Business News
ReadSoft signs invoice processing agreement worth 700,000 USD with global auto parts company
Monday 18. October 2010 - A world-leading manufacturer of engineered components and systems for vehicle powertrain applications has selected ReadSofts SAP-certified invoice processing solution to process paper and electronic invoices worldwide.
With a leading track record of similar global implementations within SAP environments under its belt, ReadSoft was selected to spearhead the companys global invoice processing initiative. The agreement is worth 700,000 USD and was signed during the third quarter of 2010.
With manufacturing and technical facilities across the globe, the customer sought a more standardized accounts payable (AP) process across several SAP systems in the Americas, Europe and Asia. Along with its ability to improve invoice processing cycle times and global visibility and control over invoices, ReadSofts invoice processing solution was selected due to its tight integration with SAP. The solutions built-in country specific logic was also a critical factor in the selection process as it ensures a seamless implementation.
“Time and again, companies have turned to us for our extensive invoice processing experience, competence and capability to perform complex implementations across the globe,” comments Jan Andersson, President and CEO at ReadSoft. “By working closely together with the customer, I am confident that we will achieve its AP objectives with more standardized and streamlined invoice processing inside SAP.”