• Exchange experiences and views on issues of common interest
• Share practical ideas that members can implement in their own organisations
• Develop & promote best practice in the credit & risk management community
• Improve knowledge and skills and keep up to date with industry developments
• Connect credit leaders and practitioners with each other and with industry experts

You can view the full PMF agenda here. For more information about Forums International and its range of industry Credit Forums visit www.forumsinternational.co.uk

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Esker UK

Unlocking Positive-Sum Growth with AI-Driven Business Solutions for P2P & O2C Cycles

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With an increasing number of ATR customers wanting to receive their invoices electronically, Esker was able to offer 100 per cent automated invoice and reminder letter delivery — of which, 80 per cent are sent via email and 20 per cent via Esker’s portal.

Read full press release here.

Esker UK

Unlocking Positive-Sum Growth with AI-Driven Business Solutions for P2P & O2C Cycles

Read more insights from Esker UK

A record quarter
Esker Q2 2019 consolidated sales revenue amounted to 26.1 million euros, a 16% increase over Q2 2018 based on a constant exchange rate (18% based on current rates).

The difference between constant currency growth and reported growth is mainly due to the strong improvement of the U.S. dollar against the euro. The average euro/dollar ratio was 1.12 in the second quarter of 2019 compared with 1.18 in the same quarter of the previous year.

Esker has, once again, experienced its most successful quarter in company history. For the first half of 2019, sales revenue amounted to over 50 million euros, a 15% increase based at constant exchange rates (17% based on current rates).

Esker’s activity continues to be driven by cloud-based activities. Revenue from SaaS-based automation solutions increased by 21% over the quarter, representing 90% of the company’s business. This performance reflects the implementation of numerous contracts signed in previous quarters as well as the development of Esker’s existing customers.

Read full press release here.

Esker UK

Unlocking Positive-Sum Growth with AI-Driven Business Solutions for P2P & O2C Cycles

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“The SAP ecosystem is very important to our business and the customers who rely on SAP, and we recognise the significance of the new S/4HANA platform,” said Steve Smith, COO at Esker. “As a leader in process automation solutions, our goal in partnering with and investing in B/2BNOW is to contribute to the success of the SAP ecosystem and increase adoption of S/4HANA by SAP users.”

As a relatively new startup company, B/2BNOW just completed its initial round of seed funding, of which Esker was responsible for 40 per cent of the total amount raised. In light of this investment from Esker, Smith will be joining B/2BNOW’s board of directors.

B/2BNOW is one of the earliest adopters in the S/4HANA space. While traditional managed service providers are waiting to support the platform until it’s more established, the company is the first in the world to implement an EDI solution for S/4HANA public cloud. B/2BNOW’s solution gives businesses that are ready to switch to S/4HANA an advantage by providing offerings that can work with S/4HANA, both now and as the platform matures.

“We’re fully embracing the power of experiential data, taking difficult-to-process data streams—those traditionally only used by IT departments—and converting them into a format that can be used across the organisation,” said Mike Kersels, CEO and founder of B/2BNOW. “This partnership will allow us to leverage Esker’s industry-leading UI to present data in ways that are most effective to each department and empower businesses to base decisions on trend reporting and real-time dashboards.”

Read full press release here.

Esker UK

Unlocking Positive-Sum Growth with AI-Driven Business Solutions for P2P & O2C Cycles

Read more insights from Esker UK

The SDCE 100 recognises individual and corporate leaders in the global supply chain. This list highlights successful and innovative transformation projects that deliver bottom-line value to small, medium and large enterprises across the range of supply chain functions. The projects featured in this awards programme serve as an industry roadmap for supply chain executives looking for new opportunities to drive operational success.

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Esker UK

Unlocking Positive-Sum Growth with AI-Driven Business Solutions for P2P & O2C Cycles

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Esker’s solution offers a series of features designed specifically for the pharmaceutical sector, including:
• Conversion of quantities ordered to formats that the laboratory offers (e.g., units, tablets, bags, etc.)
• Specific workflow for orders sent to prisons
• Order splitting by type of material: lines from the original order are grouped into a new order by destination or product type (e.g., hazardous, refrigerated, regulated, etc.)
• Automatic material mapping between SAP® system’s master data and the national code, hospital code or EAN
• Classification by customer type (e.g., hospital, wholesaler, pharmacy, etc.)
• Hospital order management: daily orders containing only a few line items
• Wholesaler order management: weekly orders with a larger number of line items
• Pharmacy order management: orders received by sales reps or the central office and forwarded by email to Logista Pharma’s customer service

Read full press release here.

Esker UK

Unlocking Positive-Sum Growth with AI-Driven Business Solutions for P2P & O2C Cycles

Read more insights from Esker UK

“We’re in a mode of continuous improvement, so we’re always looking for a better, more efficient way to do what we do and focus on more value-added activities,” said Terence Hayes, Director of Credit and
Collections at CFS Brands. “Esker stood out as a reputable, distinguished company that is leading the way in the technologies that help companies achieve that efficiency.”

CFS Brands initially focused on the front end of its O2C cycle. In 2016 the company was looking to improve its labour-intensive process that involved manually keying more than 1,000 customer orders each day.

Within six months of implementing Esker’s Order Management automation solution, CFS Brands was able to automate more than 90 per cent of orders, freeing up bandwidth on the customer service team to help customers with expansions and provide product recommendations to complement prior purchases. The company saw such significant benefits that its Director of Customer Care, Johnny Peterson, participated in Esker’s user conference in 2018 to share his experience.

Read full press release here.

Esker UK

Unlocking Positive-Sum Growth with AI-Driven Business Solutions for P2P & O2C Cycles

Read more insights from Esker UK

Groupe Lapeyre was looking to completely rethink the organisation of its accounts payable (AP) process, which was not only long and complex but also directly impacted the overall management of the company. Groupe Lapeyre receives 300,000 invoices annually in five different locations (company headquarters, shared services centre, Lapeyre stores and factory, KparK depot) from 8,000 suppliers. Prior to Esker, its average invoice processing and validation time varied between 30 and 45 days. The risk of late payment was significant and resulted in strained supplier relationships due to delivery delays, production blockages, etc. Additionally, the inability to track credit note requests put the company at risk for significant financial losses.

“We consulted six companies to automate our P2P cycle,” said Louis Parizot, Assistant Purchasing Director at Groupe Lapeyre. “We were won over by Esker’s ability to integrate with our SAP® system and their easy-to-use supplier portal. Our teams can now work from a single tool to exchange purchase orders (POs) and invoices with our suppliers — it’s 100-per cent automated. Also key was Esker’s mobile application, which allows our 500 approvers to instantly approve payments, wherever they are.”

Read full press release here.

Esker UK

Unlocking Positive-Sum Growth with AI-Driven Business Solutions for P2P & O2C Cycles

Read more insights from Esker UK

Esker’s cloud-based order-to-cash (O2C) and procure-to-pay (P2P) solutions include:
– Order management automation
– Paper-free accounts payable (AP) invoice processing
– Automated accounts receivable (AR) invoice delivery and collections management
– Electronic purchasing
– Mail services and cloud faxing

Esker will demonstrate how AI-driven AP, AR, collections management and order management automation can enhance the customer/supplier experience when integrated with existing SAP solutions. Visitors to the Esker booth will be able to demo Esker’s solutions and learn more about how process automation, paired with AI and RPA, can lower costs, increase visibility, and optimise any digital transformation.

Read full press release here.

Esker UK

Unlocking Positive-Sum Growth with AI-Driven Business Solutions for P2P & O2C Cycles

Read more insights from Esker UK

A record quarter
Esker Q1 2019 consolidated sales revenue amounted to 24.1 million euros, a 18% increase over Q1 2018 (14% based on a constant exchange rate). The difference between constant currency growth and reported growth is mainly due to the strong improvement of the U.S. dollar against the euro. The average euro/dollar ratio was 1.14 in the first quarter of 2019 compared with 1.23 in the same quarter of the previous year.

Esker has, once again, experienced its most successful quarter in company history. Esker’s activity continues to be driven by cloud-based activities. Revenue from SaaS-based automation solutions increased by 17% over the quarter, representing 89% of the company’s business. This performance reflects the implementation of numerous contracts signed in previous quarters as well as the development of Esker’s existing customers.

SaaS-based traffic and subscription revenues increased by 20% while consulting grew by only 8%. This difference is due to the onboarding efforts for new implementation partners as well as the integration of new Esker consultants. This effort will accelerate the startup of newly signed customers and the continuation of strong growth momentum for the quarters and years ahead.

Read full press release here.

Esker UK

Unlocking Positive-Sum Growth with AI-Driven Business Solutions for P2P & O2C Cycles

Read more insights from Esker UK