Leader in the IDC MarketScape: Worldwide SaaS and Cloud-Enabled Accounts Receivable Automation Applications for mid market 2020–2021 Vendor Assessment.
By: DigitalCFO Newsroom | 31 March 2021
Esker has been named a Leader in the IDC MarketScape: Worldwide SaaS and Cloud-Enabled Accounts Receivable Automation Applications for Midmarket 2020–2021 Vendor Assessment.
This is the first time that Esker’s Accounts Receivable solution has been recognised by IDC, validating Esker’s successful product and sales development strategy over the past few years, as well as their customer-focused mindset.
Esker began the AR journey with its Invoice Delivery solution, automating the delivery and archiving of customer invoices via any media (e.g., paper, e-invoices, EDI, etc.), while complying with local regulations. It quickly became clear that they needed to go further and help customers recover the cash tied up in those invoices. This is why Esker extended its AR capabilities with a Collections Management solution and the acquisition of TermSync, to provide a collaborative tool to streamline the entire collections process and help businesses get paid faster.
Esker recently launched two new solutions to enrich its AR suite and address additional AR-related issues. And with cash playing such a central role for businesses today, the timing couldn’t be better. The Credit Management solution helps customers better manage their credit risk and secure the credit approval process and sales revenue. However, it wouldn’t make any sense to have an excellent credit and collections process and leave cash unapplied. Hence, Esker’s Cash Application solution accelerates customer payment allocations. With cash allocated faster and more accurately, AR teams can now focus on more strategic tasks and control cash flow in real-time.