2. From managing delivery notes and generating sales invoices, to controlling purchasing processes and audit trails,
how much scope have you got to work smarter?
Workflow automation can make a big difference to performance, delivering faster, more accurate processing,
improved access to real-time information and the visibility to make better informed financial decisions.
Take a few simple steps and you could be on the way to making exceptional gains in efficiency and productivity.
Here are some insights to help you focus on where you can add the most value ...
Do your Finance processes add up?
If you’re under pressure to improve
cost control and efficiency, are
your Finance processes an asset
or a liability?
3. ADDING VALUE TO
YOUR BOTTOM LINE
Document and information management may not be
top of your Finance agenda right now.
But the facts show the potential for transforming the
way you work.
Where can you start to add value?
4. “The improved turnaround for transactional processing has eliminated a two day month-end document checking process.”
Pat Bailey, SAP System Support, St James’s Hospital
COST AND EFFICIENCY
of companies spend at least
10 minutes per day retyping
incorrect invoice information
[Canon / RS Consulting, 2011]
Based on 600 invoices
per month, companies
spend an estimated 30
hours manually composing
invoices with word
processing software
[Canon / KAE, 2013]
Automation saves time, cost and errors.
Reduce paper trails, manual rekeying
of information and space needed for
paper archiving.
Avoid non-compliance penalties.
46% 600/30
“Switching to an automated system has not only improved accuracy but has also increased productivity, allowing us to concentrate on our core roles.”
Cheryl Willis, Senior Credit Officer, LCR Group
VISIBILITY AND CONTROL
of AP systems have no direct
connection with content management
[Canon / RS Consulting, 2011]
of finance professionals
receive more than ten
payment queries per day
[Canon / KAE, 2013]
Monitor and track invoices in real-
time, from receipt to approval.
Make informed payment decisions
and control cash flow based on
accurate data.
58% 1/3
“On average, I have to approve about 100 invoices a month. Now I can do that independently, from wherever I happen to be.”
Toni Kälin, Head of Constructions / Customer Service, Föllmi
MOBILITY AND COLLABORATION
of companies consider the accessibility of
records to employees across their business
to be poor or very poor
[AIIM, 2012]
of organisations have
no mobile-enabled
business processes
[AIIM, 2012]
Access key financial information
from anywhere.
Enable organisation-wide data visibility
to drive collaboration and productivity.
28% 76%
“With the addition of the money saved from the reduced penalty fines, the Canon solution has resulted in a 30% costs saving overall.”
Bert Rijkmans, Information and Communications Executive, The Van Dillewijn Group
COMPLIANCE
The average organisational
cost to a business suffering a
data breach is estimated at
[The Ponemon Institute, 2013] of companies lose at least 5% of
their invoices [Canon / RS Consulting, 2011]
Improve accounting practices,
simplify audit trails and reduce risk
with accurate recording, tracking and
secure storage of records.£2.04M 25%
5. “Our business can now
be carried out without
wasting time, money or
resource. The difference
Canon has made to the
availability, accessibility
and quality of our business
information is priceless.”
Maurice McCracken
Group Accountant, Whitemountain Quarries