Esker Blog
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B2G (business-to-government) e-invoicing has been mandatory since 2017, and soon, the same will be required of all B2B (business-to-business) transactions as well. On December 28, 2019, the French government passed Art. 153 of France’s Finance Law 2020, making e-invoicing mandatory for all...
The rising cost of capital is causing finance leaders to look at supply chain financing (SCF) to improve working capital. That’s because supply chain finance addresses the basic need of financing the working capital necessary to run any business. And when delivered successfully, SCF benefits every...
In recent history, businesses have started focusing more on increasing efficiency and reducing tender timelines while ensuring maximum cost-effectiveness. This is where eSourcing plays a critical role, encouraging more and more individuals to switch to this method and away from email. Be it a big...
A critical component of success for today’s businesses is the ability to integrate and synchronize all of the various applications powering your digital initiatives. That’s why Esker is excited to announce an addition to its already robust integration capabilities — enabling both its Customer...
The optimization of procurement practices should be a key concern for any organization or business leader who is looking to grow and strengthen their supply chain. Effective supply chain management can cut costs, improve quality control and simplify business operations. Strategic e-sourcing is...
As More Companies Weigh Cuts to ESG Budgets, 76% of U.S. Employees Say Sustainability at the Workplace is More Important Than Ever An Esker survey of salaried workers reveals that sustainability concerns play an increasing role in where people want to work, where they want to invest, and who they...
Procurement is crucial in the supply chain process. It’s more than finding the most cost-effective suppliers or seeking positive supplier reviews. In large supply chains, it often represents a significant portion of the total spend and should be managed effectively to achieve maximum value. In...
The tightening of supply chains is threatening businesses globally. Luckily, attaining “preferred buyer” status with suppliers through a supply chain finance program can help keep production – and profitability – moving forward. Over the last few years, supply chain disruptions have brought a...
The basic principles underpinning supply chain finance aren’t by any means new. In fact, it dates back nearly 50 years. To help their suppliers weather an economic downturn in the 1970s and ’80s, Italian automaker Fiat began using the practice to help maintain its supply chain during the recession...
It’s amazing how quickly this year is already passing by. I remember being in school and hearing adults tell me to enjoy that time because when it was time to get out in the real world, it would go by so fast. Fast forward to four and a half years ago when my wife and I were about to have our...
Country music legend George Jones once asked a very important question in a semi-famous song: “When you reckon we gon’ get paid for this?” The answer to this question is crucial in any business transaction, it can be the source of tension between suppliers and their customers, and can even make or...
At Esker we were really pleased to learn that we met the inclusion criteria for the 2022 Gartner® Magic Quadrant™ Report for Procure-to-Pay (P2P) Suites the third year running. Providing companies across the globe with a solution that helps them better manage spending and financials is the reason...
Supplier management is a complex, multi-step process that’s a fundamental aspect of an organization’s success. However, despite its importance, it remains a highly manual process for so many businesses — which can lead to a slew of inefficiencies that affect every stage of the procure-to-pay (P2P...
The world of accounts receivable (AR) is still evolving as some companies transition back to office life, while many continue to operate in a new hybrid environment. What skills and technology do AR teams need to deliver strategic value? What accounts receivable goals should you be reaching for?...
Millennials are now the largest generation in the workforce and businesses are being forced to adapt their antiquated processes to accommodate for this tech-savvy, educated group of individuals. As a result, businesses now more than ever are investing in automation technology to streamline manual...
Days Sales Outstanding (DSO) is a measure for how long it takes a company to collect on an invoice. And after years of supplier shortages, drastic demand fluctuations, increased operating costs and liquidity pinches, Finance leaders are prioritizing goals associated with reaching the lowest DSO...
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