Many companies are confronted with the need to reduce accounting costs and to comply with the heightened financial reporting standards of Sarbanes Oxley. Compounding this problem is the requirement that they must address these requirements with resource constraints on their capital budget and staffing. These compliance standards have also added complexities to many of the financial processes. Outsourcing financial processes enable companies to access expertise and technologies that are unavailable to them in-house due to these resource constraints. The expertise and efficiency of Finance and Accounting Outsourced (FAO) service providers reduces costs. In addition the technology platforms used by FAO providers simplify financial processes through automation and establish controls through the use of predefined business rules. Outsourcing the entire accounting department in an enterprise can be a daunting objective and may be best achieved by many enterprises in steps. API Accounting Services provides innovative service offerings which align with differing needs of enterprises, whether they are: centralized or distributed; large or small; or domestic or international. These services allow for an organization to take advantage of them in steps that fit their critical needs.
API's Accounting Services for enterprises have been designed to “fill-the-gaps” within their existing infrastructure, technology, and labor to provide flexibility and to produce cost savings and control improvements. API's Accounting Services span the wide breadth of offering that includes independent steps of processing payables including processing specialized payables like utility bills and expense account reimbursements,, making payments, performing billings, completing G/L coding, and providing business intelligence and analytics. Or a company can choose to combine all the steps and outsource an entire accounting department. API's technology platform has been engineered to be flexible and able to be seamlessly and easily integrated and interfaced with existing customer third party ERP systems or other business process platforms enabling enterprises to use the best-of-breed technologies and to continue achieve returns on investments in existing technologies. Discrete solutions enable enterprises to outsource select specific functions what they want when they want or the entire end to end process.
API's Accounting Services can be integrated with on-shore, off-shore, near-shore, or a hybrid of labor that allow enterprises to take advantage of labor arbitrage and the security of processing on-shore. Through API's Accounting Services enterprises can save significant processing costs, increase financial controls, improve working capital and meet Sarbanes-Oxley compliance requirements.
API's Accounting Services for enterprises include the following capabilities:
API's infrastructure currently processes millions of transactions annually and is proven to be scalable to accommodate the high transaction volumes associated with enterprises. API uses Six Sigma practices for high quality, consistent service and its annual SAS 70 Type II audits provide customers with confidence that their transactions will be processed and maintained accurately, predictably and safely.
"Our partnership with API gives us the capability to consistently deliver on our promises and exceed customer expectations for service."
President and CEO,
Top Services Company