SOURCE: API Outsourcing

May 08, 2008 10:07 ET

API Sponsors Aberdeen Research Brief and Informational Webinar

ST. PAUL, MN--(Marketwire - May 8, 2008) - Aberdeen Group published a research brief, sponsored by API Outsourcing, Inc., on the accounts payable transformation process in March 2008 entitled "A/P Transformation: Managing the Paper First to Deliver Value Later." The report identifies the paths taken and the lessons learned from early adopters engaged in a strategy to transform their A/P processes to improve performance. The research uses the Aberdeen Competitive Framework to define enterprises into three levels of practices and performances: Best-in-Class (the top 20%); Industry Average (the middle 50%); and Laggard (the bottom 30%) and examines the A/P visibility resulting from transformation efforts across the three groups. The report highlights the performance advantages which Best-in-Class organizations enjoy through outsourcing and automation of A/P; while looking at the strategies employed and the structure of their engagements to establish their leading performance. The conclusion of the research report identifies and recommends actions for companies to take to improve the performance of their A/P function.

An informational webinar entitled, "Deliver Enterprise-Wide Value through Operational Efficiencies and Cost Savings" was held in April 2008. The webinar underlined how A/P transformation influences the delivery of enterprise-wide value through operational efficiencies and cost savings. The webinar consisted of an Aberdeen subject matter expert discussing their research findings, a representative from Katun Corporation sharing their experience of gaining efficiencies and cost savings in A/P while working with API Outsourcing, and representatives from API discussing how service providers can assist in a partial or total transformation of the A/P processes.

Copy of research report:

http://www.apifao.com/company/AberdeenEquinoxReportMarch2008.pdf

Copy of archived webinar:

http://event.netbriefings.com/event/apifao/Archives/apifao08/

About API Outsourcing, Inc.

API Outsourcing, Inc. is a leading outsourcing provider of state-of-the-art document management, billing and accounts payable automation solutions provided on a pay by the transaction basis. By transforming manual, paper-dependent billing and payable processes through our proprietary imaging, printing and workflow systems, clients are able to minimize the labor-intensive work associated with back office processing. Clients have more time to focus on their core business. Benefits include reduced handling and storage costs of up to 50%, increased business intelligence, and improved vendor relationships. API is a Finance and Accounting Outsourcing (FAO) company headquartered in St. Paul, MN. API Outsourcing currently processes millions of transactions annually and uses Six Sigma techniques for high quality, consistent service. For additional information, visit API Outsourcing at http://www.apifao.com or call (651) 675-2600.

Contact Information

  • Contact:
    API Outsourcing
    (651) 675-2600