St. Paul, MN (PRWEB) September 25, 2012
API, a leader in Business Process as a Service (BPaaS) focused on outsourced finance and accounting processes and 3 Point Alliance, through its 3 Point Payment Processing company, will join their services to offer a complete Order-to-Cash processing services. The combined service offering includes print and mail of bills, electronic bill presentment and payment, remittance processing, image cash letter check collections, A/R accounting, exception payment handling, image archiving, reconciliation and claims and dispute adjudication.
“3 Point’s payment processing expertise and capabilities is a natural extension for API’s bill presentment solutions to deliver a complete O2C process. We are truly excited about this partnership with 3 Point and the expanded services it will bring to our customers,” stated Gary Halleen, President and CEO at API.
“API is the perfect complement to our service offering. Between both companies, we are delivering the first end to end platform designed to permanently reduce cost in all segments of the order to cash process. We can work with any company to simultaneously reduce cost and improve financial performance in O2C,” said Andrew Castaldi, Managing Director at 3 Point Payment Processing.
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.
API's Automation Platform, along with its document management capabilities and flexible interfaces, are the technological centerpieces to our solutions – providing 24x365, web-based accessibility for our customers and their end-users. API currently manages over a billion images and processes millions of transactions annually, delivers world-class quality, provides exceptional customer satisfaction, utilizes Six Sigma practices and performs a SSAE 16 Audit annually. For more information, please call +1.651.675.2600 or visit http://www.apifao.com.
About 3 Point Alliance
3 Point Alliance is a pioneer in the development and deployment of vertically integrated remittance processing software and hardware, business continuity services and financing for in-sourced and out-sourced payment applications. Our four companies - 3 Point Payment Processing, Qwinstar Corporation, Equipment Leasing Organization and Business Continuity Services, in concert with our business partners create accounts receivable solutions that are unique to the industry and are both efficient and cost effective to our clients. Our remittance processing software is proprietary and customized for each client to meet their specific requirements. With 3 Point Payment Processing centers nationwide, we process millions of payments every month for both high and low volume clients. Our wholesale and retail remittance solutions and centers provide services flexible for and scalable to the evolving business and volume needs of multiple industries. Our state-of-the-art Exception Workflow (EWF) web application reduces or eliminates exception payment posting delays improving both cash collections and timeliness of receivables posting. Our operating centers are subject to annual SSAE 16 audits. To find out more, please visit http://www.3ptalliance.com.