ACCOUNTS PAYABLE AUTOMATION
Esker Named a Market Leader in
Ardent Partners 2021 ePayables
Technology Advisor
Why Automate with Esker?
Esker’s Accounts Payable automation software allows businesses to eliminate the pains of manual AP invoice processing thanks to AI-driven data capture, touchless processing and electronic workflow capabilities. The end result? A simpler, more efficient way to manage cashflow, generate new revenue and achieve positive-sum growth.
- Simplify AP InvoicingReduce the effort needed to improve cash management, reduce operational costs, & speed up financial close & audit procedures.
- Work Smart, Work MobileFrom invoice analytics, to performance monitoring, to mobile capabilities, let data drive your decisions — at the office or working remotely.
- Become Supplier-FriendlyConsistently deliver accurate, on-time supplier payments, rapid dispute resolutions & real-time communication tools.
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Empower your team members with actionable data
Intelligent dashboards with real-time KPIs allow finance teams and accounts payable workflow users to customize AP metrics that are displayed on their interface in easy-to-read graphs and reports. This allows every action – from performing daily tasks to monitoring budgets – to be more strategic and value-added.
- Automation
monitoring- Touchless rate trend
- Invoices by month
(PO vs. non-PO) - Reception method by month, etc.
- Performance
monitoring- DPO
- On-time payment
- Average processing time by month, etc.
- Ongoing/in progress workload monitoring
- Invoices to approve
- Invoices pending review
- Invoices on-hold
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TOOLS TO WORK SMARTER, NOT HARDER
Esker’s automated AP software is built off of 35+ years of field experience and features a wide range of intelligent and powerful functionalities to optimize the accounts payable process, including:
- Persona Block Icon:
Persona Block Title:AI-DRIVEN AUTOMATION
Persona Block Text:Esker’s AI Engine can extract key invoice data, suggest coding information, detect unusual amounts, automatically reject non-compliant invoices and suggest a split for a batch of multi-page invoices received for the first time.
Persona Block Url:https://www.esker.com/technology-solutions/artificial-intelligence/ - Persona Block Icon:
Persona Block Title:ERP INTEGRATION
Persona Block Text:Esker’s AP solution integrates with any ERP and has standard connectors for SAP®, Oracle® and Microsoft, while providing simultaneous integration with multiple ERPs.
Persona Block Url:https://www.esker.com/technology-solutions/erp-software/ - Persona Block Icon:
Persona Block Title:ESKER ANYWHERE™
Persona Block Text:Esker Anywhere™ enables managers to review and approve supplier invoices, enter workflow comments, and track KPIs whether they’re on the go or working remotely.
Persona Block Url:https://www.esker.com/technology-solutions/mobile-business-solutions/ - Persona Block Icon:
Persona Block Title:SUPPLIER PORTAL
Persona Block Text:Give your suppliers self-service access to payment information, helping them get paid faster while saving your company time previously allocated to fielding calls.
Persona Block Url:https://www.esker.com/business-process-solutions/procure-pay-process/supplier-management-automation/
Mobile management? Use Esker Anywhere™.
Esker’s mobile requisition and invoice approval application allows you to:
- Easily approve invoices and purchase requisitions whenever and wherever from your Apple® or Android™ device.
- Quickly resolve exceptions and approvals, forging positive relationships with your suppliers.
- Increase efficiency in the P2P process by acting fast and requiring less effort for approvals.
- Keep an eye on key metrics. Dashboards can be managed on the go so business can be kept on track no matter the time or the place.
Multi-channel invoice automation
Esker's multi-channel solution optimizes invoice management by enabling processing in any format and from any input channel, whether invoices are received by mail, email, fax or EDI. By turning a machine-readable EDI invoice into a human-readable version, you can now apply standard AP processes to EDI invoices as well.
- Access EDI invoices as PDFs from your SAP system or any other ERP
- Eliminate the need for IT support to resolve EDI issues
- Increase “touchless” processing rates for EDI invoices, helping to reduce errors
- Enhance invoice visibility across all formats and reception channels
Ensuring AP tax compliance
Keeping up with changing regulations is tricky and managing suppliers across borders adds even more complexity. Esker's AP e-invoicing solution delivers compliant, paperless invoice processing on a global scale. Archived invoices are kept secure for as long as the local authorities' laws dictate.
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Frequently Asked Questions
We’ve compiled answers to some of the most commonly asked questions about Esker’s Accounts Payable automation solution. Have a question you can’t find the answer to? Reach out by clicking the “Get in Touch” button below.
How does an Accounts Payable solution increase employee productivity?
It’s not uncommon for AP staff members to spend much of their time on manual tasks (e.g., entering invoice data into the ERP, hunting down approvals, printing and collecting documents, etc.). AI-driven AP automation solutions takes care of all those repetitive, low-value admin activities so you don’t have to. As a result, your team is free to focus on more strategic activities that impact cash management and your supplier relationships.
What advantages will I see with an automated AP invoicing solution?
Users of an AP solution can expect to see a number of transformational benefits following go-live. From an operational standpoint, accounts payable automation often translates to faster invoice processing times, lower costs, simplified IT environment, and enhanced visibility over invoices and closing procedures (just to name a few). For your customers and staff, it can mean greater collaboration and overall satisfaction. Lastly, for business, these solutions can ultimately lead to more business opportunities, expansion into new markets, and increased fraud prevention.
Do accounts payable software integrate with all ERPs?
Yes! To date, Esker has over 70 unique ERP or home-grown solutions. Our ERP connectivity suite also provides simultaneous integration with multiple ERPs, which simplifies diverse environments resulting from M&A activity, streamlines onboarding, and supports shared services center initiatives.
Does automation solutions replace my ERP system?
No! An automated Accounts Payable solution is not designed to replace ERPs; rather, the solution works alongside whatever system or systems currently in place to fill in the manual gaps most conventional ERPs can’t handle. This helps invoices get processed faster and more accurately, while also helping your company maximize its ERP investment.
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Questions about Accounts Payable Automation software? We're happy to help!
