Company > News

API Outsourcing Announces Contract With ChemPoint.com

St. Paul, MN – (Market Wire) – 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.com.

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."

About API Outsourcing, Inc.

API Outsourcing, Inc. (API) is a leading Business Process Outsourcing (BPO) provider of invoice automation solutions for mid-size to Fortune 1000 companies. Headquartered in St. Paul, MN, services are delivered through onshore production facilities. API delivers solutions to transform clients' manual paper-dependent billing, accounts payable and document management processes into innovative automated processes. The company currently manages over 250 million transactions for clients annually. Clients benefit from the significant increase in process efficiency, profitability and financial control. API uses Six Sigma techniques to deliver quality service. API's clients include Rayovac, EDS, Randstad North America, Affinity Plus Credit Union, G&K Services, AMN Healthcare and Lee Enterprises. Please visit www.apioutsourcing.com or call 651.675.2600 to learn more.

About ChemPoint.com

ChemPoint.com (www.chempoint.com) is the leading "e-distributor" of specialty and fine chemicals in North America, working in exclusive relationships for specific product lines with premier manufacturers. Based in Bellevue, Washington, ChemPoint provides its suppliers with marketing, sales, customer service and order fulfillment for targeted customer segments. ChemPoint is a fully owned subsidiary of Univar (Euronext Amsterdam: UNIVR), a global leader in chemical distribution. For more information, go to www.chempoint.com.

Back to API News