Fuji Xerox & Esker Partner to Launch Digital Accounts Receivable Solution
CEO Insights team , 0
The Artificial Intelligence capabilities are working in the business cloud computing environment to make organizations more efficient, strategic, & insight-driven. Besides rendering better flexibility, agility, & cost savings by hosting data & applications in the cloud; AI layered with cloud computing is helping companies manage their data, look for patterns & insights in information, deliver customer experiences, and optimize workflows.
Fuji Xerox Asia Pacific, in its endeavour to enable different teams collaborate more effectively extends its partnership with Esker, a business process & document automation leader to launch its Esker Accounts Receivable solution in Asia Pacific.
The novel solution is capable of accelerating invoice delivery, which in turn significantly reduces Days Sales Outstanding (DSO) & processing costs, thus achieving enhanced efficiency. With 40 percent companies already comfortable with e-invoicing, estimates indicate a 100 percent growth by 2025, resulting into 80 percent of the companies using the solution. Government legislation & changes in business processes by important trading partners are sure to escalate e-invoicing in the near future.
By eliminating manual data entry & digitizing the invoicing process, the solution has reduced the average
By delivering the Solution, we are helping customers speed up administrative processes, while reducing costs
time required to create & deliver an invoice from nine to three working days. As it automates Accounts Receivable (AR), an area that matter most to the business, they are able to collect receivables in a timely manner through invoice delivery, credits & collections, to cash application & payments.
As concerns the compliances, it adheres to standards in over 60 countries globally. Also, the solution is PEPPOL-compliant (Pan European Public Procurement Online), which empowers it to send & receive invoices to any recipient within the PEPPOL network. This accreditation is key to Fuji Xerox customers, especially those based in Singapore, where the Government has adopted PEPPOL for Business-to-Government (B2G) document exchanges.
Speaking on this partnership, Jean-Michel Bérard, CEO, Esker, says, “Extending our partnership with Fuji Xerox Asia Pacific was the obvious choice for Esker with their market leadership and wide regional presence.” “Combined with Fuji Xerox, we are poised to bring greater benefits to our Customers In finance processing automation,” he adjoins.
“We are eager to expand our partnership with Esker and bring their AR solution to businesses across APAC,” avers Amane Inoue, Corporate Vice President & Executive General Manager, Advanced Industrial Services Business Group, Fuji Xerox. “It highlights Fuji Xerox's commitment to providing a comprehensive suite of business solutions that enhances overall efficiency. By delivering the Solution, we are helping customers speed up administrative processes, while reducing costs. Furthermore, the digital platform allows companies to reduce the environmental impact from paper invoicing, which is one of our key corporate sustainability goals,” he concludes.