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ReadSoft signs invoice automation agreement worth over 850,000 USD with global chemical company

Friday 15. April 2011 - A leading company specializing in the manufacturing and sale of chemicals and polymers has chosen ReadSoft’s SAP-certified invoice automation solution to process paper and electronic invoices throughout its global accounts payable operations. The agreement is worth over 850,000 USD and was signed during the first quarter of 2011.

With technical and manufacturing facilities across the globe, the customer’s paper invoices were typically routed among multiple locations, affording minimal visibility and control over invoice processing. As processing bottlenecks became impossible to locate or forecast, invoice costs and cycle times rose. To reduce these inefficiencies, the organization sought an accounts payable automation solution to streamline manual operations enterprise-wide with automated workflows.
As the company aimed to standardize accounts payable operations in multiple countries, it recognized ReadSoft’s unparalleled track record of hundreds of global implementations within SAP environments and selected the leading solution provider to spearhead its invoice processing initiative. By automating its invoice processing seamlessly within SAP, the company looks forward to reduced invoice processing cycle times and improved visibility and control over invoices.
“Time and again, organizations have recognized the need to standardize processing among multiple business units for leaner, more cost – effective operations” says Jan Andersson, CEO of ReadSoft. “We look forward to playing an integral role in this customer’s efficiency strategy and catapulting their invoice processing initiatives to success.”

http://www.readsoft.com
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