Shortfacts - November 2020


New solution for payment allocation
Esker announced the launch of its payment matching solution, which enables organizations to increase the efficiency and automation of the cash application process by matching open invoices with payments received. As part of the Esker Accounts Receivable Finance Suite (Invoicing, Receiving, Receivables Management and Payment Mapping), Esker's new solution is fully integrated with the Order-to-Cash (O2C) platform, simplifying payment mapping and making it easier to process incoming remittances. By automating the manual process, Esker improves the speed and accuracy of capturing and reading data from remittances. Payment flows are allocated faster and companies benefit from optimized cash flow, improved receivables visibility and more efficient collection processing.