Supplier Management Solution

Why automate supplier
management with Esker?

In today's globalized economy, effective supplier management is crucial for maintaining a competitive edge. As companies expand their operations, they often deal with a complex network of suppliers and the associated challenges and demands. Esker Supplier Management helps companies efficiently manage supplier relationships and risk management. Thanks to Al-driven technology, companies can optimize their procurement operations, enhance collaboration and visibility, drive competitiveness, and achieve long-term success.

Streamline procurement
From standardized workflows and automated supplier onboarding to supplier performance tracking, Esker equips your team with the tools needed to enhance the procurement process.
Manage costs effectively
A well-managed supplier base enables your team to negotiate better pricing, terms and conditions with suppliers.
Improve supply chain resilience
By diversifying the supplier base, your company reduces dependency on a single supplier and minimizes the impact of potential disruptions.

What our customers say...

“Esker is helping us improve our relationships with both our suppliers and our teams internally. By introducing automation, we have gained efficiency and a 65% touchless rate of supplier invoices.”

Finance Director, Manutan

“A comprehensive supplier management policy plays an important role in the success of our organization. Esker has given us a view into all our supplier activities and ensures that processes are informed with accurate supplier, risk and performance data.”

Director, Shared Services Center Manager, Lapeyre

User-friendly tools
for enhancing
ESG reporting & strategies

Customers, investors and other stakeholders are placing greater emphasis on sustainability and responsible business practices. Companies can demonstrate their commitment to environmental stewardship, social responsibility and strong governance (commonly referred to as ESG considerations) by integrating these into the supplier management process. Esker Supplier Management tracks supplier certifications, monitors compliance documentation, and sends alerts for expiration or non-compliance, reducing the risk of legal and reputational issues.

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A 360-degree view of supplier information

Finding and onboarding reliable and reputable suppliers can demand significant time and resources. With automation, businesses can streamline supplier relationships, enhance procurement processes, manage compliance, minimize risk and achieve better business outcomes.

Self-service supplier portal
Improve operational efficiency
As businesses grow, managing suppliers manually becomes increasingly complex. Collect data and legal documents from suppliers directly via the self-service portal, while allowing suppliers to easily update their information at any time and reduce the risk of human error in data entry. Esker technology makes it possible to create questionnaires from the very first stage of onboarding to obtain specific information. Also, check the Taxpayer Identification Number (TIN) to ensure compliance in exchanges and collect diversity certification for promoting supplier diversity and inclusion.

Compliance & regulatory requirements
Mitigate supply chain disruption
With Esker, companies can facilitate a more secure, streamlined supply chain thanks to the ability to:
- Automate compliance monitoring with regulations and internal policies and track supplier performance against predefined metrics.
- Identify potential risks, such as supply chain disruptions, facilitating proactive risk management strategies.
- Screen suppliers against politically exposed persons and sanction lists, receiving information in real-time.
- Perform OFAC checks to mitigate the risk of inadvertently engaging in transactions with sanctioned parties, which could lead to reputational, financial, and legal consequences.

Real-time KPIs & analytics
Optimize decision-making with data-driven insights
Esker users gain real-time visibility into supplier performance and KPIs thanks to intelligent dashboards that provide:
- AP specialists with a centralized view of supplier information, while all modifications and actions are recorded and statuses updated.
- Improved collaboration between internal departments and external partners by providing a centralized platform for communication and document sharing.
- Enhanced service levels and accountability, which fosters greater trust and improves relationships with suppliers.

Dynamic discounting & early payment plan
Strengthen supplier engagements with digital tools
Identify cost-saving opportunities by optimizing supplier relationships and negotiations. By combining Esker Supplier Management, term optimization and early payment programs, companies benefit from faster approvals, increased visibility and integrated data, while helping their suppliers secure cashflow, get paid faster and support their customer's supply chain.

Fraud prevention
Verify supplier bank details for accuracy
Bank verification automation ensures accurate and reliable supplier information. By automatically verifying bank account details provided by suppliers, companies can eliminate manual-related errors and reduce the risk of fraudulent activities. This helps maintain accurate supplier records and reduce potential financial risks.