Solix Technologies, a global leader in cloud data management and AI solutions, has officially announced the launch of Solix ECS, which happens to be an affordable, intelligent document management solution. In essence, the stated solution leverages advanced cloud and AI capabilities to transform document management for accounting and finance teams, and therefore, help them realize significant efficiencies across payments, collections, vendor or customer onboarding, audit queries, compliance, and insights delivery. Talk about the whole value proposition on a slightly deeper level, we begin from its cloud document management capabilities that effectively eliminate paper and information silos with low-cost, cloud-based storage and management system. Furthermore, these capabilities conceive a role-based access for authorized users from anywhere and anytime so to enhance productivity and remote access. Next up, we must get into the solution’s document AI mechanism. This one brings efficiency and speed to high-volume document processing, using AI for data extraction, classification, searching, and AI-driven insights. Such a mechanism, like you can guess, treads a long distance when the agenda is to optimize processes like accounts receivables and accounts payables. More on the documentation aspect would reveal the presence of an automated document collection infrastructure, where users can streamline collection from users and applications, eventually eliminating a larger part of the usual errors, saving time, and avoiding data duplication.
Beyond that, Solix ECS also offers an automated setup for wider workflows. Owing to that, you can reduce manual effort, delays, and errors with automated workflows for tasks like invoice approvals and audit preparations. This, in turn, would again spare your finance teams a lot of time to dedicate towards more strategic activities. The solution in question is further well-equipped to facilitate secure sharing and collaboration, a feature which involves enhancing collaboration through secure sharing, large file transfers, client portals, annotations, and integration with Microsoft 365 and Google Workspace. Making that security aspect even stronger is the solution’s advanced data protection. You see, users of Solix ECS can protect their financial information thanks to AES 256-bit encryption, redundant storage, real-time backups, advanced access controls, and compliance certifications including SOC 2, PCI-DSS, HIPAA, and GDPR.
“According to findings from the 2023 Gartner® AI in Finance Survey, less than 10% of organizations are using AI in their finance function or scaling AI usage in finance to larger groups of users. This puts finance 2X behind in the adoption of AI compared with organizations’ administrative support functions,” said Kalyan Manyam, VP of Enterprise Content Platforms at Solix Technologies. “Solix aims to bridge this gap. Solix ECS, our Cloud and AI-powered document management system, offers an affordable enterprise-grade solution for finance teams across businesses of all sizes to accelerate their AI adoption and drive transformative improvements.”
Hold on, we still have a few bits left to unpack, considering we still haven’t mentioned the product’s advanced search and metadata facility that makes it possible for you to seamlessly find and organize documents. You can also use custom tags and categories for fast, accurate retrieval, enhancing document management. Joining the same is Solix ECS’ take on file and email archiving, a take which enables you to earmark vital emails and files such as vendor communication, invoices, contracts, and financial reports. This not only reduces the costs of managing information, but at the same time, it also builds a secure repository of historical information for accurate business and compliance reporting. Offering comprehensive audit functionalities as well, the solution is, markedly enough, available at a more affordable price point than its alternatives. You see, while the stated alternatives cost users many thousands of dollars, the Solix fully managed SaaS platform starts at just $99/month for teams of up to 50 users.
