Cosucra Automates 15,000 Vendor Invoices with Esker’s Cloud-Based Accounts Payable Solution
March 30 2015 - 7:00AM
Business Wire
Esker, a worldwide leader in document process automation
solutions and pioneer in cloud computing, today announced it has
been selected by Cosucra, a Belgian producer of food ingredients,
to automate its vendor invoice process. Esker’s Accounts Payable
solution will integrate with Cosucra’s SAP® system and enable the
company to reduce invoice data entry time, automate the approval
process and progressively eliminate paper thanks to electronic
archiving.
Cosucra wanted to optimize the processing of its 15,000 annual
AP invoices. Above all, the company was looking for an easy-to-use
solution that could not only be implemented quickly, but had the
capability to interface with its new SAP system and evolve to
integrate additional workflows.
“We selected Esker for numerous reasons, including its SAP
expertise and its ability to offer an archiving solution in line
with the Belgian tax legislation,” said Fabien Caré, Supply Chain
and ITC Manager at Cosucra. “We were also very interested in
Esker’s accurate and intelligent data capture and recognition
technology and the ability to read different invoice formats
without the need for a specific template — all of which allows us
to significantly reduce our teams’ manual invoice tasks.”
From 100% Manual to 100% Automatic
Until now, all of Cosucra’s AP invoices were processed manually
into SAP. Data was verified one by one and then the original paper
invoice was sent for approval before being archived locally. Esker
will enable Cosucra to automate all manual processes — from invoice
data approval to electronic archiving.
“Prior to automation, receiving and entering AP invoices was
very time-consuming and resulted in large amounts of paper
circulating internally,” said Caré. “Managing all of it manually
was extremely tedious for our accounting teams.”
Benefits Achieved: 30% Time Savings
- Reduced processing time and input
errors thanks to automatic invoice data entry and
reconciliation with existing purchase orders (60% of cases)
- Accelerated invoice approval
time via automatic and electronic workflow
- Reduced manual handling and paper
consumption
- Simple and fast invoice access and
tracking through electronic archiving
- Improved visibility of company
cash at any time thanks to Esker’s management tools
“This project with Cosucra strengthens our presence in Belgium
and reinforces our position as an expert in documentation process
automation in an SAP environment,” said Adelin Odent, Territory
Manager at Esker Benelux.
About Cosucra
Cosucra has produced natural ingredients since 1852. The company
is not only a supplier of ingredients, but also collaborates with
its customers to provide them with market expertise, conducts
clinical studies and shares regulatory experience to help improve
their existing products or to develop new ones. Cosucra’s
partnership with over 400 food producers represents over 1,000
product references worldwide and demonstrates that Cosucra actively
works alongside its customers from concept development to product
launch ... cultivating nature to improve health. Cosucra’s product
lines include: Fibruline®, Fibrulose®, Pisane®, Swelite®, Exafine®
and Nastar®.
About Esker
Esker is a worldwide leader in document process automation
solutions. Addressing all types of business processes, from
accounts payable and accounts receivable to order processing and
purchasing, Esker cloud computing solutions enable companies to
automate the reception, processing and sending of any business
document with one platform. Esker helps over 80,000 companies
around the world to reduce the use of paper and eliminate manual
processes while improving their productivity, efficiency and
environmental impact.
With 46.1 million euros in sales revenue in 2014, Esker operates
in North America, Latin America, Europe and Asia Pacific with
global headquarters in Lyon, France, and U.S. headquarters in
Madison, Wisconsin. Esker is listed on the NYSE Alternext in Paris
(Code ISIN FR0000035818). For more information, visit
www.esker.com. Follow Esker on Twitter at twitter.com/eskerinc and
join the conversation on the Esker blog at blog.esker.com.
Esker, Inc.Corporate Contact:Gina Leranth, (608)
828-6141gina.leranth@esker.comorInvestor Relations Contact:Emmanuel
Olivier, 33 (0)4 72 83 46 46olivier@esker.fr
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