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, March 16, 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 partners1.
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.
Note 1: Bruno Koch. (2019). The E-Invoicing Journey 2019-2025
- 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.
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.
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.
Ruder Finn Asia
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