New partnership to advance digital transformation of cash conversion cycle
Esker, a global cloud platform and leader in AI-driven process automation solutions for finance and customer service functions, announced a strategic partnership with Marlabs Inc., a leading digital solutions company. The partnership enables Marlabs’ customer base to access Esker’s comprehensive suite of Procure-to-Pay and Order-to-Cash automation solutions to propel digital transformation.
“Partnerships like this are key in harnessing a positive and sustainable business environment”
Commenting on the newly formed partnership, Santosh Rajput, senior vice president, business development and strategic accounts at Marlabs, said, “As a digital transformation-focused company, we saw an increasing number of clients needing to further elevate digitalization, and it quickly became clear that incorporating procure-to-pay (P2P) and order-to-cash (O2C) automation into our game plan would be the most effective next step. Many industries we serve are still tied to their legacy systems and manual processes, and it just made sense to build Esker’s capabilities into our offerings, which will fully equip us to address the market’s needs head-on and assist in sustaining business resilience.”
The Esker and Marlabs partnership will empower end-users to leverage artificial intelligence (AI) and machine learning (ML) technologies to efficiently process and validate data across the entire cash conversion cycle, allowing them to quickly scale, gain greater process visibility and improve cash flow.
Read More: Daily Fintech Series Roundup: Top Fintech News, Analytics and Insights
Marlabs chose Esker for its advanced technologies, positioning in the market and global footing. At its core, Esker will enable Marlabs and its stakeholders to strengthen relationships with customers, suppliers and employees, further developing vital working ecosystems for positive sum growth.
For Marlabs, providing its clients with the ability to harness the power of automation to reduce manual processes – without having to build its own solution – was vital in setting itself up for future growth. The digital solutions company wanted to provide unmatched value beyond operational savings.
Read More: Bakkt Expands Reach of the Digital Wallet Experience to Send Digital Assets to Anyone
“Partnerships like this are key in harnessing a positive and sustainable business environment,” said Steve Smith, U.S. chief operating officer at Esker. “Both Marlabs and Esker have a strong customer-centric philosophy, and in our experience, aligning with partners who share a passion for providing the highest level of service ultimately maximizes results for each business. We are looking forward to driving increased productivity, improved employee engagement and greater trust between all stakeholders for Marlabs.”
Read More: i2c Becomes First Company to be a Visa Fintech Fast Track Member in Four Regions
