Wednesday 11th January, 2012

The North American based organisation will streamline its end-to-end accounts payable process with ReadSoft’s SAP®-certified invoice automation solution. The agreement is worth 340,000 USD and was signed during the fourth quarter of 2011.

Processing mostly paper invoices, this organisation’s accounts payable department routinely faced issues such as missing invoices and slow payment cycles. The company researched invoice automation with the goals of eliminating paper invoices and increasing efficiency, visibility and control for its finance department. ReadSoft, with a strong pharmaceutical reference background of SAP invoice automation implementations, was deemed the market leader within the SAP segment by the customer, providing the most complete invoice automation solution based on best practices.

With ReadSoft’s SAP-certified invoice processing solution, the organisation will eliminate lost invoices through improved visibility and control while accelerating processing speeds. The solution is also designed to accommodate the company’s requirement for multiple languages. Through this implementation, the organisation made the strategic decision to leverage its existing investment in SharePoint as its content repository.

“Improved visibility and control over the invoice process is critical for both AP and finance to operate cost-effectively,” says Per Åkerberg, President and CEO of ReadSoft. “This customer will leverage its Microsoft SharePoint repository with ReadSoft’s process automation solution to transform its invoice process into a cost-conscious and strategic operation that will help increase its bottom line,” finishes Per Åkerberg.