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Outsourcing is a cost-cutting strategy that is widely recognized as having the potential to create significant impact and re-shape an organization.

Now, with IOMA's exclusive Research Report, you can gain a fundamental understanding of the outsourcing option, what it entails, and if it can benefit your company.

By outsourcing your AP function you can achieve a better access to business information and the ability to analyze it, a significant decrease in error rates and vastly improved internal controls, and the virtual elimination of staffing problems through higher-level specialization and improved productivity.

But, does outsourcing all or part of the processes make sense for your AP department and your organization?

By combining exclusive data, analysis, and expertise to help you assess the cost-reduction rewards and the risks involved, this report covers key issues such as:

• How to define the scope of the AP function in your organization
• Typical workflow of outsourced AP processes
• How to assess potential cost savings from the outsourced AP
• Steps to take to prepare your organization for outsourcing
• How to choose a vendor
• What are the factors involved in comparative analysis of offshoring locations
• Recent regulatory developments affecting offshore vendor operations in the United States
• Billing rates and pricing structures in offshored AP services
• Vendor FIT analysis broken down by the buyer firms segments
• Well-structured contracts, hiring legal advisor, and liability issues
• Monitoring outsourced AP performance
• Implementing and monitoring the transition process
• Ensuring security of data processed
• And much more

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