January 2024
Esker Asia
Unlocking Positive-Sum Growth with AI-Driven Business Solutions for #S2P & #O2C Cycles
Welcome to Esker Asia Scoops! Stay up-to-date on new product releases, upcoming events, industry insights, and more. From exciting announcements to educational resources, we've got you covered. So, let's dive right in and explore what we have in store for you in this issue! 👇
Applying Maslow’s Hierarchy of Needs to Business Operations: How Automation Can Shape a Better Organisational Culture
For Esker, building a human-centric and sustainable business has been the objective ever since we started the company 39 years ago. And today we still ask ourselves how we can encourage others to also embrace this vision for their organisations.
Some vacation reading took me to the Maslow Hierarchy of Needs, and this theory seemed quite fitting not just on a personal level, but also for a business. According to Maslow, what motivates humans to act is the goal of fulfilling five levels of needs: physiological, safety, social, esteem and self-actualisation. The lower-level needs must be satisfied before the higher-level needs can be pursued.
An organisation’s needs can be categorised into a similar ranking: The source-to pay (S2P) and order-to-cash (O2C) processes involve the flow of information and money between a company and its customers and suppliers. These processes are, in fact, the foundation of business operations, as they cover the entire cycle of procurement and sales: from sourcing suppliers and placing orders to delivering goods or services and collecting payments. Automating these processes improves efficiency, accuracy, speed and customer satisfaction. These advantages, in turn, flow into all business relationships, including buyers, suppliers, customers and employees. Read more..
Esker Joins LHDN Initiative for Malaysia E-Invoicing Mandate Pilot Project
Malaysia is gearing up for e-Invoicing, and Esker is actively participating in the LHDN initiative. The pilot projects, starting in late 2023, are a key step toward enhancing tax administration efficiency. The mandatory implementation, based on revenue size, begins in August 2024.
Esker is proud to contribute, offering valuable insights and strategies, helping companies to be onboard with this initiative by helping customers to:
We are hosting an exclusive e-Invoicing workshop to help your organisation understand how to kick start this initiative. Secure your spot here
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📖Ebook -The Accounts Receivable AI Playbook- Download Now
📖Ebook: Automating Supplier Management: Download Now
📰Blog- Using AI to Transform Business Processes & Outcomes- Read more
📰Blog- 3 Reasons Your B2B Customer Service Team Is Underperforming- Read more
🎥Video- See What's Possible with Esker's Order Management Solution- Watch Now
🎥Video- See What's Possible with Esker's Cash Application Automation Solution- Watch Now
📺Webinar On-Demand: Future-Proofing Finance Navigating 2024 Trends Automation with Esker ( Language: Cantonese) - Watch now
📺Webinar On-Demand: Navigating the E-Invoice Revolution in 2024 – Decoding Malaysia's Mandate with Esker - Watch now
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