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API Outsourcing, Inc. has been selected by DavCo Restaurants, one of the world's largest Wendy's franchisees, to provide AP Workflow Services. These innovative web-based services fully automate and streamline the accounts payable process, including invoice capture, duplicate checking, processing, electronic routing for approval, accrual reporting, payment services, and electronic image archive. DavCo expects the outsourced accounts payable services to result in lower overall costs with improved speed, reduced errors, enhanced control, improved cash flow management, and greater invoice visibility.
"DavCo's intentions are to continuously upgrade the efficiency of its operations by finding outsourced, hosted solutions that provide greater functionality at lower costs," says John Rusnak, senior director at DavCo. "API allows us to get out of the paper pushing business and focus on our core competency, restaurant operations. After an extensive due diligence process including testing system functionality, an ROI analysis, and a site visit, DavCo concluded that API was the firm best suited to partner with us in this new endeavor."
"API is proud to be selected by DavCo, a true industry innovator," says Gary Halleen, president and CEO of API Outsourcing. "We know that the status quo, and not changing longstanding processes, is the easy path. It takes an industry leader like DavCo to have the vision to see how their restaurants can process payables by using only electronic invoices, automated workflows, and creating a paperless process."