P2P automation in luxury retail sector
Surviving retailer are the ones who have embraced digital transformation in the luxury retail industry, not just for the front-line services, but also their backend business processes. The key to success is to have full collaboration, making sure that visibility, accuracy and speed are in place.
The luxury retail industry have the confidence in Esker as we offers a suite of document process automation solutions, helping with:
- Boosting efficiency by eliminating manual data entry using machine learning
- Reducing errors with intelligent data capture
- Improved communication with electronic workflow
- Enhanced visibility with a customisable dashboard
- One automated platform - interactions on one centralised location (intercompany processes)
"We are now able to track productivity and better manage our resources thanks to esker’s dashboard and reporting capabilities. Esker has also helped us streamline our processes and ensure a consistent work standard."
One platform to for all collaboration
Web based platform can be access by all necessary departments from the purchasing team all the way to the Accounts team, end to end. The luxury retail sector can benefit from Esker AI driven P2P solution on the below:
- Receive purchase request on one platform with a consistent flow of information
- Increase processing speed of requests with online purchase forms
- Benefit from automatic requisition authorisation workflow
- Give requesters instant access to approved items
- Convert non-PO into PO-like invoices
- Gain complete visibility on spend process transparency
- Reduce operational cost by increasing efficiency and quitting paper
- Increase processing speed with auto capture and machine learning capabilities
- Accelerate payment cycles
- Eliminate duplicate payments
- Strengthen credit rating
- Improve communication with all information on one platform
- Enhance reporting and visibility with dashboard and analytics
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