MIDDLETON, Wis. — October 9, 2017 — Esker, a worldwide leader in document process automation solutions and pioneer in cloud computing, today announced it is working with ELIX Polymers, a leading manufacturer of ABS (Acrylonitrile-Butadiene-Styrene) resins and derivatives, to automate its accounts payable (AP) process. With the goal of improving supplier payments, ELIX Polymers selected Esker’s cloud-based Accounts Payable solution to automate an annual volume of 8,000 invoices from 2,000 suppliers in Spain and North America.
Prior to Esker, ELIX Polymers manually processed its supplier invoices (75 percent of which are received via email and 25 percent via postal mail), which resulted in significant delays in the time to allocate expenses to the right cost center.
Today, received invoices are scanned in batches and entered into an automated workflow. Esker’s intelligent image recognition technology extracts data, identifies the corresponding manager according to the supplier code and then dispatches the invoice for approval. Thanks to machine learning capabilities, Esker’s solution quickly identifies and corrects errors, knows which invoices to prioritize and which to reject, collates those from purchase orders and validates them through an electronic approval workflow. The streamlined process improves reliability and accelerates the processing of future invoices.