As a back office function, optimizing accounts payable (AP) often takes a back seat to other priorities. But rising security risks and mounting pressure to do more with less have finance leaders focused on modernizing accounts payable processes to increase cash flow, strengthen internal controls, and achieve greater operational efficiencies.  Â
Enter Auxis.   Â
Most accounts payable functions face the same challenges: manual processes, lack of standardization that leads to high exception rates, and poor operational visibility that makes upgrading performance a challenge. Late payments also erode vendor goodwill as unpredictable supply chains make strong relationships critical to keeping goods and services flowing.
With more than 25 years of finance transformation experience, our AP outsourcing services don’t just take over your accounts payable process – we optimize it.  Â
Our high-performing AP team comes fully equipped with the finance knowledge and best practices to streamline AP tasks – honed by our unique perspective as experienced advisors, former industry operators, and hands-on BPO providers.
We bring the digital knowledge and tools to strategically apply cutting-edge innovations like AP automation, AI, machine learning, and analytics to elevate cash forecasting models, decrease time and expense, catch fraud, reduce errors, and more. With scams targeting 60% of AP functions, according to the AFP (Association for Financial Professionals) Payment Fraud and Control Survey, we also know the best controls to combat AP process fraud.
And as accounts payable operations struggle to hire qualified staff amid the severe finance and accounting labor shortage in the U.S., our service delivery centers in leading nearshore hubs deliver an alternative that doesn’t sacrifice performance. Our accounts payable solution offers top AP talent with exceptional English proficiency, time zone compatibility, and extensive experience working for a wealth of U.S. clients across industries.
Modern accounts payable functions must do more than keep the lights on. Outsourcing accounts payable processes to Auxis helps you step into the strategic role that powers a future-ready finance organization.
- Source: Institute of Financial Operations and Leadership (IFOL) 2022 Accounts Payable Automation Trends Report
We combine accounts payable outsourcing with innovative AP automation solutions to infuse your end-to-end Procure-to-Pay process with game-changing efficiency. That includes intelligent data capture, workflow automation, automated invoice processing, vendor inquiry management, and more.
The result: Modernized, agile AP services that can streamline payment processing, reduce late payments and data entry errors, provide real-time insights, and adapt to changing business needs. Our high-quality accounts payable outsourcing solutions include:
Our accounts payable outsourcing team adapts to your current systems while suggesting additional best-in-class tools to drive higher levels of efficiency, automation, and real-time insights. That includes a full suite of intelligent AP automation, AI, analytics, and productivity technology, such as:Â
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.
Case Study
Case Study
Case Study
Case Study
Case Study
Case Study
Case Study
Case Study
Case Study
Auxis will work with you to define a strong service-level agreement (SLA) framework customized to the specific needs and drivers of your AP department. Important accounts payable SLA metrics often include:Â
Leveraging our extensive experience as advisors, BPO operators, and industry veterans for more than 25 years, we bring unparalleled insights into the best practices and operational strategy for achieving breakthrough accounts payable performance faster and more cost-effectively. With end-to-end process transformation capabilities and cutting-edge technology solutions, we excel at optimizing the AP process to improve cash flow and keep goods and services flowing with on-time payments.Â
We are nearshore outsourcing pioneers, recognized annually on IAOP’s Outsourcing Global 100 list, and continue to stand out as one of the only market leaders with a robust nearshore model. Our global delivery platform in top Latin American hubs like Costa Rica and Colombia combines significant labor arbitrage with high-quality talent, cultural alignment, outstanding English proficiency, and time zone compatibility – driving the real-time communication, collaboration, and critical-thinking skills essential to supporting processes across your value chain.Â
Our location in top nearshore markets ensures outsourcing doesn’t sacrifice performance, providing certified, highly educated talent trained to U.S. GAAP and IFRS accounting standards. As organizations start to outsource more complex processes, our highly educated team of 200+ accounting professionals offer the knowledge, experience, and critical-thinking skills needed to successfully support more judgment-intensive activities. We also operate an Accounting Center of Excellence comprised of CPAs and top-performing managers focused on maintaining the highest-quality operations through continuous improvement and ongoing support.Â
We take a business-led approach to technology innovation, strategically layering intelligent AP automation, machine learning, intelligent data capture, and more to support your business goals. We also deliver best-in-class analytics tools that enable agile decision-making with real-time visibility into critical areas such as cash flow management.Â
Your success is our success. We tailor our nearshore accounts payable outsourcing services to match your unique business requirements and industry demands. Through our high-touch delivery model and flexible, results-driven approach, we become an extension of your team – optimizing the payment process, elevating operational visibility, boosting accuracy and compliance, and holding ourselves accountable for value realization.Â
With accounting fraud a global concern, we provide best practices and technology to help you strengthen your internal controls and ensure audit readiness, including robust SOX controls for public companies. Benefit from our proven finance operating model that enforces segregation of duties, automated approvals, electronic payment solutions with built-in security controls, AI-infused automation for spotting red flags, and much more.Â
We want to learn more about your organization and help you achieve your goals. Â
Report
Webinar on demand
Report
Webinar on demand
Guide
Webinar on demand
Is optimizing your back-office operations taking a back seat to rising security risks and pressure to do more with less? Auxis can help.
