Esker, a worldwide leader in document process automation solutions and pioneer in cloud computing, recently announced that the company once again experienced its most successful quarter in company history. Fuelled by an increased demand for AI-driven solutions and the company’s commitment to delivering comprehensive, industry-leading solutions, the first quarter of 2018 marked Esker’s 40th consecutive quarter of positive growth, with the second quarter continuing that trend.
“This year has been productive and profitable for Esker, thus far. We continue to experience dynamic, double-digit growth quarter over quarter and year over year,” said Steve Smith, U.S. Chief Operations Officer at Esker. “Moving forward, this gives us the resources to pursue a strategy that combines organic growth and acquisitions.”
In light of this growth, Lyon, France-based Esker was recently awarded the Futur40 award by Forbes France for recognition as one of the fastest growing small and medium-sized enterprises in France.
During the first half of 2018, Esker gained several notable clients across a variety of industries. These customers experienced significant results following the implementation of Esker’s documents processing automation solutions:
- Heineken Spain increased its order processing speed fivefold
- Delicato Vineyards achieved a 60-per cent increase in order processing speed
- Trek Bicycles reduced past-due percentage by four per cent, as well as Days Sales Outstanding (DSO)
- Pelican Products automated its accounts payable invoicing and order management processes, reducing its order entry time by 80 per cent
New customer contracts have been a huge driver of success in the first half of 2018, with the cumulative value of new contracts up 54 per cent year over year. In addition, Esker’s continued focus on enhancing the customer experience has led to many existing customers expanding their contracts and implementing additional solutions throughout the year.