Arco Automates its Accounts Payable and Procurement Processes with Esker’s Procure-to-Pay Suite
Derby, UK — December 14, 2022 — Esker, a global cloud platform and leader in AI-driven process automation solutions for finance and customer service functions, today announced that Arco, the UK’s leading safety company, has automated its accounts payable and procurement processes with Esker’s full Procure-to-Pay suite.
Arco was originally looking at only an accounts payable solution to gain greater visibility and control over their vendor invoice process. However, the finance, procurement and IT transformation teams also saw the advantages of automating their purchase order process, particularly with the management of their purchase orders for ‘goods not for resale’.
Due to recent growth, Arco had outgrown its current systems and processes. The ability of Esker to allow Arco to control spend and audit trails was a crucial reason for taking on these new solutions, as well as being able to tailor the solutions to its individual needs.
Esker was approached in the first instance due to its positioning in the Gartner® Magic Quadrant™ for Procure-to-Pay Suites. Arco liked Esker’s flexible approach as well as its supplier enquiries management option which classifies non-invoices such as statements and supplier queries.
Amanda Henderson, Accounts Payable Manager at Arco, said, “We have already seen some great results since we went live with Esker in the summer. 71 out of the 88 vendors targeted are now automatically processed, with some 14,300 invoices actioned with no intervention whatsoever.”
This all-encompassing suite of solutions means that Esker will help transform Arco’s accounts visibility and control. Esker’s solutions will remove all manual touch points and reduce maverick spend, meaning staff can concentrate on more value-added tasks, such as enhancing customer relationships.
About Arco
Arco is the UK's only integrated services and safety products business. As a fifth-generation, family-run business, with over 135 years’ experience, Arco is an expert safety partner with a unique mix of unparalleled specialist expertise and practical real-life industry knowledge. As experts in safety, Arco understands that each business faces its own unique and complex safety challenges. People are the lifeblood of any business and Arco’s core purpose is to keep them safe at work.
For Arco, safety means much more than delivering products or services. It's about delivering joined-up safety solutions that help businesses manage, mitigate and reduce risk at every step.
For further information about Arco, visit: https://www.arco.co.uk/.
About Esker
Esker is a global cloud platform built to unlock strategic value for finance and customer service professionals, and strengthen collaboration between companies by automating the cash conversion cycle. Esker’s solutions incorporate technologies such as artificial intelligence (AI) to drive increased productivity, enhanced visibility, reduced fraud risk, and improved collaboration with customers, suppliers and internally. 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 https://www.esker.co.uk. Follow Esker on LinkedIn at Esker – Northern Europe, or on Twitter at @EskerNEurope and join the conversation on the Esker blog.