LTP Sports Group Chooses Esker to Automate Their Accounts Payable Process

The global business disruptions over the last two years have forced many organizations to digitally transform their outdated manual processes — not only to survive in the short term but to remain resilient and competitive for years to come.  

A recent example of this is Live to Play (LTP) Sports, a company that experienced strong growth during the pandemic but was challenged to scale up their AP processes to match.  With the implementation of Esker’s Accounts Payable automation solution, LTP expects to start seeing significant time-savings benefits and so much more.

With over 50 years of experience in the cycling industry, LTP Sports is Canada’s largest wholesale distributor of premium bicycles, parts, and accessories. Unfortunately, the downfalls of human and file centric AP processes began affecting company performance in the form of:

• Slower invoice processing times
• Limited visibility over documents, processes, and performance as Work From Home became the norm 
• Longer reconciliation and payment cycles

To mitigate the manual process challenges and institute a more strategic and sustainable AP process, LTP chose Esker’s AI-driven Accounts Payable solution. Once fully implemented, the company anticipates faster invoice processing speeds and the opportunity to leverage automation to free up AP staff so they can focus on value-added activities. Esker’s intelligent data capture, touchless processes, and electronic workflow capabilities will facilitate these goals while also resulting in improved cashflow management.

With Esker, LTP Sports expects to gain:

• Enhanced speed, accuracy & visibility in the AP invoicing process
• Increased fraud prevention & risk reduction
• Improved relationships with suppliers & employees
• Lower operational costs

At times LTP handles batch invoices for multiple shipments from select vendors. Historically this requires the company to manually separate each invoice and match it to the proper shipment leading to long processing times. With Esker’s RPA & AI-driven automation solution, batch documents can be split automatically, and document triage can prioritize and route invoices to the correct department for authorization.

LTP Sports is thrilled to have a solution that automates many parts of their AP process but will also be compatible with its current and future technology stack.

Looking to automate your AP process and enable your employees to work smarter, not harder? Esker can help! Learn more at eskersolution.ca