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In the emerging digital era, businesses increasingly use electronic payment systems to perform efficiently and cut costs. The electronic systems are needed for predictable, transparent, and secure management of supply chains.

Esker (News - Alert), a provider of process automation solutions and pioneer in cloud computing, is delighted to announce the launch of its new on-demand E-Purchasing solution which automates the entire purchase-to-pay cycle — from purchase requisition to vendor invoice payment authorization.

The solution is the latest addition of Esker’s software suite of business document processes.

Jean-Michel Bérard, CEO at Esker, said in a statement, “This new solution is a result of our ongoing commitment to bring value to companies through document process automation. By interconnecting all processes in one shared platform, Esker provides companies with visibility, efficiency, and compliancy for both the purchase-to-pay and order-to-cash cycles. Now, with end-to-end automation of the purchasing cycle, we have created a strong link between purchase requisitions, purchase orders and vendor invoices.”

Many companies use accounts payable automation to streamline the business process of their accounts payable departments. AP automation includes E-invoicing, scanning and workflow, online tracking, reporting capabilities, electronic invoice, administrative and accounting functions. The purchasing department can generate added value and profitability for the entire organization. E-purchasing enables companies to streamline spend management, reduce carrying costs and increase profit.

Companies can use Esker’s E-purchasing solution to automate all stages of the buying process including purchasing automation (electronic purchase requisition), and vendor invoice automation (invoice and corresponding purchase order).

Esker’s new E-purchasing solution helps companies achieve numerous benefits, including enhanced cash flow management, budgetary control and real-time monitoring, capturing early payment discounts, increased time savings and productivity, reduced risk of fraud and compliance, improved supplier relationship and better accounting accuracy. This solution will be available in April 2014.

Esker cloud computing solutions allow companies to automate the reception, processing, and sending of any business document with one platform.