IRISXtract™ INVOICE PROCESSING SOLUTION · cashflow management. TAKE THE GUESSWORK OUT OF...

4
IRISXtract™ INVOICE PROCESSING SOLUTION improves cashflow, helps manage compliance with ease, and results in real time savings of up to 3 days* a month.

Transcript of IRISXtract™ INVOICE PROCESSING SOLUTION · cashflow management. TAKE THE GUESSWORK OUT OF...

IRISXtract™ INVOICE PROCESSING SOLUTIONimproves cashflow, helps manage compliance with ease, and results in real time savings of up to 3 days* a month.

LOOKING FOR 3 MORE DAYS* IN YOUR MONTH?You could eliminate the pressure that culminates at the end of the month, you could make deadlines with time to spare, you could get your team working on jobs that add value to your business. When we say that the IRISXtract™ invoice processing solution will save you time, we mean it. It will transform the way you and your Accounts Payable (AP) team work.

This AP solution helps to leverage your resources more effectively so your team can work with exceptional efficiency. It cleverly automates time-consuming manual tasks, reduces receipt to payment life cycles, increases visibility, and swiftly loads data into your back-end systems, so jobs take a fraction of the time.

The solution provides the transparency and accuracy required for better compliance and more effective cashflow management.

TAKE THE GUESSWORK OUT OF CASHFLOW MANAGEMENT

With an AP solution you have complete visibility of invoices and their status, so you can proactively manage the business’s cashflow and give a concrete forecast based on accurate data. Setting and managing KPIs around process performance can become a reality.

By automating invoice receipt, validation, approval, and storage, IRISXtract’s AP solution can give your business significant time and cost savings to reinvest in productive business processes.

COMPLIANCE DOESN’T HAVE TO BE STRESSFUL

No matter what industry you are in today, compliance is now core to operations. Even though noncompliance can prove very costly, finance departments typically waste 2–3 hours per month looking for documents which they cannot find.1

With this solution you’ll know who, where, when, and how each invoice is dealt with, past and present.

MAKE YOUR SUPPLIER RELATIONSHIPS WORK

Unhappy suppliers can put your stock in jeopardy, result in late payment fees, and potentially tarnish the reputation of your business.

With an IRISXtract AP solution, invoices can be processed up to 42% faster,* improving productivity and creating a more cost-effective relationship with your suppliers.

VALIDATION/ VERIFY

EXPORT PAYMENTANALYZEIMPORT

AMOUNT: $5,790DATE: 07-16-18

VENDOR: XYZ INC.

AMOUNTDATE

VENDOR

USER 1

USER 2

USER 3

HOW WE CAN HELP YOU

One of your greatest resources is your people. IRISXtract’s AP solution empowers your team to complete their jobs with exceptional ease and efficiency.

Canon Solutions America makes every day more efficient for you and your

Accounts Payable team.

By automating your invoice processing you will be able to realize a number of benefits:

• Minimize manual data entry

• Reduce time required from invoice receipt to payment

• Enhance your audit trail

• Deal efficiently with dispute resolution

• Customize workflows to your business needs (e.g. approval processes)

* Refers to 3 working days (working day being Monday to Friday). Based on research conducted by AIIM Europe 2009 for Canon Europe.

1 Based on research conducted by RS Consulting 2011 for Canon Europe.

YOUR BUSINESS. YOUR SOLUTION.

Just as every business is different, every AP process is different. At Canon Solutions America we work with you to understand your people, your process, your technology, and your goals to design the best invoice processing solution. Core to what we deliver is savings—savings in efficiency, costs, and time so you can add even more value to the business.

• Increase visibility of un-posted invoices

• Successfully link with back-end systems

• Reduce paper in your office

• Confidently forecast and manage cashflow

In addition, highly compress your documents for storage savings and easier sharing.

CANON SOLUTIONS AMERICA HELPS YOU DELIVER YOUR VISION FOR INVOICE PROCESSING

THE ACCOUNTS PAYABLE PROCESS AT WORK

TYPICAL MANUAL PROCESS

CANON SOLUTIONS AMERICA’S

AUTOMATED SOLUTION

COMPRESSED, EXPORTED & STORED

PROCESSED & PAID

WORKFLOW/ EXPECTIONS

VALIDATION

SORTED & ROUTED

INVOICE READ & INDEXED

DOCUMENT CAPTURE

GET BACK 3 DAYS* EVERY MONTH

SORTED & ROUTED

DATA INVOICE ENTERED

DOCUMENT SCANNEDSTORED

PROCESSED & PAID

APPROVALS/ EXCEPTIONS

VALIDATION

TYPICAL MANUAL PROCESS

CANON SOLUTIONS AMERICA’S

AUTOMATED SOLUTION

COMPRESSED, EXPORTED & STORED

PROCESSED & PAID

WORKFLOW/ EXPECTIONS

VALIDATION

SORTED & ROUTED

INVOICE READ & INDEXED

DOCUMENT CAPTURE

GET BACK 3 DAYS* EVERY MONTH

SORTED & ROUTED

DATA INVOICE ENTERED

DOCUMENT SCANNEDSTORED

PROCESSED & PAID

APPROVALS/ EXCEPTIONS

VALIDATION

Canon is a registered trademark of Canon Inc. in the United States and elsewhere. All other referenced product names and marks are trademarks of their respective owners and are hereby acknowledged.

© 2018 Canon Solutions America, Inc. All rights reserved.

5/18-213-2408

For more information, call or visit 1-800-815-4000 CSA.CANON.COM

Canon Solutions America can enhance the performance of your business, your processes, and your people.

We focus on the electronic and paper document life cycles at the heart of your business to ensure your efficiency is maximized at every step. This includes everything from

simplifying specific processes such as scan-to-folder at the touch of a button, through to complex process management solutions in HR, Accounts Payable, and Mailrooms.

Whatever your goals, whatever your size, talk to Canon Solutions America. We can make a difference.

UTILIZE IRISXTRACT TO ITS FULL POTENTIAL WITH PROFESSIONAL SERVICES FROM CANON SOLUTIONS AMERICA

Want to see a major increase in the productivity of your business?

Whether your business is large or small, remaining competitive in the global economy means you need to concentrate on what makes you successful—your core business. When selecting and implementing new technology, a highly skilled technical team is the difference-maker for a successful deployment.

Canon Solutions America has the team of experts you need to help you acquire the right technology, solutions, and services for your organization. From pre-sales analysis to post-sales support, our team of technical professionals draws upon decades of technical expertise and real-world experience to ensure you obtain the maximum benefit from your technology investment.