API’s Billing Solution
API’s Billing Solution "bridges the gap" by providing customized solutions that can be implemented in phases or as stand-alone projects. Our advanced technology provides the workflow to create bills and store the bills and associated support documents online. Our solution includes linking of your bills to proof of delivery documents (such as timecards or bills of lading). Instant online access to these linked documents can prove invaluable when trying to resolve billing disputes. API’s billing services are flexible to accommodate multiple custom bill needs and to quickly implement new marketing programs. Cash application and cash management services electronically store your payment records with invoices and statements. Our invoicing solutions allow your company to reduce processing costs by up to 60% and reduce Days Sales Outstanding by up to 13 days.

Major Process Components

• Document capture and data entry of proof of delivery and other support documents
• Electronic matching and linking of invoices, statements and support documents
• Automated exception processing for missing documents and dispute resolution
• Online access to statements and their linked documents - for client and their customers
• Print, eBill or EDI billing methods
• Matching of payments to invoices for cash application reconciliation

Benefits

• Reduce Days Sales Outstanding by 6-17 days
• Reduce processing costs by up to 60%
• Improve Customer relationships
• Reduce disputes and Customer-related phone calls
• Implement in as little as 45 days
• Return on Investment in as little as 90 days