Automation software addresses pain points in manufacturing,
retail banking and higher education
NORWALK, CT, May 19, 2016 /CNW/ - Xerox (NYSE: XRX) today
launched 15 new workflow solutions that automate the way
organizations cope with globalization, meet increasing compliance
requirements and exceed customer demands.
The new suite of Xerox solutions stretches across three
industries – manufacturing, retail banking and higher education –
to transform manual, error-prone processes into automated and
accurate approaches that take minutes instead of days. In addition,
these automation solutions organize vital information originating
from multiple sources – both paper and digital in nature – enabling
organizations to serve up content across multiple channels.
"With more people using mobile and digital devices in the
workplace, businesses are increasingly facing expectations from
employees and customers to accelerate the digital transformation,"
said Mike Feldman, president, Large
Enterprise Operations, Xerox. "These 15 new solutions not only
simplify and speed up complex processes, they also empower
organizations to interact with their customers, employees and
suppliers regardless of platform."
Reviving Innovation in Product
Output
IndustryWeek estimates manufacturers who
digitize their processes can increase efficiency by 82
percent1. For instance, redesigning a product like a
mobile phone, which can contain up to 350 different parts, sets off
a barrage of documentation, such as a description of the proposed
changes, tracking of affected parts, approval forms and directions
for implementing the change. Add in the need for global
collaboration, and it's easy to see how an automated, streamlined
system can cut time and cost.
To help bring products to market faster, reduce cost structures,
grow sales and create more competition, Xerox introduced five new
automation solutions for leaner manufacturing. For more information
on each, visit xerox.bz/1Oy9Wb3.
Personalizing Banking Across Digital Screens
Banks are
expanding their omnichannel capabilities, enabling customers to
complete banking transactions on a variety of different screens
such as mobile devices, online portals and smart ATMs. With its new
fraud management and client onboarding solutions, Xerox is helping
banks provide increased fraud protection and a cohesive customer
service experience across multiple platforms. Additionally, Xerox's
new solution for compliance and records management keeps track of
critical documentation and will automatically alert employees if
data is misplaced.
For more information about all three new automation solutions
for retail banking, visit xerox.bz/1Th3abF.
Reinvesting in Students
Since 1978, college tuition
and fees have increased by a whopping 1,120 percent2.
Xerox's new higher education solutions – such as financial aid
processing, which helps financial aid packages get to prospective
students faster – helps colleges and universities provide students
with accessible, affordable and engaging education.
The Xerox solutions can reduce or eliminate manual data entry
for college admission offices. Additionally, financial aid, billing
and other related processes move faster and are less prone to
errors when aided by automation.
For more information on these seven new automation tools that
touch every facet of higher education, visit xerox.bz/1Tkhpi9.
"Organizations now have greater options to phase out
inefficient, paper-based and mistake-prone manual processes," said
Holly Muscolino, Research Vice
President, Document Solutions, IDC. "Xerox has expanded its scope
to serve three more industries, which are typically disadvantaged
by their paper-based workflows, to offer digital and automated
alternatives – enabling them to get work done faster and at a lower
cost. By continuing its investment in automation solutions for
vertical markets, Xerox maintains a leadership position among
vendors for document technology."
Each workflow solution is configurable with professional
services support for design, delivery and implementation.
Availability
The retail banking, manufacturing and
higher education solutions are available in North America and Xerox Europe beginning
today.
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About Xerox
Xerox is helping change the way the world
works. By applying our expertise in imaging, business process,
analytics, automation and user-centric insights, we engineer the
flow of work to provide greater productivity, efficiency and
personalization. Our employees create meaningful innovations and
provide business process services, printing equipment, software and
solutions that make a real difference for our clients and
their customers in 180 countries. On January
29, 2016, Xerox announced that it plans to separate into two
independent, publicly-traded companies: a business process
outsourcing company and a document technology company. Xerox
expects to complete the separation by year-end 2016. Learn more at
www.xerox.com.
1 "How Manufacturers Use IoT for Operational
Efficiencies." By Yaniv Vardi,
IndustryWeek. October 2015.
2 "Will Tuition Ever Stop Increasing?" By Amanda Reaume, USA Today. November
2014.
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SOURCE Xerox Canada