Esker Australia explores the current challenges faced by supply chain leaders and the increasingly important role that automation solutions are playing as the push for cash flow optimisation continues.
Is cash still king? Under “normal” circumstances, optimising back-office business activities such as paying bills, processing orders and collecting cash doesn’t always top an organisation’s priority list.
For many cash-compromised CFOs and COOs, their attention has rightfully turned toward minimising the supply chain disruptions that negatively affect working capital.
Traditionally, most supply chain leaders tend to focus a majority of their attention on turning inventory. However, today’s supply chain leaders are being asked to also focus their attention on minimising the money that’s tied up in inventory as well as the money held up in various parts of the business.
One weak link within processes such as Accounts Payable (AP), Order Management or Accounts Receivables (AR) could mean the difference between boom or bust. Esker Australia says that accounts payable, order management and accounts receivable are important priority areas. “That’s why it’s important to pursue a coordinated approach that addresses all three areas and aims to alleviate the supply chain challenges associated with each in a manual, non-automated environment,” says Christophe DuMonet, Managing Director – Esker Australia.
If cashflow is the lifeblood of a business, it only makes sense that achieving optimal performance requires a high-functioning “circulatory system.” This is precisely what automation delivers, a 100 per cent cloud-based solution that spans the Cash Conversion Cycle and transforms the way customers and suppliers interact within your organisation. Connecting every part of the Procure 2 Pay (P2P) and Order 2 Cash (O2C) process creates a collaborative environment that delivers end-to-end efficiency.
No matter the complexity of the organisation, automation solutions give supply chain leaders an added level of intelligence over the people, processes and technology that constitute their day-to-day operations. Esker highlights coordination, performance, customisation, automation and management as the result of clean, centralised and customisable interface.
Companies of all sizes and industries use Esker solutions to optimise the various people, processes and technologies that drive digital transformation and business performance.
“Cashflow can always be top of mind thanks to instant access. It is our knowledge in automation that breaks down the traditional P2P and O2C silos affecting supply chain efficiency through greater speed, accuracy, and information sharing and collaboration,” says Christophe. “When it comes to supply chains, processes like AP, AR and Order Management, they all have to work in concert to reach the only end goal that matters — getting customers the product they want, when they want it, as quickly, efficiently and cost-effectively as possible.”
Built with industry-leading AI and RPA technology, Esker’s intuitive cloud platform allows businesses to power their digital transformation across procure-to-pay (P2P) and order-to-cash (O2C) processes and unite customers and suppliers like never before.