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

International Companies Cuts Customer Invoicing Costs in Half with Esker on Demand Automation

April 2, 2012 by Leave a comment

Food ingredient industry leader supports efforts to go green with electronic invoicing service

Madison, WI – April 2, 2012 – Esker, the leader in document process automation solutions, today announced that International Companies, the corporate umbrella for four leaders in the food ingredient industry, has successfully implemented an Esker on Demand solution to automate the processing and delivery of customer invoices. The Esker solution integrates with International Companies’ ERP system and leverages Esker production facilities to eliminate the need for manual mail processing while facilitating customer adoption of electronic invoicing.

Read the full Press Release here.

Filed under Accounts Receivable, Cloud Computing

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

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

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

It Takes Two to E-invoice

December 16, 2011 by Leave a comment

Anyone involved in business management has read about the benefits of electronic invoicing. However, actually adopting a solution can be a difficult process and often falls into the “nice to have” list of things that improve efficiencies. Why is this?

There are several reasons vendors wish to send their customers e-invoices (e.g., cost savings, process efficiencies, reduced environmental impact, etc.). Unfortunately, many customers do not welcome the e-format — some are reluctant to follow their vendors’ practices. In other cases, small companies, free-lancers and other businesses in unique sectors are simply not prepared to use the e-format. Additionally, e-invoices are not obligatory and cannot be imposed. In Spain, where e-invoicing regulation is among the strictest in the world, customers must give consent before receiving e-invoices from vendors, keeping the right to withdraw their decision at any time.

Read more of this post

Filed under Accounts Receivable

Protera Takes Integration to New Level with Fax Services for SAP® from Esker

December 12, 2011 by Leave a comment

Madison, WI – December 12, 2011 – Esker, the international leader in document process automation solutions, today announced its partnership with Protera Technologies, a premier SAP® applications provider, to modernize customers’ faxing capabilities with an SAP-integrated, cloud-based solution.

As Protera was searching for a solution to automate all of their customers’ faxing requirements, NB Coatings, a Protera customer and the leader in the North American plastic automotive coatings market, was looking for a new fax service of their own. “NB Coatings came to us seeking a solution to their fax problems,” said Carl Lafoe, Global VP of Hosting and Application Services at Protera. “At the same time, we were exploring options for an SAP-integrated solution that could be implemented as part of our service portfolio to all our customers. Ideally, we wanted to address every need with one solution.”

Read the full Press Release here.

Filed under Accounts Receivable, Cloud Computing, Fax, SAP

Success Strategies for Automated Accounts Receivable Invoicing

December 7, 2011 by Leave a comment

The Accounts Receivable Network Presents a Free Webinar

ATLANTA, GA, Dec 06, 2011 — The Accounts Receivable Network announces Success Strategies for Automated AR Invoicing for accounts receivable professionals. The topics to be addressed during this information-packed event include how to increase productivity, improve visibility, and what’s new in accounts receivable.

Read the full Press Release here.

Filed under Accounts Receivable

Network Services Simplifies IT Landscape via Automating AR Processes and Cloud Faxing from Esker

December 6, 2011 by Leave a comment

Madison, WI – December 6, 2011 – Esker, the leader in document process automation solutions, announced today it has been selected by Network Services Company, an international, member-owned distribution network, to automate outbound mailing and faxing of purchase orders, invoices and accounts receivable statements. Integrated with Network Services’ newly adopted SAP® system, the Esker solution has streamlined processing of its 3,000+ documents per month to over 100 suppliers, customers and member-distributors.

Read the full Press Release here.

Filed under Accounts Receivable, Cloud Computing, Fax, SAP

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