API Outsourcing, Inc. is a leading Finance and Accounting Outsourcing (FAO) provider of innovative state-of-the-art document management, accounts payable, bill presentment and accounting services headquartered in St. Paul, MN. By transforming manual paper-dependent payables and billing processes through our imaging, bill delivery and workflow systems, customers minimize the labor intensive work associated with back office processing and can focus on their core business. Outsourcing benefits include improved cash flow, reduced processing costs up to 60%, increased business intelligence and improved customer/vendor relationships. API currently processes over one hundred million transactions annually, delivers world-class quality, provides exceptional customer satisfaction, utilizes Six Sigma practices and performs a SAS 70 Type II Audit annually.
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.
Bill Presentment: High volume bill, statement and marketing printing, automated mail services, transpromo custom marketing, electronic billing options and integration to customer systems.
Accounting Services: Full accounting outsource services for both multi-unit franchise networks and enterprise\mid-market customers and broad integration to customer systems.
Why Outsource with API?
Single partner for all your FAO needs
Business Continuity Plan & Service (BCP)
SAS 70 Type II Audit
Six Sigma practices
The Business Model
No hardware or software costs
Market leading pricing
Eliminate IT resources & maintenance fees
Option to start with specific process outsourcing & to upgrade to full outsourcing in multiple steps
Quick to implement
Convert fixed costs to variable costs
The Solution Framework
Electronic matching of support documents
- Staffing requirements
- Duplicate payments & late fees
- Data entry errors
- Processing & storage cots
- Postage & material costs