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

My-Villages announces DockMaster Cloud customers

My-Villages announces DockMaster Cloud customers looking to automate accounts receiveable and other business processes. [ Read More ]
11/24/2014

HighRadius Announces New Cash Application Automation Solution

HighRadius uses artificial intelligence and machine learning to automate cash transactions. [ Read More ]
11/24/2014

Accounts Receivable Fiscal Year-End Checklist-Making a List and Checking it Twice

This may be the holiday season, but for accountants it is the start of busy season. It is time for many companies to start working on closing the books for both the calendar and fiscal years, and to say the least, getting a handle on accounts receivable is a major priority. [ Read More ]
11/20/2014

OmniSYS Partners with MED Group for Revenue and Compliance Services

The MED Group provides its clients-medical businesses of varying types-with educational materials, training, accreditation, and reimbursement services that all serve to make those clients function more effectively as health service providers. It recently announced its latest agreement, a contract with Medicare claims reimbursement company OmniSYS, which will provide the reimbursement firm with revenue cycle management and compliance services. [ Read More ]
11/18/2014
FREE Accounts Receivable Management enewslettter.

Events

Weekly Live Demo
Contact Center Solutions

Register Today!


Weekly Live Demo
CaaS Small Center

Register Today!