Automating the purchasing cycle is as simple as switching the light on. Suddenly, you would have real-time budget and process control plus an efficient cash flow management at your fingertips. The risk of fraud would diminish and suppliers would be easier to manage efficiently.

The switch away from paper forms to online purchase requisitions would mean an end to trundling paper round for approval which would be automated with the right level of authorisation applied to every request. Imagine the level of efficiency when purchasing becomes aligned to company policies as requesters have access to preferred suppliers.

  Complete Spend Visibility

The link between purchasing and accounts payable couldn’t be smoother as orders are pre-approved, all invoices become PO-based and can be easily matched with the corresponding PO and goods receipts. Accounts payable colleagues wouldn’t need to chase payment approvals in order to pay invoices on-time which would help them to access early payment discounts more easily.

Once automated, spending and payment becomes completely transparent from request to receipt of the goods or service. The tracking capability enables full reporting on requisitions, items purchased, orders processed and payments made. The dashboards give every user the level of information they need for their daily tasks. This means performances can be monitored, problems or opportunities spotted as soon as they arise and make every action smarter and more strategic.

Automation opens the door to better communication internally and improves the buyer-supplier relationship. The supplier self-service portal improves business efficiency and reduces the cost of supplying goods and services. Furthermore, the portal provides transparency, speed and productivity that manual processes fail to achieve. Who couldn’t argue that the move from manual processes to automation is like stepping from night to daylight?

Raj Sahota

As Internal Sales Manager at Esker, Raj looks after customers and prospective customers. She has been part of the Esker family since 2011.

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Esker’s cloud-based, AI-powered platform automates the entire P2P process, eliminating manual tasks from purchasing and accounts payable, such as: supplier information management, contract management, procurement, accounts payable (AP) automation, expense management, payment and supply chain financing.

“We are continuously enhancing the scope of our P2P solution, particularly electronic purchasing, to help our customers get their spend management under control,” said Catherine Dupuy, Senior Product Manager at Esker. “By combining e-commerce with our P2P solution, users can place orders directly on Amazon, Dell, Staples, etc. without ever leaving Esker’s solution. Users benefit from a seamless uninterrupted workflow process — they can search, select and have their purchase approved in one go.”

Read full press release here.

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