How to Get Your Customers to Give up Paper

May 2, 2012 by Leave a comment

Report after report, survey after survey, and white paper after white paper tout e-invoicing’s benefits: accelerated cash flow, reduced days sales outstanding, increased productivity, elimination of human error, as well as the appeal of “going green.”

But, research shows AR is still a largely paper-based function. The TARN Benchmarking Billing Practices survey found that paper was the most common invoice delivery format. One fifth of the respondents issue all invoices on paper; one fourth send some percentage of invoices via traditional EDI; and only two percent send all invoices via EDI.

The Accounts Payable Networks’ Key AP Benchmarks survey shows that the amount of paper invoices received varies by industry and company size. The percentage of paper invoices sent to respondents’ AP departments ranged from a median of 30 percent in retail trade to 95 percent in educational services and public administration (government).

Read the full article here.

Filed under Accounts Payable, Accounts Receivable

What’s Slower Than a Snail?

March 19, 2012 by Leave a comment

The U.S. Postal Service is currently executing cost-cutting measures that include closing or consolidation of more than 220 mail processing plants and decreasing the expected delivery time on first class mail to two-to-three days.

So what’s the big deal for businesses?  Well, when you consider that at least 50% of invoices are still sent using physical mail, slowing that delivery can have a huge, cumulative impact on companies’ ability to collect cash and control DSO.  In an article in the April issue of CFO & Controller Alert, REL Consultants estimates that you’ll wind up with an additional 2-4 days in your collections cycle.  And, an article by David M. Katz in CFO.com, highlights the additional impact these mail delays will have on working capital.  Just Google it and you’ll find plenty more on the topic.

Feeling anything yet?  Well, if you’re a Finance Executive and your A/R and A/P departments are manually shuffling paper invoices, you should be looking for ways to mitigate the impacts coming your way.  Read more of this post

Filed under Accounts Payable, Accounts Receivable, Paper-Free

Pentair, Inc. Expands Use of Esker DeliveryWare to Automate AP and Sales Order Processing

March 19, 2012 by Leave a comment

Madison, WI – March 19, 2012 – Esker, the leader in document process automation solutions, today announced that Pentair, Inc., a leading global provider of water movement, treatment and storage products and systems, has deployed Esker DeliveryWare to automate the processing of supplier invoices and sales orders into its SAP® system. These new solutions build on the success of Pentair’s implementation of Esker DeliveryWare to automate delivery of purchase orders and other documents out of its SAP system using the Fax on Demand cloud service from Esker.

After first implementing Esker DeliveryWare several years ago to address recurring problems with the aging fax server system it was using for outbound delivery of supply chain documents and marketing communications, Pentair has leveraged Esker DeliveryWare to automate processing of inbound accounts payable and sales order documents. As a result, the company has seen significant gains in productivity, visibility and overall process improvement.

Read the full Press Release here.

Filed under Accounts Payable, Cloud Computing, Fax, Sales Order Processing, SAP

Farmland Gives Its Business Process a Streamlined Overhaul with AP Automation from Esker

March 14, 2012 by Leave a comment

Madison, WI – March 14, 2012 – Esker, the leader in document process automation solutions, today announced that it has been selected by Farmland Foods, Inc., a renowned international pork processing company, to automate processing of purchase order, non-purchase order and freight invoices into the company’s existing SAP® system.

With approximately 7,500-8,000 invoices processed per week, and expanding operations, Farmland recognized the importance of minimizing costs, staff requirements and labor-intensive duties associated with the company’s growth. In addition to keeping pace with growing volume without adding headcount, a top priority is to increase the speed, accuracy and visibility of their accounts payable (AP) operations by eliminating outdated manual methods.

Read the full Press Release here.

Filed under Accounts Payable, SAP

Esker Highlights Single Platform for Integrated Invoice Automation at Financials 2012 event

March 13, 2012 by Leave a comment

Las Vegas, NV (March 13, 2012) – Esker, document process automation solutions leader and an SAP® software solution partner, is a Platinum Sponsor of the SAP-SAPinsider Financials 2012 conference, occurring today through March 16 at the MGM Grand Hotel & Casino in Las Vegas, Nevada.

At booth #700 in the Financials 2012 exhibit hall, Esker will showcase how its automation platform with SAP-certified integration can be leveraged to unify each piece of an organization’s document process improvement efforts — from paper-free accounts payable invoice processing and 100% electronic accounts receivable invoice delivery to automated order processing and any other documents in the cash conversion cycle. Attendees will recognize the Esker booth by its puzzle theme and “All the Pieces, One Integrated Platform” message.

Read the full Press Release here.

Filed under Accounts Payable, Accounts Receivable, Paper-Free, SAP

Qualicaps Selects Esker to Automate Critical Business Documents, Streamline Invoice Processing

February 28, 2012 by Leave a comment

Madison, WI – February 28, 2012 – Esker, a foremost authority in document process automation solutions, today announced its completion of a technology project for the European division of Qualicaps, a global supplier of two-piece capsules, machinery and technology. With over 60,000 documents produced yearly, Qualicaps was looking to automate the processing of critical business documents, production documentation and vendor invoices.

Spearheaded out of Qualicaps’ European headquarters in Madrid and encompassing all of its European factories, the project consisted of two phases: the first involved the process automation of Certificates of Analysis and production documentation sent to customers; and the second, the implementation of vendor invoice automation.

Read the full Press Release here.

Filed under Accounts Payable

How CFOs Can Better Focus on High Value Tasks

February 21, 2012 by Leave a comment

Document process automation allows Chief Financial Officers (CFOs) to significantly reduce operational costs and focus resources on higher value tasks, says Christophe DuMonet, Managing Director, Esker Australia Pty Ltd. It eliminates manual, tedious, repetitive, low value activities, he adds.

From a sponsor company at the upcoming marcus evans CFO Summit 2012, in the Gold Coast, Queensland, Australia, 4 – 6 March, DuMonet highlights the value of document process automation for CFOs.

Read the full article here.

Filed under Accounts Payable, Accounts Receivable, Paper-Free

Human Capital

January 16, 2012 by Leave a comment

- Contributed by Brian Erlien, Inside Account Executive, Esker

I read an interesting article from Tech Crunch about why Apple bought Anobit. 

The article states two main reasons:

  1. Because of the flash memory controllers produced by Anobit are used in Apple’s Products
  2. With this one acquisition Appled added 160 Chip Engineers (this represents about a 10% increase in Apple’s current Chip Engineering Department).

 Anyone that follows Apple knows that they have a ton of cash but, they don’t spend it foolishly. Read more of this post

Filed under Accounts Payable, Accounts Receivable, Paper-Free, Sales Order Processing

Check out these top trends for accounts payable in 2012

January 3, 2012 by Leave a comment

I was reading through the latest issue of Financial Operations Matters and found this article” Are you ready for Lean AP?” which highlights some of the upcoming trends that are predicted for accounts payable automation in 2012.     Some of the more interesting parts of the article include: Read more of this post

Filed under Accounts Payable, Cloud Computing, Paper-Free

What are the benefits of setting up workflow outside the ERP?

November 2, 2011 by Leave a comment

Have an Accounts Payable automation project initiative?  Before you get knee-deep in the vendor evaluation process, make sure you consider the option of using a solution that handles workflow outside your ERP solution.   Why you ask?  Well, even though you might think it’s good to keep the workflow inside your ERP, there are some benefits to actually having workflow take place outside the system. Read more of this post

Filed under Accounts Payable, Cloud Computing, Paper-Free

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