OCS New Zealand: Pioneering Financial Automation with AI
A Groundbreaking Partnership
In an impressive leap towards digital transformation, Fujifilm Business Innovation NZ has redefined the financial landscape for facilities management giant OCS New Zealand. By integrating artificial intelligence and automation into their operations, OCS is now leading the way in adopting advanced financial technologies.
The First of Its Kind
With a clear vision in mind, OCS has made history by becoming the first organization worldwide to implement Esker’s complete suite of eight AI-powered finance automation tools in a single deployment. This milestone showcases the company’s commitment to leveraging technology for improved efficiency.
The Journey Begins
In late 2023, OCS identified a pressing need to automate its accounts payable processes. However, as the project evolved, the team recognized the potential benefits of Esker’s entire suite of solutions, extending beyond initial expectations.
From Vision to Reality
Over six months, OCS refined its goals and decided to explore the full potential of Esker’s offerings. After undergoing a rapid three-month training, the first module—accounts payable—was launched in November 2024.
Expanding Capabilities
Since the successful deployment of the accounts payable module, OCS has rolled out additional functionalities, including supplier contract management and expense management. The remaining five modules are slated for implementation by the close of 2025, marking a significant step towards comprehensive financial automation.
A Commitment to Sustainability
OCS’s finance director, Debby Wong, expressed the company’s ideals succinctly: “We’re committed to smarter, more sustainable ways of working.” With AI ingrained in their operational approach, OCS is improving workflows, enhancing employee support, and ultimately delivering superior outcomes for its clientele.
Enhancing Financial Operations
By digitizing and automating formerly manual tasks—like generating customer sales and supplier purchase orders—OCS is not just streamlining its operations but also accelerating payment cycles. This modernization is essential for improving overall accuracy in finance operations.
Digital Transformation at Scale
Irene Direnko-Smith, Fujifilm’s head of process automation, highlighted the significance of OCS’s approach: “OCS New Zealand’s bold move to adopt the full Esker suite in one go is a standout example of digital transformation at scale.” Such ambition sets a benchmark for other organizations aiming for technological advancement.
The Role of AI
Artificial intelligence is no longer a futuristic concept; it’s a tangible component reshaping the finance industry. By embracing AI, OCS is enabling more precise and faster decision-making processes, a critical factor in today’s fast-paced business environment.
Employee Empowerment
The integration of advanced automation tools not only benefits financial operations but also empowers employees. By alleviating staff from repetitive tasks, they can focus on more strategic initiatives, leading to enhanced job satisfaction and productivity.
The Future of Finance
As OCS continues to roll out Esker’s tools, the future looks bright for the company. The ongoing commitment to automation and AI ensures that OCS will remain at the forefront of financial operations, setting industry standards and inspiring others to follow suit.
A Strategic Partnership
The collaboration with Fujifilm Business Innovation has proven to be a pivotal element in OCS’s journey towards innovation. By aligning vision and technology, both entities are positioned to drive significant advancements in the finance sector.
Community Impact
As a key player in facilities management, OCS’s transformation will likely have ripple effects throughout the community and industry. Enhanced operational capabilities can translate into better service delivery, impacting their clients and stakeholders positively.
Driving Competitive Advantage
In an era where efficiency is crucial for survival, OCS’s proactive approach to embracing advanced technology is a competitive advantage. This early adoption of comprehensive automation solutions equips the organization to meet evolving market demands.
Learning from the Experience
OCS’s journey serves as a case study for organizations considering automation. The lessons learned can be invaluable for others seeking to initiate similar transformations and streamline their operations.
Commitment to Continuous Improvement
Maintaining a focus on innovation and sustainability will be essential for OCS moving forward. Continuous refinement of their processes and technologies will ensure they stay ahead in a rapidly changing landscape.
Conclusion: Embracing the Future
In conclusion, the transformative journey undertaken by OCS New Zealand, propelled by their partnership with Fujifilm Business Innovation and the implementation of Esker’s AI tools, sets an exemplary standard in finance operations. As OCS continues to navigate this path, their commitment to smarter practices and sustainable technologies will undoubtedly enhance their service delivery and operational efficiency, paving the way for future innovations.
