API Outsourcing Joins the NRECA National Discounts Program

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Program will provide NRECA’s members special discounts

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The NRECA National Discounts Program and the Tech Advantage show will increase our visibility within the utility industry and enable API to leverage our services.

API Outsourcing, Inc. (API - http://www.apifao.com ), a leading provider of Finance and Accounting Outsourcing services (FAO), announce they have entered an agreement with the NRECA for the NRECA National Discounts Program. API Outsourcing will provide NRECA members a special discount on API’s Document Management and Accounts Payable Services. This service is provided in part with API’s partner, Custom Business Systems, which is a leading transpromo and print and mail company. With API and CBS’s joint solution, customers can reduce processing and handling costs by converting to a fully electronic process. This will help make processes more efficient and reduce the room for error.

API and CBS will be jointly exhibiting at the 2010 TechAdvantage Conference & Expo form February 11th through the 15th. This national conference for electric cooperative management, engineering, operations, IT and supply and purchasing employees, educates attendees on new technologies, ideas, best practices, information and technology solutions. Stop by exhibit booth number 1427 to learn more about API’s Paperless Utility Coop TM.

“We are excited about API’s participation in the NRECA National Discounts Program. The NRECA National Discounts Program and the Tech Advantage show will increase our visibility within the utility industry and enable API to leverage our services to help the industry grow,” stated Gary Halleen, President and CEO of API Outsourcing, Inc. “We are certain our service will result in extensive benefits for NRECA members.”

About API Outsourcing:
API Outsourcing, Inc. 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 SAS 70 Type II Audit annually.

About Custom Business Systems:
Custom Business Systems (CBS) is a leading service provider in outsourcing print and mail communications, whether that is an invoice, renewal notice, check or statement application. CBS uses state of the art technology to turn these customer touch points into valuable acquisition, upgrade and retention tools. Outsourcing with CBS provides its customers with decreased expenses, new revenue opportunities and better connection with customers/members. CBS currently provides bill presentment for over 200 customers nationwide.

About NRECA:
The National Rural Electric Cooperative Association (NRECA) is the national service organization dedicated to representing the national interests of cooperative electric utilities and the consumers they serve. NRECA’s more than 900 member cooperatives serve 42 million people in 47 states.

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Debbie Jindra
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