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Global apparel company expands invoice automation solution through agreement worth 280,000 USD

Wednesday 22. December 2010 - A world-leading American apparel company has chosen to expand its use of ReadSoft's invoice automation software to its European branch. The new invoice automation agreement is worth 280,000 USD.

The customer has already been processing tens of thousands of invoices with ReadSoft’s SAP-certified invoice automation solution at its North American shared service center. The company is now expanding the solution to cover tens of thousands of its European invoices per year. The invoice automation solution is end-to-end, from arrival to posting, and is seamlessly integrated with the customer’s SAP system. ReadSoft, with thousands of references worldwide, was deemed the market leader within the SAP segment by the customer, providing the most complete invoice automation solution based on best practices.
The invoice automation solution will be physically located at the company’s global data center in the US and will be accessible by its European accounts payable center. A solution partner will execute the invoice capture and OCR implementations while the rest of the installation will be handled by the company internally.
“We are pleased to see this organization maximizing its investment and expanding its invoice processing initiative to the European region,” says Jan Andersson, CEO of ReadSoft. “This ultimately shows that ReadSoft’s solutions are modular and capable of managing the diverse and complex international environment. We look forward to working continuously with this client to provide the most efficient invoice automation solutions and services.”