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Tracey Koziol Sr. VP, Global Offering Solutions at XeroxArmed with a proven track record of working closely and cooperatively with its clients, Xerox (XRX: NASDAQ) responded to the challenge and accompanied Banco Bradesco through the digital transformation of their accounts payable operations. Xerox helped Bradesco automate the majority of their AP processes to make it efficient, reducing invoice processing time from 10 days to four hours, and created a centralized system for their dispersed data to obtain unprecedented visibility.
“We foster a consultative approach to engage our potential clients and provide them with bundled yet market-relevant solutions,” said Tracey Koziol, Senior Vice President of Global Offering Solutions at Xerox.
Xerox focuses mainly on simplifying the migration to digital AP operations for clients. The capabilities of its workflow automation, content management, and digitization services empower users to transition away from paper and emails to a fully digitized AP process, improve the effectiveness of their AP procedures, and forge stronger relationships with suppliers. Xerox serves a wide range of clients globally, including government agencies and businesses in the healthcare, education, and financial sectors. It caters to their needs by developing tailored solutions that reduce the cost and time associated with data processing and securely storing their digital information.
Xerox developed a cutting-edge workflow engine to redefine how its users can automatically capture and validate information from digital or physical documents.
Xerox’s comprehensive capture features automatically capture, categorize, and archive key information from paper and digital documents from various sources, including fax, scanners, email, and other electronic means. Without the need for user intercession, it uses intelligent document processing to extract critical data and insights from unstructured documents and digital content and learns from the extracted data to find patterns, automate workflows, improve accuracy and produce predictive outputs. The OCR technology embedded in Xerox’s global platform provides users with a searchable invoice repository to enable swift and secure access to invoices and reduces their dependency on paper.
Xerox has invested substantial research and resources in its Capture & Content services to develop innovative and intuitive automated processing solutions. Its solutions eliminate time-consuming manual tasks from AP operations and empower users to achieve prolific results in reducing data processing errors and improving invoice processing time.
Xerox’s smart solutions detect and safeguard against fraudulent, inaccurate, and duplicate invoices while protecting sensitive data and maintaining regulatory compliance. Its platform provides a unified content management ability through which users can achieve unprecedented visibility to review key process performance metrics.
We foster a consultative approach to engage our potential clients and provide them with bundled yet market-relevant solutions
Innovation at the core of its operations has empowered Xerox to assist clients in taking a leap toward digital migration. When properly implemented, Xerox’s solutions provide a means of transforming workflows entangled in manual procedures for decades. Xerox leverages its experience in data extraction and classification to provide clients with cost-effective AP automation and invoice processing services to relieve their employees from tedious tasks, enhance their productivity, and redefine the way they work.
“Reducing environmental impact, as well as helping our clients do so, is a priority for the company,” said Tracey Koziol, executive vice president, Global Offering Solutions and Chief Product Officer at Xerox. “Our offerings innovate with artificial intelligence and augmented reality to improve operational efficiency and reduce greenhouse gas emissions and carbon footprint, enabling clients to meet their own sustainability goals as a result.”
Through leveraging artificial intelligence and augmented reality, Xerox is delivering sustainable innovation with the potential to mitigate global supply chain issues and reduce the world’s carbon footprint. For example, through CareAR®, a Xerox company, experts can visually diagnose and solve client issues remotely, which reduces carbon emissions associated with dispatching a service technician to a site. In one year, CareAR has enabled Xerox to reduce client site visits by more than 57,000, avoiding more than 594 metric tons of CO2 emissions.
Xerox has been rated as the strongest across the print industry for its completeness of offerings in this year’s report. This ranking includes the expansiveness of its product portfolio, remanufacturing and refurbishment capabilities, sustainability services, and recycling programs. More than 1.6 million Xerox toner cartridges were manufactured in 2022 using cartridges recovered through the company’s Green World Alliance supplies take-back program. Additionally, Xerox’s digital workflow solutions, including Xerox® Workflow Central and Xerox® Accounts Payable Services, was acknowledged for the ability to streamline clients’ paper-based processes, further progressing their sustainability goals.
Quocirca noted, “As well as a comprehensive sustainable technology portfolio of hardware-efficient devices (with increasing use of recycled materials), Xerox has among the broadest capabilities around sustainability-led managed print services. In partnership with PrintReleaf, Xerox offers a carbon offset program, as well as in-depth environmental assessments and advanced analytics to help clients reduce the environmental impact of their print infrastructure.”