Global Financial Services Firm Automates Accounts Payable

Global financial services firm signed a $252,000 agreement with Esker to provide automated accounts payable in a SAP environment


Madison, Wis.—Nov. 1, 2013—Esker, a worldwide provider of document process automation solutions, and a SAP software solution and technology partner, announced that it reached an agreement with a global investment management firm. The company selected Esker’s Accounts Payable solution to integrate with its existing SAP system in order to fully automate vendor invoice workflow.

As a global provider of financial services with billions in assets, quality and efficiency are critical to the company’s daily accounts payable (AP) operations. A recent re-implementation of SAP to reduce costs and complexities in the process prompted the firm to look for an automated solution that could integrate with its SAP system to streamline each phase of AP—from invoice capture and review to coding and approval—without building and maintaining the workflow within SAP. In addition to citing Esker’s pricing as a key factor, the company also made its selection based on how closely the Esker solution’s core functionalities matched its own SAP system requirements.

“Companies running SAP already have a proven application in place for more efficient AP—our solution takes it a step further by integrating end-to-end capabilities within SAP to automate virtually every phase of workflow,” said Steve Smith, the U.S. COO at Esker. “Manual data entry, manual paper routing, and lack of control and visibility are still prevalent problems within AP departments of businesses large and small. Esker is proud to help these companies not only find a paper-free alternative to traditional vendor invoice processing, but also leverage a solution that can easily adapt to their unique needs.”

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