Esker, a provider of document process automation solutions, has announced the release of its new SaaS (Software as a Service) solution for managing supplier invoices based on a pay per document model. The company says that the new solution offers a real alternative to traditional software for companies, eliminating their need to finance, install, manage and maintain software and/or hardware.
Since 2005 Esker has positioned itself as one of the leading developers of document automation solutions on Demand as well as one of the major players in the SaaS market in France. In 2008, SaaS sales amounted to $9.25m or 26% of total sales revenue. Esker’s worldwide production platforms process 60 million pages each year while serving more than 25,000 users.
Developed to lighten the load for those who manage and process invoices (Finance, Accounting, Purchasing department), Esker says its solution requires only a scanner and a simple Internet connection to completely automate vendor invoice processing.
The solution is designed to automate vendor invoice processing, from invoice capture to payment. With 80 per cent of vendor invoices currently received in paper format, a large majority of companies are still manually managing their processing. A tedious and cumbersome process, it generates costs, productivity losses (manual entry, indexing, archiving, manual workflow approval routing) and potential errors resulting in payment delays.
“This solution is the result of the combined expertise of Esker DeliveryWare process management automation and on Demand services developed for Esker on Demand and FlyDoc. Thanks to this new SaaS offer, we are helping companies eliminate paper from their business processes; reducing costs and processing time of vendor invoices, while improving their payment cycles," says Jean-Michel Bérard, CEO of Esker.
