Menu

Accounts Payable

Through our strategic partnership with API Outsourcing, Avendra helps add convenience and control to your accounts payable process.

API Outsourcing, a leading provider of finance and accounting outsourcing services (FAO), provides Avendra customers with automated accounts payable. This innovative, paperless solution gives our customers the ability to automate processing and payment functions.

Benefits include:

  • Lower costs
    Improve the efficiency of invoice processing and reduce processing costs by up to 60 percent.
  • Improve accuracy
    Integration with your accounting system takes away keying time and reduces errors. Invoices are not delayed in their processing.
  • Increase visibility
    Centralized invoice receipt, scanning, and presentation for approval—all within 24 hours.
  • Go green
    Electronic invoices eliminate the expense associated with copying, routing and storing hard copy invoices.
  • Improve control
    Online approval process ensures invoice review and approval rules are followed. It also serves as an audit trail for compliance purposes.
  • Complete the Procure-to-Pay (P2P) lifecycle
    API works with various PO systems to handle two or three-way matching. API can send valuable AP spend data back to Avendra, further enhancing Avendra’s ability to provide tailored procurement solutions.