The Life Sciences field is always under pressure to stay above water due to cost pressures and related issues. Regardless, the outlook for this field is looking better, despite requiring constant technological advances to stay ahead. As your own life sciences company deals with these challenges, you’re perhaps faced with an acquisition to stay more relevant in your field.
Because your company has multiple complex layers, you’re probably not looking forward to having to consolidate everything into a new division. Doing all this on your own only risks making major errors that could catch up with you later.
The same could occur when forced to invest in new infrastructure because your current technology isn’t supported by the new partner. Read more
Recently, Esker announced the availability of an Oracle E-Business Suite connector for its AP on Demand standard application — developed to integrate seamlessly using Oracle standard communication methods.
Now, organizations using Oracle can get in on the benefits of an automated AP solution. Based on Esker customer results, AP automation can help businesses receive and enter invoices up to 65 percent faster, and lower processing costs by as much as 60 percent.
Jean-Michel Bérard, Esker’s CEO, spoke of the integration, “We are helping our customers maximize their JD Edwards EnterpriseOne investment with efficient and seamless solution integration — implementation is quicker, user adoption is enhanced and ROI is rapidly achieved.” Read more
MADISON, WI – July 12, 2016 – Esker announced today that it is a finalist in the 2016 SaaS Awards Program in three categories: Best SaaS Product for ERP, Best SaaS Product for Business Accounting or Finance and Best SaaS Product for Management Accounting or Budgeting.
With awards for excellence and innovation in SaaS, the Software-as-a-Service Awards program received more than 200 entries from around the world, including companies located in the US, Canada, Australasia, UK and EMEA. 2016 is the inaugural year for The SaaS Awards program, which is partnered with the annual Cloud Awards. Read more
Madison, WI — July 12, 2016 — Esker announced today the availability of a new solution integration with Oracle E-Business Suite. Esker customers can now receive supplier invoices directly in Oracle E-Business Suite Payables application. With paper and manual handling removed from the equation, companies can dramatically improve their workflow efficiency and staff productivity while providing full visibility and accountability from start to finish.
Esker’s accounts payable automation solution (AP) is built on standard Oracle E-Business Suite objects and communication methods, providing customers with a safe, seamless integration and offering IT departments the peace of mind they require during rollouts of new technologies. Companies can be up and running in just a few weeks and benefit from AP automation sooner rather than later. Read more
Henry Ford had a concept involving lean manufacturing, where he saw a need to eliminate unnecessary waste and have a tighter, more continuous flow in the production process. Like Mr. Ford, supply chain and customer service leaders today are finding they need a better way to improve on productivity and remove wasteful steps in their value chain. By extending lean manufacturing into your order processing today, this will give you better production speeds, more company savings and improve the customer experience without sacrificing quality service. With these on-demand and on-premises software solutions now available, they make more automated order management possible and these hidden customer service costs are greatly reduced. Read more
One thing that limits growth for companies is the inability to respond in a cost-effective way when order volumes expand significantly. Businesses that experience sudden bursts of growth often cannot keep up with the orders because they lack the capacity to automate the increased volume of work.
The shock that sales order process (SOP) systems experience in such cases are dramatic, instead of profits, increased sales volumes result in fulfillment errors, dropped orders, and insurmountable backlogs, which in turn place greater stresses as costs skyrocket and the net output slows to a trickle. The most efficient solutions integrate sales order process automation that support sustainable growth and reduces the pressure to increase staffing levels. Read more
Getting Consensus Among Key Stakeholders
Sales has long been taught to seek out the magical individual who can single handedly approve a deal at a company. However, if you have ever been in the position of vetting out a business solution, you are familiar with the reality that it is rarely a unilateral decision. Today, the average B2B purchasing decision involves 5.4 people.1 The fate of a project is often determined by a group of individuals — all with different roles, responsibilities, pain points (and oh-so-many conflicting opinions).
Reaching a decision regarding whether to implement an order processing automation solution is no different. The effects of poor order management are far reaching. There is a growing emphasis on things like supply chain execution, growth management and visibility related to inventory, regulatory compliance and customer satisfaction.
Here’s a quick overview on what order processing automation is … and what it isn’t (click image to enlarge): Read more
It was recently reported that the U.S. still runs its nuclear program using 8-inch floppy disks. You read that correctly. We’re using floppy disks … in 2016 … to manage the most dangerous weapons in the world.
As shocking as that news was, it should come as no surprise that individuals and institutions still rely on outdated and even obsolete technologies despite the fact that we’re already one-sixth of the way through the 21st century. We don’t like change.
Look at the business world: Accounts receivable (AR) is a prime example. (Ok, so keeping company cash flow positive isn’t nuclear-launch-code-important, but important nonetheless.) Despite often being the largest or second largest asset on a company’s balance sheet, the internal processes of many AR teams remain stuck in the past, particularly the component of collections management. Read more
Companies involved in the production, movement or sale of physical goods all must deal with organizing their increasingly complex and global supply chain. Although it is not a fun part of the operation, it is a necessary evil to get the products to market around the world. Understanding so, companies seek to lower the costs, reduce the time and improve the quality of shipping. By doing so, they can improve margins, reduce hassles and improve net profits. Specifically, there are a few ways to secure lower costs in supply chain management that are often overlooked.
One of the most common costs are order entry errors.
Workers that manually place the wrong orders can cost their firms thousands or even millions of dollars. These simple errors frequently occur and have a huge impact on the financial performance of the firm. They cause massive delays and increased costs. Read more