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

Before You Reach Out to Customers, Ensure You Know the TCPA Rules

Every contact center today understands the "Telephone Consumer Protection Act," or TCPA. First introduced in 1991, the TCPA has been amended many times to keep up with technology, and has had a federal do-not-call registry added under its umbrella. The purpose of the TCPA was to curb telemarketing abuses and avoid transferring costs to consumers at a time when mobile phones typically included fees for incoming calls. [ Read More ]
04/17/2014

Paymentus Acquires Tele-Works, Inc.

Paymentus, a next-generation provider of unified, cloud-based billing and payment solutions, has acquired Tele-Works, Inc. (TWI). [ Read More ]
04/15/2014

ZirMed Acquires TransEngen's Solutions

ZirMed, a health information connectivity and management solutions company, recently completed the acquisition of a payment processing, patient eligibility and patient estimation business solutions owned by TransEngen Inc., a company located in Shelton, Conn. The solutions acquired by ZirMed feature practice management systems, expanded HIPAA- and PCI-compliant patient online bill pay capabilities, and a unique patient responsibility calculator. [ Read More ]
04/14/2014

SAP and Accenture Deepen Partnership

Accenture and SAP's Ariba unity to jointly develop next generation ARM and business process automation solutions. [ Read More ]
04/11/2014
FREE Accounts Receivable Management enewslettter.

Events

Weekly Live Demo
Contact Center Solutions

Register Today!


Weekly Live Demo
CaaS Small Center

Register Today!