, a provider of document process automation solutions, has announced the release of its new software as a service (SaaS (News
)) solution for management of vendor invoice processes.
The company is touting the new offering as being an alternative to the traditional software approach. Company officials said that this latest release eliminates the need for companies to finance, install and maintain software and hardware.
With Esker (News
) on Demand Accounts Payable Automation, a scanner and an Internet connection are the only requirements to completely automate vendor invoice processing.
The new SaaS solution has been developed to make automation benefits accessible and also to lighten the load for those in finance, accounting and purchasing departments who handle invoices.
Officials said that this new service takes an “innovative approach” to automation of vendor invoice processing from capture to payment, and is based on a pay-per-document model.
Moreover, it places a complete business application in the hands of the user without the drawbacks of traditional software, offering fast implementation, said officials.
Esker on Demand Accounts Payable Automation features data capture, data verification and payment approval workflow, archiving, audit and reporting, integration.
Invoices are scanned and sent to the Esker on Demand where all data is extracted and then invoices are available for validation through a secure Internet Web page.
In addition, accounts Payable specialists or other users verify the data captured, and if required, can add necessary coding information. The invoice is then routed to the buyer for approval as per predefined routing rules relating to the vendor.
“This solution is the result of leveraging the Esker DeliveryWare process management automation platform combined with expertise in developing Esker on Demand and FlyDoc (News
) solutions,” said Jean-Michel Berard, CEO at Esker.
Esker said that with this new SaaS offering, they are helping companies eliminate paper from their business processes, reduce vendor invoice processing time and costs, and improve payment cycles.
Anshu Shrivastava is a contributing editor for TMCnet. To read more of Anshu’s articles, please visit her columnist page.
Edited by Stefania Viscusi