Esker, a document processing automation provider, announced last week that the company has acquired Wisconsin-based TermSync, a cloud-based Accounts Receivable (AR) platform. This looks to be a very natural union as Esker builds upon its current set of robust AR offerings.
Esker’s cloud-based AR solution automates the sending and archiving of electronic and paper invoices. By allowing invoices to be delivered according to any format preference and from any ERP/business application, Esker enables suppliers to implement e-invoicing immediately while their customers can adapt at their own pace. Once the invoice is delivered, TermSync provides easy-to-use tools for B2B companies that allow postsale customer interactions (AR and customer support) to be streamlined, automated and modernized as much as possible.
“We’re very excited by this acquisition and what it means for companies seeking to modernize the whole of their AR processes,” said Steve Smith, U.S. Chief Operating Officer at Esker. “TermSync brings a number of sophisticated capabilities to the table, from collections forecasting to dispute resolution, which we are confident will add a more dynamic dimension to our current AR solution offering.”
PayStream is eager to see how this new development will enable Esker to provide enhanced solutions for AR innovators on the leading edge of the industry.
