New Capabilities for Esker’s Source-to-Pay Suite Place Focus on Sustainable Business Growth

Sydney, Australia. — July 9, 2024 — 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.

Incorporating sustainable practices into the source-to-pay (S2P) process is crucial for environmental management, social responsibility and long-term sustainability across the supply chain. It involves engaging stakeholders, fostering collaboration, building capacity, implementing robust processes and maintaining clear communication.

An organisation’s sustainability performance is no longer measured solely in internal terms, based on its own activities. Instead, it must also take ownership of its value chain sustainability. Beyond mitigating risks or adhering to regulatory demands, it’s about recognising 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 and social impact. Internal CO2 emissions can also be optimised by analysing supplier invoices, resulting in significant cost savings. Esker’s global platform enhances organisational 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.
Greenhouse gas (GHG) emissions dashboards: Esker Supplier Management dashboards provide easy access to ESG indicators, allowing real-time monitoring and updates, with alerts for any supplier issues.
Green purchasing: Esker Procurement catalogs feature the CO2 impact of products to facilitate the procurement for eco-friendly and energy-efficient products and services.
Carbon footprint tracking: 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.
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 and customer service professionals, and strengthen collaboration between companies by automating the cash conversion cycle. Esker’s solutions incorporate technologies like Artificial Intelligence (AI) to drive increased productivity, enhanced visibility, reduced fraud risk, and improved collaboration with customers, suppliers and internally. Founded in 1985, Esker operates in North America, Latin America, Europe, Australia and New Zealand and Asia Pacific with global headquarters in Lyon, France, and U.S. headquarters in Madison, Wisconsin. For more information on Esker and its solutions, visit http://www.esker.com.au. Follow Esker on Twitter twitter.com/EskerANZ and join the conversation on the Esker blog at http://blog.esker.com.au/