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:
With more than 24 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.
Is “touchless AP” a reality? While 100% “touchless AP” is not feasible, Auxis’ outsourcing services and AP automation solutions (Intelligent Data Capture, Workflow, Automated AP Processing, Vendor Inquiries Management, etc.) will help you to optimize your AP operations, reduce manual efforts and improve processing cycles across the end-to-end AP cycle:
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
Ecommerce Leader Outsources AP to Better Scale and Support Hyper-Growth
Read our Accounts Payable Outsourcing Case Study to find out how a Fast-Growth Ecommerce Leader Leveraged Auxis to Scale and Optimize its AP function.
Cosmetics Leader Transforms AP through Outsourcing, Automation, & Analytics
Read our Accounts Payable Process Improvement case study to learn how a leading cosmetics client completely transformed its AP function through outsourcing, automation & analytics.
Jewelry Retailer Leverages BPO Center to Support Expansion
Learn how Auxis' Accounting Outsourcing Center in Costa Rica expands $2B business by providing support and designing a hybrid Shared Service Model.
RPA Use Case in Healthcare: AP Automation Through UiPath & Ephesoft
Explore how we helped a $2.4B healthcare organization achieve 66% touchless AP Automation with a combination of Uipath RPA, Ephesoft Intelligent Data Capture.
Auxis Manages Redevelopment of Manual AP System for Media Company
Global media giant implements new self-service vendor internet portal to automate and optimize the end-to-end invoice reception and approval process
Multinational Manufacturer Establishes a Global Shared Services Model from Costa Rica
Auxis implemented Shared Services for a manufacturing company resulting in standardized systems and processes, scalability and cost savings.
TigerDirect gains over 60% in Labor Savings in Back Office Operations
Learn how TigerDirect Achieved More than 60% in Labor Savings and Efficiencies in Back Office Operations.
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”.
Executive VP of Finance
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.”
CFO, Latin America Beverages
How are we different from other Accounts Payable Outsourcing Companies?
We leverage your current systems and add additional tools to drive higher levels of end-to-end automation and increased productivity. Some of these tools include:
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.
Get a real-world perspective of how technologies like RPA & Intelligent Data Capture can be applied to significantly simplify and streamline the invoice processing function in this
Watch our recap and learn what makes Costa Rica the premiere nearshore destination for US based companies and how you can leverage its competitive advantages as an outsourcing destination.
Download our whitepaper, for a detailed approach to effectively using benchmark data to optimize your F&A organization.
Learn how Finance executives are embracing the benefits of digital transformation by using emerging technologies to optimize F&A operations.