the journey to better-informed financial decisions
TRANSCRIPT
SIMPLIFY YOUR PAYMENT PROCESSESMAKE BETTER-INFORMED FINANCIAL DECISIONS
OPTIMISE
YOU NEED THE VISIBILITY TO CONTROL CASH FLOW, MANAGE COMPLIANCE AND IMPROVE THE WAY YOU PAY SUPPLIERS
If your business deals with multiple suppliers and large volumes of purchases ... ... are your Finance processes up to the job?
Paper-based manual systems and disjointed purchasing processes are inefficient and mask vital information.
A transparent, accurate view of suppliers, transactions, invoices and workflows can make a big difference to controlling cash flow.
The top performers are addressing these issues now.And we’re helping them.
CANON CAN HELP IMPROVE THE EFFICIENCY AND VISIBILITY OF YOUR ENTIRE PAYMENTS PROCESS FROM A SINGLE PLATFORM
Enabling you to make informed financial decisions ... ... that reduce cost and risk, optimise working capital and support compliance.
40% of companies who use automated P2P have seen a 50% improvement in the payment process cycle1. 1 The Institute of Financial Operations, 2014
WORK SMARTER AND FASTER
Our solutions address the challenges around digitisation and process automation, delivering fast, accurate data capture and efficient workflows ...
... so your skilled staff don’t waste their time chasing paper and retyping information.
It’s easy to share information across the business too – even on the move ... ... improving collaboration and agility.
VISIBILITYInstantly access real-time online data to monitor invoice progress from receipt to validation and approval. Make informed payment decisions and manage cash flow more effectively based on accurate, timely financial information.
Easily assess supplier terms and costs to control procurement spend.
EFFICIENCYSave time and cost by automating data entry and transactional workflows. Avoid late payment charges and penalties. Reduce errors from manual processing and improve invoice / PO match rates.
Cut out the need – and the space – for unnecessary paper archiving.
COMPLIANCEImprove accounting practices with more accurate recording, tracking and storage of financial records.
Simplify audit trails with a clear view of changes and approvals, ensure legal compliance and reduce business risk.
ACHIEVE MORE
From sourcing suppliers to paying them ... ... Canon helps consolidate your approach to procurement, streamlining purchase administration, improving the way you buy.
We offer a range of:
• Affordable
• Simple-to-use
• Modular solutions
That meet the needs of any business.
Whether it’s digitising records, automating payment processes or optimising an entire P2P process ...... you can build capabilities around your issues, your available equipment, and your existing accounting applications.
Whatever route you take, you’ll be surprised at how easy it is to boost performance ... ... benefiting from greater visibility and control of your purchasing process – and the insights to make better-informed financial decisions.
70% of businesses consider that the use of scanning and capture technology improves the speed of response by three times or more2. 2 AIIM, 2012
TRUST IN OUR EXPERIENCE ...Here are some examples to make you stop and think ...
CONSTRUCTION COMPANY PROCESSING 6,000 INVOICES A YEAR MAKES HUGE PRODUCTIVITY GAINS WITH AUTOMATED SYSTEM
“ When I get an invoice, I open the mail, go to the scanner, send it to the invoice system and it synchronises with our bank system. And the same work that took one week before to do, we complete in about two to three hours. ”
JOHAN SELENIUS ROSENGRENDIRECTOR, SARAB CONSTRUCTION
SHIPYARD TAKES CONTROL OF INVOICE MANAGEMENT AFTER SWITCHING FROM MANUAL TO DIGITAL PROCESSING
“Now we know at all times where a document is and where it came from in the process. Moreover, we can assign permissions on the category level and down to a single document. This has resulted in greater agility and control of our work reports and invoicing. ”MICHAEL WAGERFINANCE DIRECTOR, ASTILLEROS DE MALLORCA
INDUSTRIAL SERVICES PROVIDER REDUCES MISFILING AND CUTS INVOICE RETRIEVAL TIME FROM 30 MINUTES TO SECONDS THROUGH AUTOMATION
“ Switching to an automated system has not only improved accuracy but has also increased productivity, allowing us to concentrate on our core roles, rather than laborious tasks such as filing, retrieving invoices and co-ordinating with other locations to access supporting documents. ”
CHERYL WILLISSENIOR CREDIT OFFICER, LCR GROUP
COMMERCIAL KITCHEN SPARES SPECIALIST HANDLING 300 INVOICES A MONTH REDUCES DOCUMENT SEARCH TIME BY 80% WITH PAPERLESS SOLUTION
“ We have two scan profiles set up on our scanner, one for single-sided documents and one for double-sided. That’s all – the system does the rest, using free text search to recognise the most important fields on the invoices and delivery notes, before labelling them and automatically filing them under the relevant category. ”
FRIEDRICH STALLERMANAGING DIRECTOR, GEV
AGGREGATES BUSINESS SAVES £30,000 A YEAR BY INTEGRATING DOCUMENT SCANNING, RETRIEVAL AND ARCHIVING SOLUTION WITH ACCOUNTANCY SOFTWARE
“ By integrating directly with Sage, Canon transformed our key paper-based manual processes into highly efficient and accessible digital data that any one of our designated staff could retrieve at any time, and from any of our company sites. ”
MAURICE MCCRACKENGROUP ACCOUNTANT, WHITEMOUNTAIN QUARRIES
FLOWER PACKAGING COMPANY CLEARS MANUAL INVOICE PROCESSING BOTTLENECK TO CUT LABOUR COSTS AND IMPROVE EFFICIENCY
“ By reducing the processing time by 40 hours, we have saved around €25– €30,000 a year. With the addition of the money saved from the reduced penalty fines, the Canon solution has resulted in a 30% cost saving overall. ”
BERT RIJKMANSINFORMATION AND COMMUNICATIONS EXECUTIVE, VAN DILLEWIJN GROUP
SO WHAT HAPPENS NEXT?We believe that when people are allowed to work smarter, they’ll drive exceptional performance in business.
And we’d like to share the best of what we’ve learned with you.
© Canon Europa N.V. 2014
If there are any areas of particular interest that you would like to discuss further, or to set up a meeting, call Scott Ofield on 01235 433470 or email [email protected]
BE EXCEPTIONAL and visit canon.co.uk