Accounts Payable Outsourcing
Leverage our 25 Years of Finance Transformation Experience to Achieve Peak Performance in Your AP Operations
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AP Outsourcing Services: Ideal Combination of Quality and Cost
Did you know that, according to benchmark data, top performing AP organizations process more than four times the number of invoices that bottom performing organizations? And that the cost per invoice processed is almost five times higher in a bottom performing organization?
AP organizations almost universally site these five challenges that impact their performance and productivity, and result in a “vicious circle” of extra work for AP staff:
- Lack of Standardized Processes
- Late Payments
- Too much Paper
- Limited Operational Visibility
- High Turnover
With more than 25 years’ experience helping companies optimize Finance & Accounting operations, Auxis’ Accounts Payable Outsourcing Services from our Global Delivery Center in Costa Rica offer top talent, increased productivity, and “an extension of your team” mentality to solve the “Vicious Circle” of Accounts Payable.
The Nearshore Procure-To-Pay Outsourcing Segment is projected to grow over 26% in the next five years”
Source: 2020 Global F&A Outsourcing Industry Report by Report Linker
Invoice Receipt, Indexing and Coding
Invoice Approvals and Three Way Match
Invoice Processing & Exception Handling
Payment Processing
Vendor Inquiries
Tax Filing, Payments & Statutory Reporting
Vendor Master Data Administration
T&E Administration
Robust Service Level Agreements
Auxis will work with you to define a strong Service Level Agreement (“SLA”) framework that is customized for each client based on your specific needs and drivers. Some AP SLA metric examples include:
Invoice Posting On Time
Average days from invoice receipt to posting
Payment On Time
Payment date against payment terms
Invoice Processing Accuracy
Number of processing errors vs. total volume of invoices
Master Data Response Time
Average hours from request to creation / adjustment
Average Days to Pay
Average days between pay and due date
Different SLAs? Let’s work together to understand your needs
Trusted by Leading Organizations from Mid-Market to Enterprise
“
Auxis has become an excellent partner to our company. We were initially skeptical, having previously tried to outsource some of our accounting functions, without success. Auxis brought the expertise and flexibility to deliver a custom outsourcing solution resulting in improved efficiencies that exceeded our expectations”.
John Ollet
Executive VP of Finance
TigerDirect
“
Auxis’ commitment, accountability and personal, hands-on approach was refreshing. It was very clear that their team was concerned about OUR success. Auxis completely earned our trust and respect.”
Barbara Gomez
CFO, Latin America Beverages
Pepsico
PEAK Matrix® for Finance & Accounting Outsourcing (FAO) Services 2023 Assessment
Auxis Named a Major Contender
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Auxis is a Preferred Partner of the Top-Rated RPA Platform, used to automate such manual activities as Invoice Coding, Processing, 3WM, Payment Processing, Master Data Administration, etc.
Leading Intelligent Data Capture platform used for Invoice receipt, extraction, classification and indexing, as well as managing other related documents (PO's, Vendor Statements, etc.)
Leading IT Service Management tool used to manage vendor inquiries, with vendor contacts routed to a centralized mailbox, managed with automated workflow, status monitoring, alerts and escalations.
#1 Ranked BI Platform, offering real-time analytics and customized dashboards to present key SLA and operational KPIs, providing greater visibility into the AP function.
READY TO GET STARTED?
Schedule Your Free AP Outsourcing Consultation Today!
