Esker Blog
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In the dynamic landscape of Procurement, where efficiency and cost-effectiveness reign supreme, the emergence of eSourcing has transformed the way businesses manage their sourcing processes. In this comprehensive guide, we delve into what is eSourcing, its mechanics and the myriad…
In today’s rapidly evolving business landscape, automation in procurement, sometimes referred to as e-procurement, is increasingly becoming the standard practice. With technological advancements driving the change, companies are seeking new, innovative ways to enhance supply chain management,…
In the rapidly evolving business landscape, strategic procurement decisions have emerged as a cornerstone for enhancing efficiency and driving cost savings. The adoption of an integrated approach, particularly through e-procurement and source-to-pay (S2P) processes, underscores a forward-thinking…- Country updatesEUROPEBELGIUM – Adopted by the parliament in early 2024, B2B e-invoicing mandate has been postponed from July 1, 2024 to January 1, 2026. Additional information is expected in the coming months.E-invoicing system: PEPPOLDeadline: January 1, 2026 for all businessesOfficial information…
- Applicable starting January 1, 2025, for the 2024 Financial Year, the Corporate Sustainability Reporting Directive (CSRD) sets new standards and requirements for non-financial reporting. This European Union directive upon the EU’s Green Pact - a commitment to establishing carbon neutrality by 2050…
In the realm of business operations, staying abreast of regulatory requirements is paramount. In Singapore, the implementation of GST InvoiceNow by the Inland Revenue Authority (IRAS) represents a significant milestone in the digitisation of invoicing processes.On 15 April 2024, the Inland…
The source-to-pay (S2P) process is a critical component of Procurement, encompassing the entire lifecycle of purchasing activities within an organisation. Beginning with sourcing suppliers and negotiating contracts, it extends through purchase requisition, order placement, invoice…
New day, new challengesWhile some things always stay the same, for better or for worse, other things keep changing (also for better or for worse). If you’re the CFO or financial head of a business, you are in a prime position to influence how change is handled. And in addition to the “usual”…
Control what you can control.It’s a mantra that many accounts receivable (AR) departments would be wise to observe.With so many external factors impacting cashflow (high interest rates, elevated inflation, etc.), the last thing today’s AR leaders and their teams need are internal obstacles…
In its Top 5 Finance Trends and Priorities for CFOs in 2024, Gartner says economic headwinds have forced CFOs to look beyond temporary measures and find new ways to lead finance through digital transformation. The analyst forecasts that through 2025, more than 40% of finance roles will be…
On the 9th of February, LHDN announces the release of e-Invoicing Guidelines Version 2.2, e-Invoicing Specific Guidelines Version 2.0, and the much-anticipated Software Development Kit (SDK) Beta Version. These releases mark a significant leap in clarity, addressing various invoice scenarios like…
Here’s a little secret: I’m a big fan of those year-in-review shows that pop up everywhere in December. Usually, I watch it with friends or family and repeatedly say things like: “That was only this year??” or “Oh, they got married?” It’s a fascinating experience to observe your own brain’s time-…
Credit management is a vital function for any business that deals with customers and suppliers. It involves assessing the creditworthiness of potential and existing customers, setting and enforcing credit policies and terms, monitoring and collecting payments, and managing credit risks. Credit…
Artificial Intelligence (AI), the simulation of human intelligence by machines, has been around for longer than some might think: The actual beginnings of this field lie in the 1950s, at Dartmouth College in New Hampshire. Over the decades, the excitement has alternately waxed and waned. What…
Remember when Customer Service was about actually serving customers?Hyperbole aside, today’s B2B Customer Service Representatives (CSRs) are trying their best to be everything their organizations need them to be — problem solvers, relationship builders, revenue generators — but far too…
For Esker, building a human-centric and sustainable business has been the objective ever since we started the company 39 years ago. And today we still ask ourselves how we can encourage others to also embrace this vision for their organizations.Some vacation reading took me to the Maslow Hierarchy…