New Capabilities for Esker’s Source-to-Pay Suite Place Focus on Sustainable Business Growth
July 09 2024 - 12:00PM
Business Wire
Esker, a global cloud platform and leader in AI-driven process
automation solutions for Finance, Procurement and Customer Service
functions, today announced new capabilities for its Source-to-Pay
suite, incorporating sustainability features that are essential for
business growth while complying with the increased environmental,
social and governance (ESG) regulations worldwide.
Weaving environmental management, social responsibility and
long-term sustainability into source-to-pay (S2P) processes helps
the Office of the CFO manage continually evolving regulatory
frameworks and mitigate risk, while enhancing visibility, reporting
and collaboration. Additionally, it’s about recognizing the immense
potential of sustainable practices in driving innovation,
efficiency and, ultimately, profitability.
“Embracing sustainability isn’t just a choice, it’s a strategic
imperative,” said Catherine Dupuy-Holdich, S2P Product Manager at
Esker. “Companies must weave ESG concerns into every thread of
their S2P fabric, since it’s not just about transactions but about
transforming the entire supply chain into a force for
sustainability.”
New capabilities in Esker’s Source-to-Pay suite track ESG
metrics that align with regulatory frameworks, monitor performance
of these indicators and identify areas for improvement. By
facilitating the creation of transparent reports and displaying
easy-to-read dashboards, these tools can provide a clear and
accurate picture of a company’s environmental impact. Internal CO2
emissions can also be optimized by analyzing supplier invoices,
resulting in significant cost savings. Esker’s global platform
enhances organizational efficiency by streamlining data collection
and consolidation, saving time and boosting team productivity,
thanks to:
- Ethical sourcing: Esker Sourcing by Market Dojo helps
companies identify suppliers aligned with their sustainability
objectives through calls for tenders, requests for information or
pre-qualification questionnaires that incorporate weighted bid
scoring that considers sustainability criteria alongside pricing
factors.
- Supplier evaluation and selection: Esker Supplier
Management allows companies to create supplier ESG questionnaires,
monitor third-party indicators for ESG scores and report on
diversity criteria from the moment suppliers are registered and
throughout the business partnership, thereby improving supply chain
sustainability.
- Green purchasing: Esker Procurement catalogs feature the
CO2 impact of products to facilitate the procurement for
eco-friendly and energy-efficient products and services.
- Greenhouse gas (GHG) emissions dashboards: Esker
Accounts Payable extracts carbon emission metrics (Scope 2) from
utility bills and calculates Scope 1 and 3 emissions from various
data sources, enabling companies to gain insights into the
environmental impact of their supply chain and identify areas where
emissions can be reduced through a dedicated dashboard.
- Late payment prediction and early payment plan: Esker
Accounts Payable enables companies to anticipate and identify
invoices at risk of late payment, to safeguard financial stability
and support ethical business practices. Esker also offers dynamic
discounting, thereby contributing to healthy relationships with
suppliers and a more sustainable business model.
Learn more about Esker’s S2P approach for business
sustainability here.
About Esker
Esker is a global cloud platform built to unlock strategic value
for Finance, Procurement and Customer Service professionals, and
strengthen collaboration between companies by automating the cash
conversion cycle. Esker’s solutions incorporate AI technologies to
drive increased productivity, enhanced visibility, reduced fraud
risk, and improved collaboration with customers, suppliers and
employees. Founded in 1985, Esker operates in North America, Latin
America, Europe and Asia Pacific with global headquarters in Lyon,
France, and U.S. headquarters in Middleton, Wisconsin. For more
information on Esker and its solutions, visit www.esker.com. Follow
Esker on LinkedIn and join the conversation on the Esker blog at
esker.com/blog.
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Press Contact: Lindsey Harrison Tel: (630) 730-1808 |
eskerpr@walkersands.com Investor Relations Contact: Emmanuel
Olivier Tel: +33 (0)4 72 83 46 46 | emmanuel.olivier@esker.com