Ricoh Australia launches Accounts Payable solution

End-to-end invoice automation solution enables companies to improve financial
processes, increase productivity and reduce costs

SYDNEY – 19 June 2015 – Ricoh Australia today launched its Accounts Payable offering, a new dynamic end-to-end invoice automation solution that enables companies to improve their financial processes, increase productivity and reduce costs.

Ricoh’s Accounts Payable solution can be configured to fit customers’ unique accounting systems and processes to automate their accounts payable processes, delivering greater visibility and cash flow control. It also significantly reduces the burden of manually entering invoice data into existing enterprise resource planning (ERP) systems, which can be leveraged as a single source of financial insight for a company. This helps improve invoice data integrity, leading to fewer mistakes and a reduced need for problem resolution.

Stuart Hammond, Group Manager, Solutions & Technology Product Marketing, Ricoh Australia, said “Ricoh had several customers who were asking us for an intuitive accounts payable system that offers flexible approval processes. We recognised the need for a simple solution that we could also integrate with a Ricoh multifunction device.”

Ricoh’s Accounts Payable solution lets companies match invoices against purchase orders while providing an electronic audit trail, receipt documents and contracts. It enables standard invoice management processes across all locations; integrates with enterprise resource planning or financial solutions; and searches archives by name, company, or address for fast retrieval and review. Alan Burt, Chief Technology Officer, Ricoh Australia, said, “Aberdeen Group research has found that, companies that have standardised their invoicing processes report cycle times 46% faster than those with paper-based accounts payable processes. 1

“The automated workflow delivers cost efficiencies and improves processing speed. It allows employees from different departments or in different locations to scan documents into workflow systems for routing, approval and payment, turning it into a process as simple as pressing a button on their Ricoh multifunction device.”

Ricoh’s dedicated consulting team tailor the solution to meet the unique needs of each business. Consultants draw on years of industry experience to help clients improve their accounts payable environment and workflow, specifically regarding how to capture, transform and manage their mission critical information. They achieve this through in-depth discovery, which includes analysing and re-engineering processes, gathering technology requirements and assessing existing technology.

1 Pezza, S., Jan, W.; Aberdeen Group - AP Invoice Management in a Networked Economy (Benchmarking Survey), May, 2012.

About Ricoh

Ricoh is a global technology company specializing in office imaging equipment, production print solutions, document management systems and IT services. Headquartered in Tokyo, Ricoh Group operates in about 200 countries and regions. In the financial year ending March 2015, Ricoh Group had worldwide sales of 2,231 billion yen (approx. 18.5 billion USD).

The majority of the company's revenue comes from products, solutions and services that improve the interaction between people and information. Ricoh also produces award-winning digital cameras and specialized industrial products. It is known for the quality of its technology, the exceptional standard of its customer service and sustainability initiatives.

Under its corporate tagline, imagine. change. Ricoh helps companies transform the way they work and harness the collective imagination of their employees.

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