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Business Applications

Xerox Finance and Administration Services bring improved performance and cost savings to mission-critical areas of your business.

A Proven Approach

Xerox offers a full range of business processing services (BPS) transaction processing services for accounts payable, billing and collections, and travel and expenses.

Client Benefits

Business process reengineering and outsourcing with Xerox Finance and Administration Services offers a number of significant benefits for your company:

• Regulatory compliance: Improve your internal controls, ensure compliance, and reduce risk with an auditable record of financial documents.
• Reduced cost of operations: Reduce labour costs by automating and outsourcing these processes – yielding significant savings and productivity improvements.
• Improved customer service: Discover how faster payments through more efficient processes can deliver a significant improvement in supplier/buyer relationships.
• Leveraging existing investments: Increase value by integrating the unstructured supporting documents within your financial processes into the Enterprise Resource Planning system you've already invested in.
• Improved cash management: Take maximum advantage of early payment discounts and save by reducing late payment penalties.
• Faster cash collection: Resolve invoice disputes faster and decrease your Days Sales Outstanding.

Measurable Success

How do we know business process reengineering through Xerox Finance and Administration Services can make a real difference for your business? We’ve seen it work for many other companies. Take a look at examples of the measurable performance results we've delivered:

• Widdowson Group, a leading U.K. logistics company, achieved a 400-percent improvement in processing Proof-of-Delivery notes, while eliminating customer queries and enabling a substantial improvement in cash collection for Accounts Receivable.
• A global telco provider achieved significant operational cost savings by managing 2 million supplier invoices through a fully automated accounts payable process.
• Xerox Corporation used our own processes, software, and off-shore capabilities in India to drive cost out of our shared service centre in Dublin. This includes a large reduction in FTE cost and an automated End2End process for accounts payable that improves productivity and further enhances the company’s capability to increase the benefits of early payment discounts from preferred suppliers. Xerox intends to develop this capability worldwide.