API Announces New Software as a Service (SaaS) Product for Accounts Payable Processing

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This Accounts Payable product provides automation to enhance staff performance through streamlined processes which increase efficiency and profitability. The AP SaaS product requires no investment in hardware, software or limited IT staff resources.

API

API Outsourcing, Inc. (API) a leading provider of cloud based Finance and Accounting (F&A) services, announces the release of its new Software as a Service (SaaS) product which enables companies to be more effective and efficient in processing of Accounts Payable invoices. This Accounts Payable product provides automation to enhance staff performance through streamlined processes which increase efficiency and profitability. The AP SaaS product requires no investment in hardware, software or limited IT staff resources.

API’s Automated Accounts Payable SaaS product makes it easy for customers to process and pay their bills on time, capture discounts, avoid penalties and reduce costs. It combines API’s state-of-the art workflow and document imaging technologies to enable the transformation of manual Accounts Payable processes into automated, paperless processes driven by business rules. It provides the ability to track and manage the approval of electronic invoices, control payments, and better manage Days Payable Outstanding (DPO). The AP SaaS product features location based security that provides flexibility for multi-location companies, as well as automatic notifications to alert users when specific tasks need to be performed. Customers are also provided with robust standard management reporting capabilities and audit trails.

API’s new SaaS product is based on API’s tried and tested technology platform and capabilities utilized in its Business Process as a Service (BPaaS) products (http://www.apifao.com).
For a limited time, API is offering a free trial of its SaaS product for Accounts Payable processing. To obtain your free trial go to http://www.apisaas.com.

About API
API is a leading provider of cloud based products focused on Finance and Accounting processes. API helps companies transform and streamline manual and paper dependent processes through its “cloud based” technology minimizing the labor and paper intensive work associated with Finance & Accounting back-office processing and enabling customers to focus on their core business. API is unique in offering its customers with end-to-end Finance and Accounting products by supporting existing Financial Systems implementations and making them more effective by filling the gaps in your existing processes. API’s Software as a Service (SaaS) and Business Process as a Service (BPaaS) products requires no investments in hardware, software or internal staff resources and can be easily and quickly deployed.
API currently manages over one billion document images and processes millions of transactions annually. API's annual SSAE 16 audit provides customers with confidence that their transactions and document images are processed accurately, predictably and securely. For more information, please call +1.651.675.2600 or visit http://www.apisaas.com.

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Rebecca Johnson
API
(651) 675-2600
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