Esker's Source-to-Pay suite helps Procurement and Finance leaders meet their goals by streamlining procurement processes, enforcing policy compliance and improving supplier relationships with increased visibility over the whole buying process. By aligning finance and procurement, CFOs and CPOs can enhance collaboration throughout their processes and facilitate better financial outcomes.
Identify the most suitable suppliers for your strategic purchases via RFPs or e-auctions to ensure the best price for goods and services.
Centralise supplier information and easily monitor risks, while simplifying supplier onboarding and record maintenance.
Automate management of existing and new contracts via a central repository while driving savings with improved visibility and compliance.
Transform buying into a consumer-friendly, Amazon-like experience and enforce procurement policy compliance across your business.
Manage e-invoicing regulatory compliance, and reduce invoicing costs and processing delays to efficiently manage your cashflow.
Free up your Finance team by automating hours of low-value tasks while helping employees get reimbursed quickly.
Payment & Supply Chain Financing
Automate payment approval workflow while securing discounts and supporting suppliers that need cash.
Benefits that support your team & strengthen your business
Improve process efficiency
Automate manual tasks, eliminate errors and speed up procurement activities by reducing the time and effort required to manage procurement and payable processes.
Enhance supplier management
Centralise supplier contracts and data, and faciliate onboarding. Improve supplier performance, negotiate better pricing and terms, and manage compliance with ESG standards to improve supply chain sustainability.
Achieve cost savings through better supplier management, improved spend insights to negotiate better prices and optimised sourcing processes or payment terms.
Better spend insights
Get real-time visibility into procurement spend to make informed decisions regarding procurement activities, including spend by category, supplier performance and contract compliance.
Food & beverage
Delivering visibility, compliance & efficiency to F&B companies
Food and beverage (F&B) companies operate in a highly competitive and demanding environment. Social media and climage change awareness have led people to make more health-conscious and planet-friendly decisions. In addition, the pandemic and geopolitical tensions have caused disruptions of global supply chains. S2P automation enables F&B companies to effectively manage compliance matters, gain full process visibility, reduce staff workload and boost supply chain efficiency.
Retail & consumer goods
Digital S2P solutions that empower retail & consumer goods companies
Automating the end-to-end S2P process assists with curbing the rise in transport and labor costs as well as the surging cost of reaching consumers. By providing increased visibility over business expenses, S2P automation can considerably improve efficiency, reduce costs and enhance relationships with suppliers.
S2P automation keeps industrial equipment production running smoothly
The rapid adoption of digital technologies and the implementation of measures to combat climate change are quickly transforming the industrial equipment industry. Companies are demanding full visibility over the entire production cycle — from order to payment — to be able to react in a timely and appropriate manner. S2P automation enables companies to respond to customer needs while at the same time building strong and long-lasting relationships with suppliers.
See what the experts say
Esker’s Source-to-Pay suite has been recognised by multiple leading analyst firms over the years. Most recently, these include:
Esker included in the 2022 Gartner® Magic Quadrant™ for Procure-to-Pay Suites for the third year in a row
Esker recognised as a Market Leader in Ardent Partners' 2023 ePayables Technology Advisor for third consecutive time
Esker listed in the Forrester Now Tech: Supplier Value Management Suites, Q2 2022 report
Why automate S2P with Esker?
Esker’s Source-to-Pay suite offers a complete, all-in-one solution to overcome the most significant challenges facing today’s Procurement and Finance leaders. Esker delivers a number of competitive advantages, including:
Designed to ensure compatibility throughout the S2P cycle, Esker's suite streamlines processes, increases efficiency and provides one centralised data source across all solutions.
Thanks to the solution’s ability to scale across different solutions, processes and geographies over time, users don't have to make all the decisions for future scenarios at the moment of purchase.
Esker delivers a consistent UX across all solutions, reducing the need for training and increasing adoption rates, while solidifying user retention, reducing errors and improving usability.
A centralised suite is more cost-effective, as it eliminates the need for multiple vendors and associated integration costs and increases productivity (i.e., no switching back and forth between programs).
See what our customers say on Gartner Peer Insights
Frequently Asked Questions About Source-to-Pay Software
We’ve compiled answers to some of the most commonly asked questions about Esker’s Source-to-Pay Software and our suite of process automation solutions. If you have a question that remains unanswered, don't worry. Simply click the "Get in Touch" button below, and we'll be glad to help.
What is Source-to-Pay software?
Source-to-Pay software is an integrated platform that streamlines and automates the entire procurement cycle, from sourcing vendors to making payments. It provides end-to-end visibility into procurement operations, supporting strategic decision-making, improving efficiency, and reducing costs. The software can handle various procurement processes, offering solutions tailored to the unique needs of different industries and geographies.
What are the key benefits of implementing Source-to-Pay software?
Esker’s Source-to-Pay software drives significant advantages. It provides comprehensive transparency across procurement activities, enhancing vendor management and reducing risk. Source-to-Pay automation eliminates manual tasks, optimizing operations and delivering substantial cost savings. The software also offers critical data-driven insights, supporting informed business decisions.
How does Source-to-Pay software facilitate compliance with ESG standards?
Source-to-Pay software aids in maintaining compliance with Environmental, Social, and Governance (ESG) standards by providing visibility into the supply chain. It allows businesses to track vendor performance against ESG criteria, ensuring suppliers align with the company's sustainability goals. The software also documents all transactions, supporting audit trails and proving compliance.
Does the Source-to-Pay suite offer integration with existing ERP systems?
Yes. Esker’s comprehensive Source-to-Pay suite can seamlessly integrate with existing Enterprise Resource Planning (ERP) systems. Source-to-Pay automation enables an integration for streamlined data exchange, minimizing errors and duplications. The platform allows for a unified view of data in our procurement management system, ensuring smooth and efficient operations across the business.
Can Source-to-Pay software handle different procurement processes and geographies?
Absolutely! Esker’s Source-to-Pay platform is designed to manage diverse procurement processes across different geographies. It can adapt to local procurement regulations and currencies, making it a powerful tool for global businesses. Its flexibility also allows it to accommodate the unique requirements of various industries and procurement models.
How does the Source-to-Pay suite support scalability for future scenarios?
Esker’s Source-to-Pay suite is architected with scalability at its core. As businesses grow and procurement needs evolve, the software can easily expand to accommodate more users, suppliers, and transactions. Its cloud-based nature ensures smooth scaling, making it a future-ready solution for growing enterprises.
What insights and analytics does Source-to-Pay software provide for better decision-making?
Esker’s Source-to-Pay platform offers comprehensive analytics and insights for improved decision-making. It tracks key performance indicators (KPIs), such as spend analysis, supplier performance, and contract compliance. These real-time insights, derived from data across the procurement cycle, equip businesses with actionable intelligence to streamline operations, mitigate risks, and uncover cost-saving opportunities.
- Coming Soon