Thanks was named a ‘Challenger’ in Gartner Magic Quadrant 2022 for its comprehensive invoice-to-cash solutions, with a focus on electronic invoicing and customer assistance to automate the purchase and provisioning cycle processes.
According to Maud Berger, Product Manager at Esker, “this is the first Gartner assessment to provide an overview of the relative positions of vendors in the market for integrated bill-to-cash applications,” which “confirms the growing market interest in these solutions and the importance of optimizing cash flow to maintain the sustainability and competitiveness of a company.”
“This new distinction, in our opinion, shows our focus on continual innovation around our Artificial Intelligence (AI) platform, in order to assist firms speed collections, secure money, and develop stronger and enduring relationships with their consumers,” says the company’s director.
Esker’s Accounts Receivable suite of products, powered by Artificial Intelligence technology, enables finance departments reimagine accounts receivable administration to reduce DSO (Days of Sales Pending Collection for its English acronym) and speed the recognition of income received.
Esker automates and connects every step of the process, from credit management, e-invoicing, and a simplified cash payment application to claims and charge management, to improve overall efficiency, provide visibility to monitor cash flow, and improve the customer experience, according to a statement from the company.
Esker’s CEO, Jean-Michel Bérard, has remarked that the company is “happy” to have been named in two Gartner Magic Quadrant reports: one for Procure-to-Pay solutions in 2021 and another for Integrated Payment Solutions in 2022. a bill for money “Our worldwide platform assists customers with their digital transformation activities, accelerating their cash conversion cycle Y providing them with technology to generate positive-sum growth,” he added.
The company’s CEO emphasized that its solutions are used “to help firms create value for all stakeholders,” including “workers, customers, suppliers, and the planet,” and that Gartner’s recognition “speaks to the clear beneficial effects these solutions have on customers.”
“Esker equips businesses to be change agents by allowing the entire business ecosystem to thrive,” he concludes.