Esker’s 2019 Annual Results
Summary
The continued success of Esker’s solutions with its customers and the company’s confidence in the development of its markets allow the Esker to actively prepare for growth in the coming years. The drop in the discount rate applicable to the company’s liability for retirement benefits led to a significant mechanical increase in this provision in Esker’s books (0.25 million euros). Esker’s business model, based on multi-year contracts and subscriptions independent of activity volumes, will limit the negative effects of the situation caused by the virus. Esker is a worldwide leader in AI-driven process automation software, helping financial and customer service departments digitally transform their procure-to-pay (P2P) and order-to-cash (O2C) cycles. Used by more than 6,000 companies worldwide, Esker’s solutions incorporate artificial intelligence (AI) technology to drive increased productivity, enhanced visibility, reduced fraud risk, and improved collaboration with customers, suppliers and internally.