Allied Electronics Signs On to Extend Its Use of Esker for Fully Automated Accounts Payable
By Business Wire News
By Business Wire News
Esker, a worldwide leader in document process automation solutions and SAP® software solution and technology partner, today announced that Allied Electronics, a leading distributor of industrial automation products and electrical/electromechanical components, has signed on to expand its use of Esker’s Accounts Payable automation solution.
Previously, Allied was using Esker for basic “scan and file” functionality that allowed AP documents to be attached to transactions in the company’s SAP system. By extending its use of Esker within AP, Allied will now be equipped with more advanced capabilities, such as: automated workflow, data capture technology (e.g., OCR), 3-way match verification, accrual reporting, auto-approvals and more.
Asheesh Mittal, Director BI and Process Automation at Allied Electronics, anticipates the move will have significant advantages. “Our documents were already being routed through Esker, but we lacked the ability to strip out data with OCR, automatically load the invoices in SAP or monitor our process with any real visibility,” he said. “Once these enhancements are fully up and running, we’ll have that functionality. Not only are we hoping for improved speed and accuracy in our invoicing process, we foresee this as a great way to keep growing as a company without bringing on more staff.”
In addition to AP invoicing, Allied is currently using Esker to automate a number of other business processes and manual documents throughout its company, including: outbound customer invoices, purchase orders, sales orders, quotes and customer sales tax certificates.
About Allied Electronics
Allied Electronics is a high service level authorized distributor of industrial automation products, electronic components and electromechanical products with 47 sales offices serving the United States, Mexico and Canada. As a subsidiary of Electrocomponents plc (LSE: ECM) originally established in 1928, Allied has grown to become the foremost local electronics distributor with an international profile.
Allied ships from its centrally-located 357,000 square foot distribution center in Fort Worth, Texas, and currently stocks more than 120,000 SKUs. Its streamlined system uses RF technology to accommodate paperless pick and put-away processes, allow for same-day shipping on orders placed up to 10 p.m. ET and next-day delivery on orders placed by 8 p.m. ET.
Esker is a worldwide leader in cloud-based document process automation software. Organizations of all sizes use its shared platform of solutions, offered on-demand or on-premises, to automate accounts payable, order processing, accounts receivable, purchasing and more. Esker’s solutions are compatible with all geographic, regulatory and technology environments, helping over 11,000 companies around the world in their efforts to Quit Paper™.
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. Last year Esker generated 46.1 million euros in total sales revenue.