Prepress

International chemical company invests €325,000 in solutions from ReadSoft

Thursday 06. November 2008 - A world leading chemical company in Germany has decided to invest EUR 325,000 in ReadSoft's invoice processing solutions for SAP.

The solution from ReadSoft will automate and optimize supplier invoice processing at one of the company’s European Shared Service Centers and will also integrate with the customer’s SAP system. The roll-out of the solution is expected to start before the end of this year and covers the processing of almost one million invoices annually.
This German customer’s portfolio ranges from oil and gas to chemicals and agricultural products. The group employs around 95,000 people worldwide and generated sales of €58 billion in 2007.
 
With the goal of making their accounts payable processes more efficient, this company decided to invest in ReadSoft’s solutions already in 2004. During the last couple of years this customer has refined the entirely automated work process within accounts payable and therefore, the decision was made to expand the use of the solution at the group’s operations in Europe.
 
“Our strategy of gaining a foothold with multinational companies to set the stage for group-wide agreements has succeeded once again,” says Jan Andersson, ReadSoft President and CEO. “Our SAP-solutions meet the strict demands of multinational companies when it comes to handling documents in the purchase-to-pay and order-to-cash areas. With our worldwide presence, we can also offer global solutions with local support.”
 
Maintaining a leading position requires the implementation of the latest technologies on the market, which is why many multinational groups choose to automate their invoice processing. Manually processing invoices and other related documents is time and resource consuming. ReadSoft’s solutions offer significant business value, allowing customers to make better use of their employees, ensuring higher-quality information and improving security.