Microsoft Dynamics(TM) NAV Signals the Demise of Paper Based Production and Storage of Financial Documents
London, UK 10:00 23/10/07
Equisys plc, one of the leading developers of software solutions for document production and delivery, and a Microsoft Gold Certified Partner, today announced the launch of Zetadocs for Microsoft Dynamics NAV. This new integration with Microsoft Dynamics NAV is being showcased at Convergence EMEA, the premier Microsoft Dynamics event, being held in Copenhagen between 23rd and 25th October.
The adoption of NAV has become a phenomenon in the ERP software market with an install base of over 67,000 customers and over 7,500 of these added since 2005. Its tight integration with the `stack` of other Microsoft office applications makes it a compelling offering for businesses.
However, as with other ERP systems, many customers still depend on paper for the production and management of key financial documents. Now, with the launch of Zetadocs for NAV, Microsoft's solution is strengthened further by enabling users to eliminate paper entirely from their finance processes by switching to electronic document production, delivery and management - but still achieving the same high standards of quality, compliance and security.
The unique advantage of Zetadocs is that it provides comprehensive electronic document production and management from NAV; incorporating the capture of inbound documents, adding automatic document creation and delivery and then enabling secure storage via Microsoft SharePoint® with instant access for authorized users.
Microsoft UK's NAV Product Marketing Manager, Steve Farr, commented "The addition of an add-on application like Zetadocs for NAV provides even more reasons to choose NAV as your preferred ERP solution. I would suggest Zetadocs is something that all NAV customers could consider investing in."
Commenting on the cost of production and storage of paper documents, Chris Oswald, CEO of Equisys, explained "Paper based management of financial documents hurts business in three key areas. First, the productivity of accounts personnel always suffers whenever they are required to produce large numbers of statements or invoices. Production of just 1,000 paper based invoices per month can amount to annual costs of over £7,000 based on the cost of materials and the time spent producing the documents. In addition, most businesses will retain paper copies of these documents, spending up to £500 rental space per filing cabinet to maintain day-to-day access and adhere to compliance regulations.
"Next, the mailing of the invoices or statements also has a direct impact on the bottom line of any business. Simply mailing 10,000 invoices a year amounts to a cost of over £3,000."
"Finally, financial information retained within the ERP system is often required by many departments in the organisation, but gaining access to this information generally has to involve the accounts team, soaking up valuable time. Other staff will not have the expertise to use the software or they will be unable to access it because of the restriction on licenses."
Zetadocs for NAV delivers significant savings in each of these three key areas of business cost. It enables accounts personnel to produce automatically `print quality` electronic documents; it manages batch deliveries by customers' preferred method of receipt; it then automatically archives documents to SharePoint where they can be viewed by authorized personnel; be they in Sales, Marketing or any other department.
About Zetadocs for Microsoft Dynamics
NAV Zetadocs for NAV integrates with Microsoft Dynamics NAV to capture orders, create invoices, statements, remittances and other financial documents on screen and then deliver them automatically by email, fax or as paper copies dependent upon customers' requirements. It integrates with Microsoft Office SharePoint Server to enable secure storage and instant document retrieval by authorized network users.
Zetadocs for NAV will be released to Microsoft Dynamics Partners from November 2007. Software will be available for installation at end user sites from December 2007. Zetadocs for NAV is sold exclusively through Microsoft Dynamics Certified Partners.
About Equisys
Equisys produces software packages for document production and delivery, including the award winning Zetafax® network fax server and a family of Zetadocs products that include the newly released Zetadocs for NAV and Zetadocs PDF which creates and emails personalized PDF documents.
Our software products are designed for small and mid-market businesses, and for departmental use at multinational companies. They stand out from the competition by being simple to install and manage, reliable and great value - backed by outstanding service and support.
We have over 60,000 customers, in more than 100 countries which are served through an international partner network of distributors, VARs, resellers and ISVs.
Our market leading fax server, Zetafax, speeds the flow of critical business documents by enabling users to send and receive faxes on their PCs. It integrates with ERP, CRM, accounting and other applications for automated faxing from those systems, providing auditable records of fax communications.
Zetadocs helps users work smarter by creating and delivering electronic documents, streamlining business processes to remove tedious manual procedures and help companies improve the service levels they offer.
Equisys was founded in 1987 and has offices in London, UK and Atlanta GA, USA.
Contact information:
Equisys plc
Matthew Smith
msmith@equisys.com
Equisys House
32 Southwark Bridge Road
London SE1 9EU
United Kingdom
Tel + 44 (0)20 7203 4000
Fax +44 (0)20 7203 4005
Equisys Inc
Shannan Friedman
sfriedman@usa.equisys.com
30,000 Mill Creek Avenue
Suite 335
Alpharetta, GA 30022
USA
Tel: +1 (770) 772 7201
Fax: +1 (770) 442 5789
