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Senin, 16 Maret 2020 15:18:00

Fuji Xerox Asia Pacific Extends Partnership with Esker, Launches Digital Accounts Receivable Solution

Esker’s platform allows Fuji Xerox Clients to achieve faster, more efficient invoice processing

SINGAPORE, - 16 March 2020 - Fuji Xerox Asia Pacific announced today its expanded partnership with business process and document automation leader, Esker to launch its Esker Accounts Receivable solution (hereafter, the Solution) in Asia Pacific. The AI-driven, cloud-based solution enables different teams to collaborate more effectively and is compliant with standards in over 60 countries globally.

By accelerating invoice delivery, the newly launched Solution allows customers to reduce days sales outstanding (DSO) and processing costs, while simultaneously improving business efficiency. Currently, estimates indicate only 40% of companies have adopted e-invoicing, but that number is predicted to rise to 80% by 2025 as a result of government legislation or changing business processes by important trading partners[1].

The Solution automates the areas of accounts receivable (AR) that matter most to the business, from invoice delivery and credits and collections, to cash application and payments, allowing businesses to collect receivables in a timely manner.

The Solution is also PEPPOL-compliant (Pan European Public Procurement Online). As a certified PEPPOL Access Point, Esker processes, sends and receives 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.

Recognizing Esker's AR benefits, Fuji Xerox Singapore is also one of the first companies in Asia Pacific to adopt this solution. The AR solution has helped the company reduce costs by 22 percent and enjoy faster payment cycles. By eliminating manual data entry and digitising the invoicing process, Fuji Xerox Singapore has reduced the average time required to create and deliver an invoice from nine to three working days. (*).