Accounts Payable and Expense Management Services
ST. PAUL, MN - May 20, 2009 - API Outsourcing, Inc. (API), a leading business process outsourcing (BPO) provider in finance and accounting outsourcing (FAO), and InterplX Technologies, a leading provider of Expense Management Solutions, announced a strategic partnership to deliver integrated automated accounts payable and automated expense management services to its respective customers. In addition to API's innovative and flexible Accounts Payable Services, which provide customers with an automated accounts payable system driven by business rules, this partnership will provide customers with a fully automated electronic web based solution which manages expense submission, approvals and payments. This service includes receipt processing, audit, records archiving and resolution of discrepancies caused by missing receipts, incomplete documentation or audit exceptions.
In today's business environment, businesses are seeking solutions to reduce costs and improve process efficiencies. Both companies' clients will be able to utilize end-to-end automated account payable and expense management outsourcing services to minimize their processing time and labor from initial invoice presentment through payment. Benefits will include reduced costs, improved financial controls, Sarbanes-Oxley compliance and improved vendor and employee relationships.
"API has a commitment with its clients to provide year over year cost saving and to support all of their finance and accounting needs. We are excited to be partnering with InterplX to provide an option to add integrated expense management capability with API's Accounts Payable Services," stated Gary Halleen, President and CEO of API Outsourcing.
"We are very pleased to be working with API Outsourcing, a company with the same values and disciplines as ours. Together we offer our mutual clients an outstanding alternative to the traditional methods of processing finance and accounting transactions. We are both dedicated to leveraging technology to eliminate cumbersome, paper-based workflow and expensive manual processes. And there is very little overlap in our service suite, so the complementary nature of our solutions makes us ideal partners in meeting the unique needs of our large client base," stated Chuck Buckner, President and CEO of InterpIX Technologies.
About API Outsourcing
API Outsourcing, Inc. is a leading onshore Finance and Accounting Outsourcing (FAO) provider of innovative state-of-the-art accounts payable, document management and bill presentment services, headquartered in St. Paul, MN. By transforming manual paper-dependent payables and billing processes through our imaging, printing and workflow systems, clients 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 Techniques and performs a SAS 70 Type II Audit annually.
About InterplX Technologies
INTERPLX Technologies is a leading provider of employee expense management solutions delivering the most complete suite of services in the industry. Since 1994, INTERPLX Technologies has provided corporations of all sizes with "best practice" automated solutions to streamline the processing of corporate travel and entertainment (T&E) and procurement card (p-card) expenses. Our long list of delighted clients have strengthened controls, reduced costs, heightened employee satisfaction and reduced the burden on internal resources by outsourcing these labor-intensive, non-strategic functions to INTERPLX Technologies. Headquartered in Shakopee, Minnesota, INTERPLX now provides expense management automation to more than 75 blue chip North American corporations, representing over $1 billion in spend.
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