Business News
ReadSoft signs 390,000 EUR contract regarding invoice automation in SAP with leading European chemical company
Friday 27. August 2010 - A global chemical company has selected ReadSofts solution for invoice automation in SAP to be installed at its newly established shared service center. The agreement is worth 390,000 EUR and the invoice automation implementation will begin during the third quarter of 2010.
This world-leading customer has recently established a shared service center and wanted an invoice automation solution that could support its businesses in a timely and efficient way and that is adapted to its new organization. The company was also looking for an invoice automation solution that could guarantee a fast return on their investment.
ReadSoft was awarded the project after a thorough evaluation of a number of vendors. The main reasons for investing in ReadSofts invoice automation solution were; reduced time for invoice processing, improved monitoring and tracking of invoices and better handling of invoices which might have an issue or an error. ReadSofts market leading position, effective integration into SAP and proven track record with thousands of references worldwide also played a part in the customers decision process.
“The investment that large companies are willing to make in our solutions is a clear statement that our products fit the technology direction of leading companies,” says Jan Andersson, President and CEO at ReadSoft. “With our new single platform – PROCESS DIRECTOR – for handling multiple processes in SAP we help our customers to be more cost efficient and improve control and shorten total processing time. We look forward to work with this company in realizing their goals – to achieve best-in-class Accounts Payable and invoice automation practices.”