SX Business Services
SX Business Services Employee Spotlight: Kristen Peters, Accounts Payable Administrator
Feb 28, 2024
Kristen Peters, Accounts Payable Administrator
When Kristen is not working at SX as an AP Administrator, you can find her spending time with her very active 15-year-old twins enjoying the outdoors and camping. Or at her second job tending bar. “I am very outgoing and love meeting new people. I have been a bartender for the last 15 years and I really enjoy talking to different people and getting to know their stories.”
The oldest of four girls, Kristen grew up in Walpole and Foxborough. After graduating from Foxborough High School in 1999, she went to Northeastern for pre-law and obtained her para-legal certificate. Her first Job was at her family’s day care/summer camp. She spent most of her young adult life taking care of children. What she enjoyed most about teaching pre-k was watching them grow and learning new things. That is where she met some of her closest friends that she still has today! They went on lots of camping trips and field trips with the camp which is where her love for the outdoors came from. Kristen also loves to read and was frequently seen even reading in class. Immediately before working at SX, she worked for the town offices in Wayland for six and a half years. After meeting owner and CEO John Fleming, she came to work in 2022 and is so glad to have found SX!
What has been your experience so far at SX Business?
I really enjoy the team of people I work with here at SX! I enjoy multitasking and problem solving. It sounds a bit crazy, but I love being busy. That is why I enjoy all the different things I do here. I like learning new skills and developing the ones I already have. We have a very supportive and understanding team here and that is a rare find.
What is your dream job?
I went Northeastern for pre-law. I would love to go back to school to finish becoming a lawyer. My dream is to become a Judge.
Nicole Bui, Senior Treasury & Accounts Receivable Analyst
Introduction In today's fast-paced business environment, companies are constantly seeking ways to enhance operational efficiency, cut costs, and improve their bottom line. A strategic approach that has gained traction is the outsourcing of accounts payable (AP) services. Outsourcing AP functions involves delegating responsibilities related to invoice management, vendor payments, and associated tasks to external service providers. This article delves into the advantages that businesses can leverage by adopting outsourced accounts payable services. Economical Advantage Opting for outsourced accounts payable services can significantly affect a company's financial standing. Running an in-house AP department demands substantial investment in terms of personnel, technology, infrastructure, and ongoing training. By outsourcing, organizations can offload these expenses to specialized providers who can capitalize on economies of scale. This often translates to reduced overheads and labor costs, allowing companies to redistribute resources more strategically. Heightened Precision The accuracy of the accounts payable process is of paramount importance. Errors can lead to late payments, strained vendor relationships, and even regulatory non-compliance. Outsourced AP services typically incorporate cutting-edge technologies and skilled professionals who are well-versed in handling invoices and payments with precision. Automated tools like optical character recognition (OCR) and machine learning contribute to the meticulous processing of invoice data, moderating the risk of human mistakes and ensuring unimpeachable record-keeping. Enhanced Efficiency Outsourced accounts payable services are designed to optimize the entire AP cycle. They often employ streamlined workflows, digital document management systems, and automated approval procedures. These advancements expedite invoice processing, minimize bottlenecks, and overall enhance the efficiency of the accounts payable process. Quicker processing translates to prompt vendor payments, fostering healthier vendor relationships and potential discounts for timely settlements. Access to Expertise The world of accounts payable is subject to dynamic regulatory changes, tax codes, and compliance standards. Managing these complexities can be intricate for companies without dedicated expertise. Outsourced AP service providers specialize in industry best practices and stay abreast of regulatory shifts. By collaborating with these experts, organizations can ensure their AP processes remain compliant, thereby mitigating the risk of penalties and legal entanglements. Focus on Core Competencies Outsourcing non-core functions, like accounts payable, enables enterprises to concentrate on their core business activities. By entrusting routine AP tasks to external professionals, internal teams can channel their time and efforts into strategic initiatives that drive growth, innovation, and competitive edge. This change in focus often translates into improved overall performance and increased stakeholder value. Scalability and Flexibility Companies often experience fluctuations in their AP workload due to seasonal patterns, expansion, or market dynamics. Outsourced accounts payable services offer the flexibility to adjust operations based on these instabilities without the need to hire or reduce staff. This adaptability ensures that AP processes remain streamlined regardless of the company's size or circumstances. Conclusion The utilization of outsourced accounts payable services, such as SX Business Services, stands as a strategic choice for businesses looking to optimize their financial processes. From financial savings and heightened precision to improved efficiency and access to specialized knowledge, the benefits of outsourcing AP functions are diverse. By entrusting our expert staff with the management of invoices, vendor payments, and compliance requirements, companies can achieve superior operational efficiency, enabling them to focus on their core strengths and strategic advancement.
She was born in Savannah, Georgia and moved to Easton at 4 years old. According to her uncles she grew up a Yankee. She met her husband in high school, but they didn’t begin dating until they were 20 and now have been married for 32 years! They raised a beautiful family with 4 daughters in Foxboro, MA. They currently have three grandchildren. Deb played soccer at North Adams State (now called Massachusetts College of Liberal Arts) where she received her business degree. She passed along her athleticism to her offspring. All four of her daughters played college sports: Cory competed in Gymnastics @ RIC, Kayla played Soccer and Lacrosse at Fitchburg State, Emma was on the Swim Team at UMBC, Annika was on the Diving Team at UMBC. For fun, she likes to hike, kayak and ski. There are 11 years between her eldest and youngest children. The vacations that made all ages happy were trips to the beach, Disney, and skiing. Her past jobs have always been in finance. She previously worked for a financial planner, an events company and an apartment management company. The similarities between her previous jobs and her responsibilities at SX made for an easy transition. What has been your experience so far at SX Business? On my very first day here at SX people made me feel welcome. SX is a very friendly environment, people work well together, everyone is approachable and willing to help where needed.
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Nicole Bui, Senior Treasury & Accounts Receivable Analyst
Introduction In today's fast-paced business environment, companies are constantly seeking ways to enhance operational efficiency, cut costs, and improve their bottom line. A strategic approach that has gained traction is the outsourcing of accounts payable (AP) services. Outsourcing AP functions involves delegating responsibilities related to invoice management, vendor payments, and associated tasks to external service providers. This article delves into the advantages that businesses can leverage by adopting outsourced accounts payable services. Economical Advantage Opting for outsourced accounts payable services can significantly affect a company's financial standing. Running an in-house AP department demands substantial investment in terms of personnel, technology, infrastructure, and ongoing training. By outsourcing, organizations can offload these expenses to specialized providers who can capitalize on economies of scale. This often translates to reduced overheads and labor costs, allowing companies to redistribute resources more strategically. Heightened Precision The accuracy of the accounts payable process is of paramount importance. Errors can lead to late payments, strained vendor relationships, and even regulatory non-compliance. Outsourced AP services typically incorporate cutting-edge technologies and skilled professionals who are well-versed in handling invoices and payments with precision. Automated tools like optical character recognition (OCR) and machine learning contribute to the meticulous processing of invoice data, moderating the risk of human mistakes and ensuring unimpeachable record-keeping. Enhanced Efficiency Outsourced accounts payable services are designed to optimize the entire AP cycle. They often employ streamlined workflows, digital document management systems, and automated approval procedures. These advancements expedite invoice processing, minimize bottlenecks, and overall enhance the efficiency of the accounts payable process. Quicker processing translates to prompt vendor payments, fostering healthier vendor relationships and potential discounts for timely settlements. Access to Expertise The world of accounts payable is subject to dynamic regulatory changes, tax codes, and compliance standards. Managing these complexities can be intricate for companies without dedicated expertise. Outsourced AP service providers specialize in industry best practices and stay abreast of regulatory shifts. By collaborating with these experts, organizations can ensure their AP processes remain compliant, thereby mitigating the risk of penalties and legal entanglements. Focus on Core Competencies Outsourcing non-core functions, like accounts payable, enables enterprises to concentrate on their core business activities. By entrusting routine AP tasks to external professionals, internal teams can channel their time and efforts into strategic initiatives that drive growth, innovation, and competitive edge. This change in focus often translates into improved overall performance and increased stakeholder value. Scalability and Flexibility Companies often experience fluctuations in their AP workload due to seasonal patterns, expansion, or market dynamics. Outsourced accounts payable services offer the flexibility to adjust operations based on these instabilities without the need to hire or reduce staff. This adaptability ensures that AP processes remain streamlined regardless of the company's size or circumstances. Conclusion The utilization of outsourced accounts payable services, such as SX Business Services, stands as a strategic choice for businesses looking to optimize their financial processes. From financial savings and heightened precision to improved efficiency and access to specialized knowledge, the benefits of outsourcing AP functions are diverse. By entrusting our expert staff with the management of invoices, vendor payments, and compliance requirements, companies can achieve superior operational efficiency, enabling them to focus on their core strengths and strategic advancement.