API Outsourcing Announces Contract with ChemPoint.com for Billing & Payables Process Automation
March 9, 2006
ST. PAUL, Minnesota, March 9, 2006 -- API Outsourcing, Inc., a leading Business Process Outsourcing (BPO) provider of state-of-the-art invoice automation solutions, recently announced a new billing and payables automation contract with Bellevue, WA-based ChemPoint.
ChemPoint will utilize API’s Billing Solution and API’s Payables Solution to streamline and transform their complex billing and payables processes. Both the payable and billing solution will operate from the same technology platform, making implementation and training simple. Benefits of the solutions will include reduced processing costs, reduced DSO, better managed DPO, increased centralized financial controls and regulatory compliance, and improved customer and vendor relationships.
“API Outsourcing’s solutions will serve a critical role in helping us manage our business,” said Chris Jardine, Director of Finance at ChemPoint. “We had outsourced billing previously, but needed to bring it back in-house. Outsourcing our back-office processing was part of our strategic plan for expansion. Once we discovered API’s services, it made sense to outsource our invoice processes again. Not only will API be able to handle our billing process, but will also help us streamline our payables process.”
“As the leading e-distributor of Specialty and Fine chemicals in North America and a fully owned subsidiary of Univar (Euronext Amsterdam: UNIVR), ChemPoint.com is positioned for growth in the emerging e-business technology market.” said J. Peter Donlon, Executive Vice President, API Outsourcing. “We’re excited to provide a solution that will help them transform their invoice processes and strengthen their profitability, in order to focus on future growth.”
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