Esker, a provider of document process automation services, has released the Esker on Demand Accounts Payable Automation, new software as a service for management of vendor invoice processes.
Esker said that this service eliminates the need for companies to finance, install and maintain software and hardware. With Esker on Demand Accounts Payable Automation, a scanner and an internet connection are the only requirements to automate vendor invoice processing.
Esker on Demand Accounts Payable Automation features includes: data capture; data verification and payment approval workflow; archiving; integration; and audit and reporting.
Invoices are scanned and sent to the Esker on Demand service where all data is extracted, then the invoices are available for validation via a secure Internet web page. U
sers verify the data captured and add necessary coding information. The invoice is then routed to the buyer for approval according to predefined routing rules relating to the vendor, the amount or cost center concerned.
Jean-Michel Berard, CEO of Esker, said: This solution is the result of leveraging the Esker DeliveryWare process management automation platform combined with expertise in developing Esker on Demand and FlyDoc solutions, which are today used by over 3,000 companies worldwide. With this new SaaS offering we are helping companies eliminate paper from their business processes, reduce vendor invoice processing time and costs, and improve payment cycles.
