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Esker Awarded for Excellence in Purchase-to-Pay Transformation by CFO Innovation
January 28, 2019 News


Esker, a worldwide leader in document process automation solutions and pioneer in cloud computing, today announced it has been awarded an Editors’ Choice Award for Excellence in Purchase-to-Pay Transformation by CFO Innovation. Esker was nominated by its customer Luxasia, who, thanks to Esker’s Purchase-to-Pay (P2P) solution, has successfully increased P2P efficiency at its shared services center in Malaysia.

The CFO Innovation Awards, inaugurated in 2012, recognizes Asia’s leaders in all aspects of financial management. Nominated and voted on by the readers of CFO Innovation, the awards provide an opportunity to celebrate excellence with hundreds of leading CFOs and their partner suppliers. Its Editors’ Choice Awards distinguish well-executed projects carried out by a finance department in collaboration with service providers.

Esker’s cloud-based, AI-powered platform spans the entire P2P process, equipping finance departments with the speed, strategy, and support they need to improve purchasing and vendor decisions.

“We are very proud to be recognized as a leading P2P solution provider and to have been nominated by our customer Luxasia,” said Jean-Michel Bérard, Chief Operating Officer at Esker. “The CFO Innovation Awards are increasingly competitive, so being awarded an Editors’ Choice Award validates our success as a pioneer in digital transformation. With our P2P automation solution we strive to bring organizations around the world greater efficiency, accuracy, visibility and cost savings.”

Following Esker’s P2P solution implementation, Luxasia has achieved numerous benefits, including:

  • 100-percent visibility with customizable dashboards and real-time metrics
  • 80-percent reduction in paper use
  • Cost savings and increased productivity
  • Improved customer and vendor communication
  • On-the-go invoice and purchase requisition review and approval capabilities