New York : Outsource Partners International, Inc. (OPI), a leading provider of finance & accounting business process outsourcing, analytics, and related consulting & advisory services, announced the launch of OPInvoice, an on-demand end-to-end solution for purchasing, payables and payments.

OPInvoice combines world-class web-based software with talented accounting professionals to manage the end-to-end Source-to-Pay cycle. OPInvoice reduces costs and lead times while providing stakeholders visibility into the entire process. OPInvoice’s SaaS environment integrates with leading ERP’s, such as SAP, Oracle, Lawson, JD Edwards and Microsoft Dynamics, and provides solutions best suited to the needs of the Fortune 1000, as well as mid-sized organizations across all industries.

OPInvoice’s Purchasing Module automates creation and approval of purchase requisitions, creation of Request for Quotations (RFQ), receipt of quotes through a vendor portal, creation of purchase orders from RFQs and processing of goods received. The Payables Module centralizes receipt of invoices through either a vendor portal or one of OPI’s six global scanning centers, and includes a document management system and automated workflow solution. OPInvoice’s Payments Module offers automated payment approvals, check printing and mailing, and electronic fund transfers.

According to Kishore Mirchandani, President and CEO India Operations at OPI, “OPInvoice will revolutionize the way companies do business as they realize significant increases in productivity, reductions in processing costs and move from a fixed cost to a variable cost model. OPInvoice is designed to immediately promote companies to become a “top quartile” performer in the Source-to-Pay cycle.

“The launch of OPInvoice marks OPI’s entry into the Platform BPO offerings. We intend to create a complete suite of platform offerings to complement our F&A BPO offerings. OPI’s extensive experience in handling multiple F&A projects for clients from various industries and different geographies has helped us understand their requirements, their nuances, and OPI’s platform solutions will address these needs. OPInvoice is our first step toward that goal.” He further added, “The introduction of OPInvoice underscores OPI’s leadership in providing Finance, Accounting and Tax solutions.”