Le Lézard
Classified in: Science and technology
Subjects: Sales, Award

Esker Achieves Most Successful Year in Company History in 2019

Esker, a worldwide leader in AI-driven process automation solutions and pioneer in cloud computing, recently announced that it has achieved its most successful year in company history. Driven by its commitment to delivering comprehensive, industry-leading solutions, Esker's 2019 sales revenue grew 20% over the previous year.

"Last year confirmed the growing success of Esker's solutions and the recurring nature of our business model," said Steve Smith, U.S. chief operations officer at Esker. "Esker's cloud-based solutions remain the foundation of the company's development, and we expect to again achieve double-digit organic growth in 2020."

In light of this growth, Esker was named a winner in the 2018-19 Cloud Awards Program in the B2B Customer Strategy category for its excellence and innovation in cloud computing.

2019 Highlights

In 2019, Esker gained several notable clients across a variety of industries that were ready to further their digital transformation goals. Highlighted below are several customers that experienced significant results following the implementation of Esker's AI-driven automation solutions, including:

A sharp rise in the value of new contracts signed fueled Esker's growth in 2019, with the cumulative value of new contracts signed in 2019 up 41% compared to 2018. In addition, Esker's continued focus on enhancing the customer experience led to many existing customers expanding their contracts and implementing additional solutions last year.

"As the volume of invoices we received continued to rise, we quickly realized we needed a solution that would help us streamline our AP processes," said Tim Verkamp, Director of Operations Technology at OFS Brands Holdings. "Because Esker's solution frees up staff to focus on more strategic tasks, we're now in a great position to handle current and future growth."

Esker also experienced growth in 2019 via partnerships with several leaders in the industry, including:

Solutions advancements

In 2019, Esker introduced new deep-learning, auto-recognition technology called Esker Synergy to support its Order Management solution. This expert neural network uses Artificial Intelligence (AI) and neural networks to extract data from documents, improving first-time recognition of orders.

In addition, Esker achieved SAP-certified integration with the SAP S/4HANA® Cloud. This certification provides businesses with the assurance that Esker's intelligent automation solutions are enabled to work with their SAP S/4HANA Cloud software and be compatible with future upgrades.

About Esker

Esker is a worldwide leader in AI-driven process automation software, helping financial and customer service departments digitally transform their procure-to-pay (P2P) and order-to-cash (O2C) cycles. Used by more than 6,000 companies worldwide, Esker's solutions incorporate artificial intelligence (AI) technology to drive increased productivity, enhanced visibility, reduced fraud risk, and improved collaboration with customers, suppliers and internally. 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. For more information on Esker and its solutions, visit www.esker.com. Follow Esker on Twitter @EskerInc and join the conversation on the Esker blog at blog.esker.com.

These press releases may also interest you

at 13:20
Procurant, a Silicon Valley technology company transforming the global food supply chain, today announced a partnership with Cropland Audits Inc., an Idaho-based food safety consulting firm focused on the agriculture industry. "Cropland is a great...

at 13:15
The "IoT Semiconductors and Real-time Operating Systems: AI Chipsets in IoT and RTOS by Hardware, Components, Processor Type, OS and Industry Vertical 2020 - 2025" report has been added to ResearchAndMarkets.com's offering. This research assesses...

at 13:10
nference today announced the launch of a first-in-class software resource that synthesizes disparate Single Cell RNA-sequencing (scRNA-seq) data sets to combat the COVID-19 public health crisis. The resource is equipped with the nferX augmented...

at 13:10
Global Machine Learning Market 2020-2024 The analyst has been monitoring the global machine learning market and it is poised to grow by USD 11.16 bn during 2020-2024, progressing at a CAGR of 39% during the forecast period. Our reports on global...

at 13:05
Bullhorn: WHAT: EngageX: The Online Experience WHO: All Staffing Industry Professionals WHEN: Thursday, June 18, 2020 WHERE: Online: Details and Registration at...

at 13:05
Visual Lease, a leading provider of lease accounting and management solutions, today announced the appointment of Erinn Tarpey as SVP, Marketing. In her role, Tarpey will oversee Visual Lease's go-to-market strategy, operational activities and is...

News published on 5 february 2020 at 10:25 and distributed by: