October 19, 2012
Grupo FSM Selects Esker for Invoice Automation
By Carolyn J Dawson
Grupo Félix Santiago Melián will be utilizing Esker’s (News - Alert) technology for their invoicing offering. The centralized computerized invoicing offering, which will function in a Microsoft (News - Alert) Dynamics NAV setting, will aim to serve all the organizations in the group.
Previously, FSM used paper invoices for all its suppliers. At least 50 percent of the paper invoices were transactions between organizations within the group. A majority of the invoices were delivered manually.
The group also processed approximately 750 customer invoices and 8,000 delivery notes each month in person.
FSM will now incorporate the Esker offering into the MS Dynamics NAV application environment, thereby streamlining its document operation process. A workflow will be used to collect the supplier invoices.
As part of the workflow, approval levels have been set for distributing digital invoices and equivalent delivery notes to client – and computerizing delivery notes to be distributed with invoices, which will be electronically archived.
In a statement, Pedro Cubas, CFO at FSM said, “Considering the variety of businesses that FSM operates, it was crucial to automate the workflows that support financial management, such as our invoices and all related documents. Esker is a great partner for simplifying entire management processes and finding business efficiency points, which cuts costs and saves time. Now, our new paperless way of working allows us to be much more efficient in our day-to-day transactions.”
Esker’s offering will help FSM to streamline sanction processes, decrease paper handling and defects, abbreviate payment cycles and reduce administrative tasks, ensuring improved management of supplier invoices. Reception and computerization, document capture and data mining, data corroboration, and data and document loading are the main functional components of Esker DeliveryWare solution, which is incorporated in the FSM management system.
FSM can now send official customer invoices via e-mail by utilizing computerized invoices and digital signatures. The Esker offering ensures the creation of invoices within MS Dynamics NAV. After receiving these invoices, printed using a virtual printer, Esker processes them according to predefined specifications.
Esker will be demonstrating the manner in which a solitary platform can be advantageously utilized by MS Dynamics offerings’ users for computerizing several business processes at the AXUG Summit, GPUG Summit and NAVUG Forum.
Edited by Braden Becker