Esker Blog
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At Esker we were really pleased to learn that we met the inclusion criteria for the 2022 Gartner® Magic Quadrant™ Report for Procure-to-Pay Suites the third year running. Providing companies across the globe with a solution that helps them better manage spending and financials is the reason why we…
In Part 1 of the Rethinking Receivables blog series, we highlighted four strategies that all finance leaders should prioritise in 2023 in order to maintain a healthy cashflow and resilient business model.Now, in Part 2, we explore the influence and impact of AI-driven…
Millennials are now the largest generation in the workforce and businesses are being forced to adapt their antiquated processes to accommodate for this tech-savvy, educated group of individuals. As a result, businesses now more than ever are investing in automation technology to…
Supplier management is a complex, multi-step process that’s a fundamental aspect of an organisation’s success. However, despite its importance, it remains a highly manual process for so many businesses — which can lead to a slew of inefficiencies that affect every stage of the procure-to-pay (P2P)…
Entrance to the Year 2023, it’s an opportune time for finance leaders to review, reassess and rethink their accounts receivable (AR) strategies.But this prompt is not simply some end-of-the-year contrivance. A shift in mindset is arguably necessary for organisations to maintain a healthy…
While systems can significantly improve the efficiency and accuracy of the Accounts Payable process, there are still several missing gaps and challenges that companies may face before implementing a solution. In this article, we will explore five common AP challenges and discuss how…
In March 2020, whether they were ready for it or not, companies across every industry were abruptly thrown onto a roller coaster ride of harsh business challenges. Some managed to ride it out relatively unscathed, others hung on for dear life, many more fell off.Now, despite COVID’s initial “shock…
When managing accounts payable (AP) for a business, there are two main options: using an Accounts Payable Automation Solutions of your own or outsourcing the work to a third party. While both have pros and cons, the best option for your business will depend on your specific needs and goals.Esker…
Days Sales Outstanding (DSO) is a common measure for how long it takes a company to collect on an invoice. And after years of supplier shortages, drastic demand fluctuations, increased operating costs and liquidity pinches, Finance leaders are prioritizing goals associated with reaching the lowest…
R&D Team InsightsEsker’s R&D unit plays an integral role as Esker evolves to help companies solve even the most complex business problems by leveraging a foundation of innovation, technological expertise and global collaboration. Esker’s R&D team stands at 19%, comprising 181…
Access to data can be helpful to follow what you are in your accounts recievable process. Putting together Key Performance Indicators (KPIs) can help track performance and solve challenges, boiling down to the root causes. In this article, let’s look at five important KPIs to track in your Accounts…
As the recovery momentum gains traction in the post-COVID-19 period, Malaysia’s Government has announced the gradual implementation of an electronic invoicing system (e-Invoicing) to phase in 2023 as part of its strategies to increase the country’s tax revenue. In accordance with the Ministry…
Call them strategic advisors or value architects. Call them digital catalysts or change makers. Whatever you do, just don’t think of modern-day CFOs as merely number crunchers.Today, the role of CFOs and other financial leaders goes far beyond the scope of bookkeeping or budgeting. When it comes to…
Accounts Receivable (AR) leaders and companies faced hurdles, especially after the pandemic for the past 2.5 years. The way of working is very different from what it was before. Research shows that debts written off as uncollectable showed an alarming 50% increase in the Singapore market,…
Sunway Group is one of Southeast Asia’s leading conglomerates. With a presence in more than 50 locations worldwide, primarily across the Asian region. Sunway Group comprises 13 business divisions: real estate, construction, retail, hospitality, leisure, healthcare, education, financial and…
Hello again, change management fanatics. In Part 2, this blog series is dedicated to the backbone of successful digital transformation: change management. We will focus on the system factors that need to be in place and addressed before starting the actual change process. While this may seem…