Cloud platform Esker has introduced a new portfolio of integrated payment capabilities and strategic fintech partnerships for businesses.

Dubbed Esker Pay, the new solution will help businesses to improve cashflow management by streamlining processes for both accounts receivable (AR) and accounts payable (AP).

Furthermore, Esker Pay’s end-to-end payment automation enables early payment discounts and supply chain financing options.

It is also said to address fraud prevention, late fees, and negatively impacted cashflow concerns.

The new solution is fully integrated with Esker’s Procure-to-Pay and Order-to-Cash solution suites.

Esker product manager Catherine Dupuy-Holdich said: “The axiom that ‘cash is king’ has only been reinforced over the last 18 months. When times are tough for many businesses, getting paid and paying suppliers on time can be a tall order.

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“With Esker Pay we offer the technologies and partnerships to facilitate and expedite payments.”

Fintech tie-ups

Esker has forged alliances with fintech firms including Corpay, Stripe, Wind River Financial, Jack Henry, SisID, Payroc and SlimPay to add payment capabilities to its new payment portfolio.

The partnerships will enable Esker Pay to offer domestic and international payments, supplier payment automation, supply chain financing and dynamic discounting.

It also provides integrated payment methods, factoring, early payment discounts, and payment information verification.

Esker CEO Jean-Michel Bérard commented: “We will continue to enrich Esker Pay through technology developments and future partnerships to further optimise customer and supplier B2B payments, reduce risk exposure, and improve back-office efficiency.”