Invoices are now tracked and accounted for as soon as they are received, as opposed to several weeks.
MIDDLETON, Wis. (PRWEB) February 06, 2018
Esker, a worldwide leader in document process automation solutions and pioneer in cloud computing, today announced it is working with ADEO Services, a holding company for ADEO, a leader in the do-it-yourself (DIY) market, to automate an annual volume of 25,000 supplier invoices in France. Seamlessly integrated with the company’s Oracle® ERP system, Esker’s cloud-based Accounts Payable solution has enabled ADEO Services to streamline its non-purchase order (non-PO) invoicing process.
As the company grew, it became increasingly complex for ADEO to continue to manually process its non-PO invoices. ADEO Services, responsible for internal services at the company, decided an automation solution was necessary to facilitate the company’s accounts payable (AP) process.
“Over the years our AP process had become increasingly chaotic,” said Hervé Bigot, head of financial projects at ADEO Services. “We had no visibility into our invoices once they arrived and payment deadlines were rarely upheld. Esker has allowed us to structure our service by putting in place good accounting practices that can be shared with the other entities within the network.”
Prior to Esker, it often took several weeks and many different employees to manage the non-PO invoice process; this included, data entry, verification, booking and payment authorization. The process resulted in lost invoices and late payments.
Benefits of AP Automation
Esker’s solution was selected for its ease of use, quick implementation and ability to integrate new stores with ADEO’s network. Implemented in just a few months, Esker quickly offered ADEO Services and its 2,000 suppliers numerous benefits, including:
- Faster invoice processing by eliminating manual handing
- Increased traceability throughout the entire AP process
- Enhanced visibility thanks to customizable dashboards and real-time metrics (e.g., number of invoices processed, invoices awaiting validation, average processing time per supplier, etc.)
- Improved cash flow forecasting as invoices are posted and tracked as soon as they are received
- Improved supplier relationships thanks to timely payment of invoices and rapid dispute resolution
“Thanks to Esker, paper has been largely eliminated,” added Bigot. “Additionally, invoices are now tracked and accounted for as soon as they are received, as opposed to several weeks, or even months later, as was the case before Esker.”
By the end of the year, ADEO Services is hoping to permanently eliminate paper from its process and eventually integrate invoices from other companies within its group, bringing the total number of yearly invoices automated to 40,000.
ADEO is the leading French player in the international DIY market and the third largest worldwide. ADEO’s network of stores and franchisees in the DIY, home improvement, decoration, tools and appliances sectors include: Leroy Merlin, Bricoman, Weldom, decoclico, delaMaison, Alice Délice, etc. Present in 12 countries, ADEO employs 100,000 people across its network of 14 chains, 34 autonomous companies, 485 franchise stores and 707 integrated stores. The company achieved 19.1 billion euros in sales revenue in 2016 and a growth rate of 8.5 percent.
Esker is a worldwide leader in cloud-based document process automation software. Esker solutions, including the acquisition of the TermSync accounts receivable solution in 2015, help organizations of all sizes to improve efficiencies, accuracy, visibility and costs associated with business processes. Esker provides on-demand and on-premises software to automate accounts payable, order processing, accounts receivable, purchasing and more.
Founded in 1985, Esker operates in North America, Latin America, Europe and Asia Pacific with global headquarters in Lyon, France and U.S. headquarters in Madison, Wisconsin. In 2017, Esker generated 76.1 million euros in total sales revenue. For more information on Esker and its solutions, visit http://www.esker.com. Follow Esker on Twitter @EskerInc and join the conversation on the Esker blog at blog.esker.com.