Partnership will provide automated Accounts Payable Outsourcing Services to Avendra’s customers

API Outsourcing, Inc., a provider of finance and accounting outsourcing services, and Avendra, a supply chain and procurement service provider for the hospitality segment, have agreed to a strategic partnership to provide automated Accounts Payable Outsourcing Services to Avendra’s customers.

With this innovative service, Avendra’s customers will have the ability to electronically route invoices throughout their organizations and automate processing and payment functions. Customers routinely save as much as 60 percent of their current accounts payable processing costs, while also improving the control and visibility of their organization’s spend. The solution is entirely web-based and is implemented with zero investment in hardware, software or staff.

“As an industry leader, we wanted a partner that aligned well with Avendra, bringing the same commitment to excellence that we’re known for in the hospitality industry,” stated Robert Heaton, chief financial officer of Avendra. “Over the past 10 years we’ve worked collaboratively with customers and suppliers to build a more efficient supply chain for the hospitality industry. Now, we are building upon this strong foundation and extending our offering in new and innovative ways to enable a seamless procure-to-pay process for customers who desire a more comprehensive solution. Our partnership with API Outsourcing is an important component of this strategy.”

Gary Halleen, president and chief executive officer of API Outsourcing, said API is excited to partner with Avendra. “Avendra’s thought leadership sets the bar for best practices in providing innovative and comprehensive supply chain solutions for the hospitality industry,” he said.