Esker has signed an agreement worth over $700 000 with Malaysia Airlines to automate vendor invoices into the company’s new SAP system via the Esker automated Accounts Payable (AP) solution.
With over 28 000 monthly invoices, Malaysia Airlines pursued a solution that would meet a number of requirements, including the capacity to handle its growing global invoicing needs, and the ability to seamlessly integrate with its future plans of setting up a shared services centre.
Malaysia Airlines engaged Esker to implement the AP solution with the aim to reduce operational costs, improve visibility and efficiency, and eliminate late payments.
The companies have signed a five-year contract and will begin implementing the Esker solution immediately, with the project delivery forecast for mid-2013.
Esker CEO, Jean-Michel Bérard, says they are extremely pleased to have been selected to provide end-to-end vendor invoice automation for such a significant and pioneering company.
“By implementing our AP automation solution, Malaysia Airlines can expect to benefit from numerous strategic business advantages, including: better integration to financial systems, stronger financial controls, strengthened supplier relations and improved cash flow visibility,” he said.
“In this fast-paced global environment, it is important for us to rely on the best solution so that our internal or external customer will have a seamless operation/transaction,” said Malaysia Airlines’ director of corporate services, Mohd Sukri Husin.
“We are delighted to partner with Esker to automate and streamline our invoice processing function. We firmly believe that Esker can integrate in enhancing speed and accuracy in invoice automation and addressing our business goals.”
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