Accounts Receivable Management Featured Article

API Outsourcing Unveils New SaaS Product

August 21, 2012

API Outsourcing, a provider of cloud-based finance and accounting (F&A) services, exclaimed that its accounts payable services is now available to users as an Software- as- a- Service (SaaS (News - Alert)) option.

API asserted that its 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. The integration of multiple technologies provides customers with accounts payable services which are quick to implement, dependable, flexible and cost efficient.

The newly announced SaaS product supposedly merges state-of-the art workflow and document imaging technologies to enable the conversion of manual accounts payable processes into automated paperless processes. Staff performance is improved via these streamlined procedures built into the SaaS product which in turn also maximizes efficiency and profitability.

Some of the notable benefits of employing API’s Account Payable product are: easy replacement of manual paper-based processes; invoice visibility within 24 hours of receiving; reduction of processing costs by up to 60 percent; enhanced SOX compliance and control; easily accessible audit trail; rapid implementation; better managed DPO; and more.

The SaaS product’s location based security feature enables multi-location companies to easily send automatic notifications to alert personal about specific tasks. There are also provisions for personal to respond back appropriately.

API also claimed that it employs Six Sigma practices to ensure high-quality, consistent service and its annual SAS (News - Alert) 70 Type II Audit provides customers with the assurance that API’s operations controls are in place to provide customers with dependable service.

In related news, API Outsourcing was picked by Avendra to outsource and automate invoice processing and API and National Business Systems established strategic partnership.

Want to learn more about the latest in communications and technology? Then be sure to attend ITEXPO West 2012, taking place Oct. 2-5, in Austin, TX.  Stay in touch with everything happening at ITEXPO (News - Alert). Follow us on Twitter.

Edited by Brooke Neuman

Article comments powered by Disqus

Related Accounts Receivable Management Articles

Best Rate Collection, LLC Positioned to Disrupt the Commercial Collections Industry

Best Rate Collections has designed the first "Bid Board System" where companies can post their bad prime debt in an auction type environment. [ Read More ]

e2b teknologies Puts Some Accounts Receivable Management Fears to Rest

e2b teknologies white paper dispels 7 fears associated with automating accounts receivable management. [ Read More ]

ACCA and IMA Launch Financial Website, Research

The Association of Chartered Certified Accountants (ACCA) and Institute of Management Accountants (IMA) are working together to positively affect the future of the accounting industry. They recently launched new research and an associated website, The Future Today, that means to offer industry professionals access to insight about the accounting and finance professions. [ Read More ]

Marketron Brings Media Companies a Third Party Payment Processing Tool

Enhanced Marketron Traffic 7.2 revenue management system includes new third party payment processing service. [ Read More ]


Weekly Live Demo
Contact Center Solutions

Register Today!

Weekly Live Demo
CaaS Small Center

Register Today!