In an attempt to help businesses unlock cashflow, Esker has announced the launch of a comprehensive set of integrated payment capabilities and strategic fintech partnerships in the newly-released Esker Pay platform.
Those businesses that choose to utilise Esker Pay will benefit from more efficient cashflow management by the elimination of manual, complex, and ineffective processes for both accounts receivable (AR) and accounts payable (AP).
Fully integrated with Esker’s ‘Procure-to-Pay’ and ‘Order-to-Cash’ solution suites, Esker Pay’s end-to-end payment automation reinforces supply chains by providing early payment discounts and supply chain financing options, while also addressing fraud prevention, late fees, and negatively impacted cashflow concerns.
“The axiom that ‘cash is king’ has only been reinforced over the last 18 months. When times are tough for many businesses, getting paid and paying suppliers on time can be a tall order,” said Catherine Dupuy-Holdich, Product Manager at Esker. “With Esker Pay, we offer the technologies and partnerships to facilitate and expedite payments.”
Esker enables companies to achieve true positive-sum growth at a time when business success depends on it by facilitating an ecosystem where companies, customers, and suppliers create value together — instead of at each other’s expense. For suppliers, prompt payment from customers results in secured cashflow. And for customers, paying suppliers and maintaining good relationships is key, as onboarding new ones can be costly and risky.
Through partnerships with leading fintech companies like Stripe, Pytheas Capital Advisors, Payroc, and SlimPay, Esker Pay is capable of offering a range of payment capabilities, including domestic and international payments, supplier payment automation, supply chain financing, dynamic discounting, integrated payment methods, factoring, early payment discounts, and payment information verification.
“And this is just the beginning,” concluded Jean-Michel Bérard, CEO at Esker. “We will continue to enrich Esker Pay through technology developments and future partnerships to further optimize customer and supplier B2B payments, reduce risk exposure, and improve back-office efficiency.”