If you like travelling, you’ve very likely had to do the groundwork of figuring out where you want to go and what to do once you’re there. So, you’ve chosen a city you want to visit, but now you need to decide on where to stay, what to eat and see? If the travel section in shops is any indication, chances are you’ll buy a book that has all the information you need to make an informed decision about all of those choices.

Choosing the perfect match for your accounts payable (AP) digital transformation is not much different: you’ll want to get information compiled by people that know the landscape and have tried out and evaluated many of the choices.

There are many options on the market, with little explanation of what to look for in a solution, how to prepare for the transition, or what the right questions are to ask the solution providers. No wonder many businesses do not even know where to start. Luckily, there’s Forrester, a leading IT research firm that has evaluated a number of accounts payable invoice automation (APIA) solution providers.

Forrester’s recent report is recommended reading for finance and tech executives, as it provides an overview of a variety of AP automation providers on the market. The goal is to help you understand the value you should expect from automating the AP process, and will help you select the best fit based on size, geographical coverage and functionalities.

When considering potential vendors, Forrester invites you to “weigh the appropriate combination of AP invoice automation functionality, linkage to related applications that you need, and whether the vendor targets the size of your company, your geography, and your industry¹.”

Esker is honoured to be mentioned in the Forrester Now Tech: AP Invoice Automation, Q4 2021 report. Esker believes this recognition reflects our efforts to provide an efficient and valuable solution that enables companies to grow while engaging employees and building greater collaboration and trust with suppliers.

Our solution allows businesses to alleviate the pains of manual AP invoice processing, powered by AI-driven data capture, automated processes and streamlined workflows — helping companies save time and money while building business resilience.

Consult the Forrester website for more details about the report and contact Esker so we can learn more about your needs and show you why Esker is the perfect match for your AP digital transformation.

Safe travels!

1. Now Tech: AP Invoice Automation, Q4 2021, Forrester Research, Inc., October 4th, 2021.

Catherine Dupuy-Holdich

Catherine has been with Esker for 20 years. As Source-to-Pay Product Manager, she is the market and business expert of all things S2P. She is responsible for overseeing the development of Esker’s S2P suite, including product strategy and vision. Catherine works closely with R&D, sales, marketing and support to ensure customer satisfaction.

Read more insights from Catherine Dupuy-Holdich

As has been the case regarding management of the pandemic in general, intra-company procedures and responsibilities will shift as businesses everywhere face pressures from the economic fallout. In order to address potential revenue losses and degeneration of supplier/customer relationships, companies should not shy away from making investments in technology that will help them increase the visibility of both customer and supplier processes.

Companies like Potter Electric Signal, a home security products manufacturer, have realised that by taking a holistic view of their accounting procedures, multiple issues in the company’s finance department could be addressed. “Our company is in a rapid period of growth and we didn’t want to pigeonhole ourselves with a solution that could only do one thing,” says Elizabeth Cassady, VP at Potter Electric Signal. “We ultimately chose Esker over the other solutions we were considering because Esker has a full suite of capabilities that we felt could expand and grow with us.”

Ensuring the company’s cash flow as well as having a complete overview of what is going on underlies every Finance Manager’s job, but today’s highly uncertain environment has added the crucial task of accurately predicting and quickly reacting to changing circumstances.

Read Gartner’s new report “CIO Strategies to Improve Cash Flow in a Downturn”for insights on strategies to support financial decision-makers and help with boosting present and future cash flow.

Esker’s Accounts Payable and Accounts Receivable solutions help businesses automate their entire accounting processes, providing visibility to financial decision-makers on cash inflows and outflows as well as enabling teams to adapt to rapidly changing circumstances.

Visit our website for more information.

Catherine Dupuy-Holdich

Catherine has been with Esker for 20 years. As Source-to-Pay Product Manager, she is the market and business expert of all things S2P. She is responsible for overseeing the development of Esker’s S2P suite, including product strategy and vision. Catherine works closely with R&D, sales, marketing and support to ensure customer satisfaction.

Read more insights from Catherine Dupuy-Holdich