ReadSoft signs agreement with global aerospace leader for invoice automation

September 15, 2011  |  Adoption, Invoice Automation

The North American-based organization has selected ReadSoft’s SAP®-certified invoice automation solution to streamline its accounts payable operations and enable greater processing efficiencies across the enterprise. The agreement is worth over 420,000 USD and was signed during the third quarter of 2011.

This world-leading manufacturing company sought to advance its accounts payable operations beyond the costly setbacks of labor-intensive manual processing. With high volumes of paper invoices, the accounts payable department routinely struggled to locate invoices throughout the payment cycle. These restraints made it difficult for the staff to track and process invoices and processing bottlenecks emerged, forcing the company to routinely miss out on early-payment discounts.

As the most complete invoice automation solution based on best practices, ReadSoft’s flexible, SAP-certified solution was deemed a reliable fit to meet the organization’s processing needs. With ReadSoft’s end-to-end invoice automation solution seamlessly integrated into the customer’s SAP system, the company can ultimately achieve faster and less expensive invoice processing and increased control of financial processes.

“In today’s competitive business environment, companies are re-focusing their attention on invoice processing to uncover hidden costs in their organizations,” says Jan Andersson, President and CEO of ReadSoft. “This strategy has proven successful time and again as over 6,500 companies have turned to ReadSoft to deliver substantial savings in time, money and manual routine work through automation.”


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