St. Paul, MN and Eagan, MN¯ February 8, 2012 - API Outsourcing, Inc. (API www.apifao.com) a leading provider of Finance and Accounting Outsourcing services (FAO), and National Business Systems (NBS), an industry leader in managing data and documents have established a strategic partnership to provide electronic bill presentment and payment (EBPP) to NBS’s customers. Customers billed electronically will be sent an email that contains a PDF image of the electronic Bill (eBill) or they will be directed to a branded website to view their eBill. Regardless of the delivery method, customers have access to a full menu of electronic payments options that include credit card, p-Card, debit card, and ACH. API’s EBPP solution is intuitive, secure, and flexible. Customers appreciate having greater control over their accounts and the ability for access to do self-service of their accounts. The solution is entirely web based and is implemented with zero investment in hardware, software or staff.
“Our customers have asked for a paperless bill presentment solution, using electronic invoices that will enable them to reduce their costs and DSO (Days Sales Outstanding) for AR (Accounts Receivables). Dependable and timely delivery of invoices is essential to the management of their working capital” explained Joe Tafs, President of NBS. “We believe that the integration of our respective services will provide customers with a tremendous value proposition.”
“API is excited to work with NBS to provide a streamlined electronic billing and payment process that reduces processing costs for customers. Our solution provides 100% visibility and delivers invoices in 24 hours or less.” shared API’s President and CEO, Gary Halleen.
About API Outsourcing
API Outsourcing, Inc. (API) is a leading onshore Finance and Accounting Outsourcing (FAO) provider of innovative state-of-the-art document management, accounts payable, accounts receivable 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 SSAE 16 (formerly SAS 70) Type II Audit annually.
About National Business Systems
National Business Systems, Inc. (NBS) was established in 1972 as a data entry service provider and at one time was one of the largest computer output to microfiche service bureaus in the country. Keeping pace with changes in technology, NBS now provides its customers with a broad range of Document Workflow Solutions in the areas of Data Capture, Web Hosting ,Database Management, Document Design, Print & Distribution, Digital Archiving, Microfiche & Microfilm Scanning & Conversion and Optical Character Recognition (OCR). National Business Systems, Inc. currently serves the industries in the following categories: Financial, Healthcare, Government, Manufacturing and Specialty Industries.
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