API is a leading onshore, Business Process as a Service (BPaaS) provider focused on Finance and Accounting processes such as Procure-to-Pay (P2P) and Order-to-Cash (O2C). Headquartered in St. Paul, MN, API transforms manual and paper dependent processes through its automation platform minimizing the labor and paper intensive work associated with Finance & Accounting back-office processing and enabling customers to focus on their core business. API solutions provide the ultimate value proposition around permanent cost reduction on a pay by the transaction basis. API is unique in offering its customers an end-to-end P2P or O2C solution or any component of the solution by supporting existing ERP implementations and making them more efficient by filling the gaps in your existing processes. API's BPaaS offering requires no additional investments in hardware or software and can be implemented in a matter of weeks.
API solutions include: Procure to Pay (P2P): Accounts Payable, Electronic Invoicing, P.O. and Non-P.O.; Automation Platform: Imaging, Archival, Doc. Management, Business Rule Driven Workflow, and Payment Processing and Order to Cash (O2C): Accounts Receivable, Electronic Bill Presentment, and Print/Mail.
The benefits of API automated solutions are: improved days sales outstanding (DSO), controlled days payable outstanding (DPO), reduced processing costs, increased business intelligence, improved customer and vendor relationships and streamlines G/L close process.