(Boursier.com) — Esker fell 2% to 174.40 euros on Wednesday, when the group announced that it had obtained a patent from the US Patent & Trademark Office for its technology for automating the cutting of documentary batches. As part of the automation of supplier invoice processing, scanning paper invoices remains a tedious task for accounting teams. Esker addresses this problem with its newly patented artificial intelligence technology.
This new patent filing is part of the overall strategy of investment in Research & Development that Esker initiated more than 10 years ago. By investing in these technologies, Esker accelerates the processing of supplier invoices to improve the supplier relationship and increase the productivity and satisfaction of accounting teams by freeing them from low value-added tasks. Among the latest brokers’ opinions, Berenberg is still long on Esker, but with an adjusted price target down from 400 to 300 euros.
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