Esker’s platform allows Fuji Xerox Clients to achieve faster, more efficient invoice processing
SINGAPORE – Media OutReach – 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.
“Extending our partnership
with Fuji Xerox Asia Pacific was the obvious choice for Esker with their market
leadership and wide regional presence,” said Jean-Michel Bérard, CEO at Esker.
“Combined with Fuji Xerox, we are poised to bring greater benefits to our
Customers In finance processing automation.
“We are eager to expand our
partnership with Esker and bring their AR solution to businesses across APAC,”
said Amane Inoue, Corporate Vice
President and Executive General Manager, Advanced Industrial Services Business
Group, Fuji Xerox Co., Ltd. “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”
The AP and AR solutions are
part of Esker’s suite of AI-powered digital solutions for procure-to-pay (P2P)
and order-to-cash (O2C) processes, designed for faster and more efficient work
between clients and suppliers.
More information on Fuji
Xerox Singapore case study can be found here.
Xerox, Xerox and Design, as
well as Fuji Xerox and Design are registered trademarks or trademarks of Xerox Corporation
in Japan and/or other countries.
[1] Bruno Koch. (2019). The
E-Invoicing Journey 2019-2025
About Fuji Xerox:
Founded in
1962, Fuji Xerox Co., Ltd. is a leading company in offering smarter ways to
work with its document-related solutions and services, as well as with the
world-class office multifunction devices, printers and production printers that
we develop and manufacture for worldwide distribution.
Fuji Xerox
is a wholly owned subsidiary of FUJIFILM Holdings Corporation with direct sales
force covering Japan and the Asia-Pacific region including China. As a U.S. 10
billion dollar enterprise, we employ approximately 40,000 people globally, with
more than 80 domestic and overseas affiliates / sales subsidiaries. On April 1,
2021, Fuji Xerox will change its corporate name to FUJIFILM Business Innovation
Corp.
Fuji Xerox
Asia Pacific is the subsidiary of Fuji Xerox overseeing sales operations in the
Asia-Pacific region.
About Esker
Esker is a worldwide
leader in AI-driven process automation software, helping financial and customer
service departments digitally transform their procure-to-pay (P2P) and
order-to-cash (O2C) cycles. Used by more than 6,000 companies worldwide,
Esker’s solutions incorporate technologies like artificial intelligence (AI) to
drive increased productivity, enhanced visibility, reduced fraud risk, and
improved collaboration with customers, suppliers and internally. Esker operates
in North America, Latin America, Europe and Asia Pacific with global
headquarters in Lyon, France, and U.S. headquarters in Madison, Wisconsin. For
more information on Esker and its solutions, visit www.esker.com. Follow Esker on Twitter @EskerInc and
join the conversation on the Esker blog at blog.esker.com.
