An innovative company in the design and manufacturing of electronic products recently signed an agreement with ReadSoft North America to automate its invoice process with ReadSoft’s SAP®-certified invoice automation solution. The deal, valued at over 300,000 USD, was signed in the fourth quarter of 2013.

The company realized its paper intensive process was slow and inefficient.  Manual handling of paying invoices across its enterprise was restricting its ability to have control over its account payable operations.  Moving to a shared services strategy and streamlining its accounts payable procedures became a priority.

Pursing an automation solution with a smooth integration into its SAP Enterprise Resources Planning System, the organization chose ReadSoft to lead its invoice processing initiative because of ReadSoft’s world-class solution and unmatched history of successful implementations within SAP environments. With the decision to automate its invoice process, the company will be able to reduce invoice processing cycle time while improving visibility and control over its invoices.

“Companies like this that standardize processing with automation enterprise-wide quickly realize faster, leaner and more cost-effective operations,” says Per Åkerberg, President and CEO of ReadSoft. “We look forward to being a part of this customer’s success in achieving greater efficiency in their accounts payable process.”

Click here to view the entire ReadSoft press release

Download a complimentary copy of PayStream’s report titled The Road to Financial Shared Services to learn more about ReadSoft’s solutions.  The report includes a detailed profile on ReadSoft and their solution functionality.