Case Study Isaac Construction Accounts Payable Automation
When reputation matters,
Accounts Payable Automation is the answer. As a company which prides itself on paying on time, Isaac Construction was facing new challenges in handling its Accounts Payable processes effectively Following an acquisition of a Blenheim-based The entire project has been 'a pleasure'. Construction business. After looking to Fuji Xerox You don’t hear that about many New Zealand and the Esker Accounts Payable implementations. But Fuji Xerox has automation solution, Isaac Construction today shown that when you get all the right easily and accurately handles thousands of invoices people in at the start, and you have a every month, while enjoying complete visibility across its expanded operations. clear idea of what needs to be done, an enterprise software project doesn’t have to be a headache. Arlee Folkers, Group CFO, Isaac Construction Christchurch-based Isaac Construction SITUATION SOLUTION has earned a reputation for excellence by making sure everything it does is at Even prior to the acquisition, Isaac After testing the market for potential the highest possible level of quality. Construction’s Accounts Payable team solutions, Folkers engaged Fuji Xerox Employing a team of more than 300 were a busy pair, often spending time New Zealand for the implementation of specialists, the company delivers a wide chasing documents explains Group CFO Esker’s leading Accounts Payable range of services, including construction, Arlee Folkers. “One of the many problems automation software. The implementation surfacing, bitumen products, transport, with paper is you send it for authorisation, process started with several quarrying and professional contract and it sits on someone’s desk. Another is presentations and then a workshop. management services. Isaac Construction that people aren’t always sure where “This proved invaluable and you could tell recently acquired Blenheim’s Simcox invoices should go, so they get passed Fuji Xerox had done many of these Construction, adding a further 80 staff from person to person and can slip deployments in the past. They involved members active in civil construction, through the cracks.” everyone who would be touched by infrastructure works and earthmoving. Accounts Payable automation – and they While understandable and a practical sequenced it very well, so people weren’t reality in a company handling more in the room unless necessary.” than two thousand invoices every month, these situations are at odds with Attendees included a project manager a Isaac Construction’s policy of paying its technical specialist and account manager suppliers on time. “We’ve always done from Fuji Xerox, Isaac’s Accounts Payable our best to pay on time. It’s reputational; employees, the company accountant, a when you get it right, people like to work representative for the Nimbus Enterprise for you - but paper has its limitations,” Resource Planning solution used by the Folkers notes. business and an IT specialist.
Upon the purchase of Simcox
Construction, those limitations of paper became painfully clear as increased volume exacerbated the situation. “This really compounded the problem as Blenheim is a remote office and we had no way of seeing what was happening in the procurement cycle. There were also differences in our Accounts Payable processes which were proving challenging for staff members,” Folkers says. Having managed multiple enterprise RESULTS The visibility and workflow delivered by software projects throughout her career, Esker also ensures Isaac Construction Folkers also brought in an external With Esker, suppliers are required to maintains its reputation with suppliers at project manager for added oversight. send all invoices to a dedicated its Christchurch and Blenheim operations. “The thoroughness of the preparation, Isaac Construction inbox which is "We’ve gone from ‘two and a half’ including seeing how all the various auto-forwarded to Esker. The Esker people focused on Accounts Payable, systems talk to one another, set the system ingests them, routes to the down to two. And they now have room scene for what was the best right people for approval, and then to breathe,” says Folkers. implementation I’ve ever been involved schedules payment in accordance with vendor terms. She describes the entire project as in,” she enthuses. ‘a pleasure’. “You don’t hear that about This was helpful, Folkers adds, because Because the entire system is electronic, many implementations, but Fuji Xerox her Accounts Payable staff members paper is all but eliminated. has shown that when you get all the were eager to get the solution in, having Most importantly, Folkers says right people in at the start, and you been at the forefront of inadequate Isaac Construction now enjoys have a clear idea of what needs to be paper processes. “They were complete visibility across the Accounts done, an enterprise software project experiencing frustration and continual Payable process. “If someone rings about doesn’t have to be a headache.” problems which had them feeling like their invoice, we can answer immediately Best of all? “I know I’ll never have to look they weren’t on top of the job.” because we can see it, when and to for an invoice again.” The exercise kicked off in February 2019 whom it’s been submitted, as well as and the project went live in July 2019. where it is in the process. And once an invoice is in our system, we can track every single one with absolute ease.”
As a cloud solution, and with a
mobile app, Esker also allows Accounts Payable and other staff who need to approve invoices, to check and review from anywhere. “We’ve also noticed intelligence in the Esker system. Esker has accelerated our For example, a client’s bank account Accounts Payable process and changed but they didn’t notify us. Esker picked it up, though, and sent an it has relieved the pressure on alert so we could verify the legitimacy staff members who were of the change.” pushed to the limit. AT A GLANCE F UJ I X E R O X E N T E R P R I S E C O N S U LT I N G
Organisation: Information exchange is at the heart of every business. But is yours
optimised, digitised and efficient? Fuji Xerox Enterprise Consulting is Isaac Construction the specialist in creating automated document data flows that www.isaac.co.nz accelerate your processes and streamline your business. Our team offers a proven track record backed by leading technologies for Industry: Accounts Payable automation, Data Capture and transformation, Civil Construction Enterprise Content Management, Robotic Process Automation and more. We’ve helped some of New Zealand’s top companies and Challenges faced: processes. Imagine what we can do for you. Learn more about our tailored approach at • Accounts Payable processing largely relied on paper-based www.betterbusiness.fujixerox.co.nz approval • Time consuming data keying Founded in 1962, Fuji Xerox Co., Ltd. is a leading company in the Document Services & Communications field, offering solutions • Double handling of documents and services to help customers resolve their business challenges. • Manual exception handling Fuji Xerox is a 75-25 joint venture between FUJIFILM Holdings • Lack of visibility in invoice processing Corporation and Xerox Limited, and its direct sales force covers • Inability to route invoices for approval Japan and the Asia-Pacific region including China. We employ more than 47,300 people globally, with more than 80 domestic and Solution: overseas affiliates / sales subsidiaries.
• Esker Accounts Payable automation solution that integrates with
Nimbus Enterprise Resource Planning system
Outcomes: Fuji Xerox New Zealand Ltd
79 Carlton Gore Road, Newmarket, • Eliminate paper in the Accounts Payable process Auckland 1023 • Visibility of status of invoices 0800 4 XEROX (0800 493 769) • Real-time budget control and alerts www.fujixerox.co.nz • Complete process audit trail and KPI management www.betterbusiness.fujixerox.co.nz • Web-based and mobile interfaces for geographically spread business users Xerox, Xerox and Design, as well as Fuji Xerox and Design are registered trademarks or trademarks of Xerox Corporation in • Reduced resources to process invoices from “two and a half Japan and/or other countries. people” down to two