Xerox Corp (NYSE:XRX) solves the paper predicament with new tools and services that improve the way healthcare systems, financial institutions, retailers and other enterprises deals with documents. The new services and tools is the latest attempt of the company creating greater intelligence and automation into its products and solutions, with the objective of assisting clients better manage their complex business processes.
The expert view
Mike Feldman, the President of Large Enterprise Operations with Xerox, said that companies can have a love and hate relationship with paper. It remains of great importance from invoicing to collaboration. However, it can also hamper the productivity, and therefore it is essential to focus on workflow automation. As a matter of fact, reducing the issues of manual and paper-based work can enhance operations and improve benefits from managed print services.
The supply chain
The workflow automation solution of Xerox meant for supply chain optimization. It is a service-based retail application that utilizes the Datawatch Managed Analytics to automate, centralize, digitize, and govern costly and error-prone manual levels of a product lifecycle. It reduces print and labor costs, simplifies invoice and inventory reconciliation and improves fill rates. Xerox introduced advanced solution to further boost its vertical industry offerings. The solutions are developed in association with Hyland to automate processes deemed as critical to business operations including loan application processing, health records information management, human resources on boarding and many others.
The new solution of Xerox Corp (NYSE:XRX) can be used in loan application processing. It can capture main inputs from various sources and direct them to loan officers using a tailored workflow. The external data sources are integrated into the process. It can be used in the health records management to improve productive and allow for better visibility leading to enhanced patient care. It can offer a comprehensive view of all important data saved in records.