Esker Launches World’s First Complete SaaS Accounts Payable Automation Solution

▤ Summary

Madison, WI, February 19, 2010 --( Available immediately worldwide, the service includes: Full automation functionality, including three-way matching of Materials Management (MM) invoices in a single interface1 Straight-through processing directly to SAP applications without any human intervention when invoice data matches related purchase orders Exception handling with live connection to SAP applications Sophisticated electronic validation and approval workflow to eliminate manual sign-off processes Access to invoice images directly from SAP interface or through web interface 100 percent web deployment As an alternative to the heavy expense of time and money associated with AP automation solutions based on the traditional licensed software model, Esker’s SaaS approach delivers rapid cost reduction, productivity, accuracy, visibility and control benefits to SAP customers with no software and minimal up-front investment.It offers seamless live and fully secured integration with SAP applications, leveraging — in a SaaS mode — native SAP integration and encryption technologies including Business Application Programming Interface (BAPI), RFC (Remote Function Call) as well as SAP’s recent SOA (Service Oriented Architecture) initiative.“We see this new service as a major milestone in the Esker history of providing innovative, sleek, fast-ROI solutions designed to improve profitability, speed and accuracy in doing business.” According to recent Aberdeen Group research, processing a single invoice costs the average organization $16.91 and takes 14.6 days.Designed to make paper-free vendor invoice processing feasible for organizations of all sizes, this new offering represents the first complete AP automation Software as a Service (SaaS) solution developed specifically for use with SAP applications.Available immediately worldwide, the service includes:Full automation functionality, including three-way matching of Materials Management (MM) invoices in a single interface1Straight-through processing directly to SAP applications without any human intervention when invoice data matches related purchase ordersException handling with live connection to SAP applicationsSophisticated electronic validation and approval workflow to eliminate manual sign-off processesAccess to invoice images directly from SAP interface or through web interface100 percent web deploymentAs an alternative to the heavy expense of time and money associated with AP automation solutions based on the traditional licensed software model, Esker’s SaaS approach delivers rapid cost reduction, productivity, accuracy, visibility and control benefits to SAP customers with no software and minimal up-front investment.“We see this new service as a major milestone in the Esker history of providing innovative, sleek, fast-ROI solutions designed to improve profitability, speed and accuracy in doing business.”According to recent Aberdeen Group research, processing a single invoice costs the average organization $16.91 and takes 14.6 days.

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Esker SA

$100M to $250M