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ELECTRONIC AP streamlining workflow for business growth

Ricoh Accounts Payable Solutions for Small to Medium-Sized Businesses

In today’s competitive business environment, cash flow is king. Small to medium-sized businesses are looking for solutions that give them the same benefits of automated AP systems that larger companies enjoy. Even if you don’t process a large number of invoices each month, the costs can be high. And gaining more visibility and control of cash flow, while having access to accurate data and analytics is critical.

Ricoh brings together best-in-class products, software and integration expertise to tailor an Accounts Payable solution that helps increase productivity and reduce costs.

  • About AP Solutions for Small and Medium Business
  • Challenges/Benefits
  • Resources

Ricoh Accounts Payable Solutions for Small and Medium Business Infographic - Click to View Large Infographic

  • People. Ricoh professionals are experts at assessing your business processes, designing workflow and process improvement consulting. In many cases, we’re already providing services to other areas of your enterprise, giving us the opportunity to further leverage our knowledge, processes and technology to increase our value to you. The end result delivers a customized solution to meet your unique needs and requirements.
  • Process. Ricoh helps customers implement a distributed capture solution that allows employees throughout small and medium sized businesses to get invoices and supporting documentation into an electronic format and into an electronic AP workflow. End users from different departments or different states have the ability to scan necessary documents into the AP workflow for routing, approval, and payment. Static and custom workflows are available at the panel of the Ricoh multifunctional devices in each department for ease of use and access. Scanned documents are routed through capture software and into the customer’s system.
  • Technology. Scalable solutions include sophisticated scanning and indexing solutions for quickly digitizing incoming invoices and extracting important information. Ricoh implements technologies such as GlobalScan™ NX, Nsi Autostore® and eCopy® to work together to deliver relevant, process-ready information to the AP department. Data extraction technologies identify selected information on invoices such as name, dates, PO numbers and monetary amounts. It then indexes and validates the data in preparation for distribution to core business systems or archival systems.

Challenges Addressed
  • Overburdened A/P staff
  • Missed vendor discounts and late payments
  • High error rates
  • Lost/missing invoices
  • Labor intensive
  • Large percentage of invoices received in paper format
Benefits Attained
  • Cost-effectiveness through reducing costs and time associated with supporting a paper based A/P process
  • Increased iWorker productivity across the enterprise by simplifying their roles in the A/P process allowing them to focus on the core business
  • Improved processes with faster standardized report invoice cycle-times

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