SOURCE: API Outsourcing, Inc.

March 03, 2006 11:10 ET

API Outsourcing Receives Multi-Year Contract From Network F.O.B.

API Will Provide Freight Payment Processing for Network F.O.B.'s Agents

ST. PAUL, MN -- (MARKET WIRE) -- March 3, 2006 -- API Outsourcing, Inc., a leading Business Process Outsourcing (BPO) provider of invoice automation solutions, announced today a multi-year contract with Network F.O.B., Inc. for the delivery of freight payment services. API Outsourcing will provide freight bill processing and payment for Network F.O.B. and its independent freight agents.

"Our goal at Network F.O.B. is to provide service to our clients that's unparalleled in the industry," said Tim Taylor, President of Network F.O.B. "API's Freight Payment Solution will streamline the process in order to pay freight bills quickly and easily. This solution provides our carriers, shippers and agents online access to the documents, which will enhance our service to them and differentiate our offering in the marketplace."

API's Freight Payment Solution will be implemented in three phases. The first phase will include receiving order information from Network F.O.B. and matching the information with the bills of lading and support documents from carriers. Paper invoices and documents will be scanned and imaged for online viewing. Network F.O.B., their agents, shippers and carriers will have access through an online Internet portal to review documents and shipment information. Phase two will include automated invoice payment processing with an electronic feed to Network F.O.B.'s accounting system and automated carrier notification for missing documentation. Phase three will deliver enhanced business reporting. This phase will also include electronic bill presentment to shippers and the ability for shippers to pay their invoices online via ACH, wire or credit card.

"One of the reasons we chose API was their phased approach to implementation," said Tim Taylor. "We get immediate control in phase one by eliminating paper and moving it electronically in the organization while getting familiar with the new processes that will be instituted in the following phases. It gives us a chance to develop and automate optimized business rules for Network F.O.B."

"Network F.O.B. has a network of independent freight agents that ship freight for businesses throughout the United States, Mexico and Canada," stated Gary Halleen, President and CEO of API Outsourcing. "API's Freight Payment Solution will help the agents better manage their freight expenses."

About API Outsourcing

API Outsourcing, Inc. (API) is a leading Business Process Outsourcing (BPO) provider of state-of-the-art invoice automation solutions for mid-size to Fortune 1000 companies. API delivers solutions to transform clients' manual paper-dependent freight payment, billing, accounts payable and document management processes into innovative automated processes. Headquartered in St. Paul, MN, API currently manages over 250 million transactions for clients annually. Clients benefit from the significant increase in process efficiency, profitability and financial control. API utilizes Six Sigma techniques which allow it to provide the highest quality to its customers. Please visit www.apioutsourcing.com or call 651.675.2600 to learn more about the business benefits being delivered to clients.

Contact Information

  • For Press Information Contact:

    Debra Kosch
    Marketing Manager
    API Outsourcing, Inc.
    651.675.2631
    Email Contact