WEBINAR RECAP:

Accounts Payable Outsourcing On The Rise:

Keys to a Successful Implementation

July 14th, 2021

Finance Outsourcing is on the rise, and Accounts Payable is a key function that more CFOs in the United States are looking to move to a trusted BPO partner.  The Nearshore Procure-To-Pay Outsourcing market alone is projected to grow over 26% in the next five years.

Inflation, increasing wages, high turnover, and manual processes and inefficiencies in AP are some of the key reasons why outsourcing done right can solve many headaches for Finance Organizations that have “bigger fish to fry” than worrying about processing invoices and paying vendors on time.

With over 25 years of experience in Finance & AP Transformation, watch this recap with our Auxis experts to learn practical insights on what it takes to outsource AP for long-term success, and key considerations to watch out for when selecting your outsourcing partner.

 

Key topics for discussion:

  • Key benefits you should expect from outsourcing AP and how to position its value
  • What processes to outsource and what to retain across your end-to-end AP function
  • How to benchmark the performance of your current AP team to identify optimization opportunities as part of your outsourcing migration
    • Number of FTEs and total cost of your AP function based on your revenue size
    • Invoices processed per FTE
    • Cost per transaction
    • Processing accuracy & exception rates
    • And more
  • Key AP automation tools and capabilities to look for in your outsourcing partner
  • Location alternatives - onshore vs. nearshore vs. offshore
    • Costa Rica as a top destination for Shared Services & Outsourcing
  • The business case of AP outsourcing - typical savings and payback
  • How to structure a successful outsourcing migration & key lessons learned

Speakers

Eric Liebross

Senior Managing Director of Business Transformation

Auxis

Dan Day

Head of BPO Operations

Auxis

Eric Liebross

Senior Managing Director of Business Transformation

Auxis

Eric Liebross leads the Business Transformation practice at Auxis. He brings more than 30 years’ experience and a proven track record of success in the Shared Services Strategy, Organizational and Operating Model Design and Implementation, Back Office Optimization, Digital Transformation and Business Process Outsourcing areas. Eric joined Auxis in 2002, and led the establishment of the company’s nearshore shared services center in Costa Rica in 2010, and launched Auxis’ Intelligent Automation practice in 2016. His unique perspective as both long-time business advisor and operator provides a unique, real-world perspective to his clients.

Dan Day

Head of BPO Operations

Auxis

Dan is an accomplished executive with over 20 years of experience in Finance Transformation, Strategy and Analytics. As a Sr. Managing Director, Dan oversees the day-to-day operations and continuous improvement programs of Auxis’ Business Process Outsourcing (BPO) clients supported from its Nearshore Center in Costa Rica, including Finance & Accounting and Customer Service.

As part of his role, Dan also advises CFOs and senior executives on deploying process automation, analytics, and shared services to modernize their Back Office Operations to scale and be better positioned to compete. In terms of industry experience, Dan has supported innovation programs in over 10 different sectors, and brings a deep expertise within the Retail, CPG and Financial Services space.

Prior to joining Auxis, Dan held several leadership positions in the industry in enterprise organizations such as Office Depot in both Strategic & Operational roles. Dan holds an MBA with concentrations in Finance & Competitive Strategy from the Warrington School of Business at the University of Florida, and a Bachelor’s Degree with a Major in Accounting from the University of Dayton.

Auxis logo