Outsourcing is a business practice that involves contracting outside services to perform specific tasks or processes that were once managed internally with employees. With AP outsourcing, companies transfer the responsibility and ownership of performing their accounts payable responsibilities to an external provider. By transferring the responsibility for these important activities, companies can take advantage of cost savings, increased operational efficiency, improved accuracy, and a more secure payment process. Additionally, organizations are freed up to devote more resources to more strategic initiatives that directly impact the company’s bottom line.