improved SOX compliance & control ƒ Invoice visibility within 24 hrs of receiving Accounts Payable Starter (AP Starter) ƒ 100% paperless: mail prep, scan & data entry

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