Sydney, Australia & New Zealand. — June 10, 2020 — Esker, a worldwide leader in AI-driven process automation solutions and pioneer in cloud computing, today announced the launch of its Credit Management solution to enable businesses worldwide to manage and optimise their credit-to-cash process. As a natural extension of Esker’s Accounts Receivable solution within Esker’s Order-to-Cash platform, Credit Management enriches Esker’s offer to help businesses secure the credit approval process, manage risks and make the credit management process smarter.
According to a recent report by Euler Hermes, corporate insolvencies are on the rise globally and expected to increase 20 percent to $3.5 billion in 2020, largely resulting from the COVID-19 pandemic. Today more than ever, organisations must thoroughly evaluate their credit risk and clearly understand to whom they’re selling on credit.