A premier producer and distributor of branded food products has selected ReadSoft's invoice automation solution with Oracle® validated integration to gain greater processing efficiencies in its accounts payable operations. The deal is worth 975,000 USD and was signed in the fourth quarter of 2013.
Coping with an AP process that could no longer handle its growing needs, the company realized the demand for an enhanced invoice processing solution that could easily integrate with its Oracle E-Business Suite enterprise resource planning (ERP) system. The goal was to expand its AP processing solution to support multiple operating locations around the world. Implementing a mobile invoice approval method to accommodate distributed locations and better equipping its suppliers by establishing a gateway to self-service access of invoice payment status were also focal points.
After researching available options, the company gravitated towards ReadSoft because of its ability to easily support the organization's global footprint and ReadSoft's proven performance with seamless integrations into Oracle E-Business Suite. By selecting ReadSoft's invoice automation, mobile approval and supplier web portal solutions, the organization will achieve faster invoice approval enablement, reduced invoice cycle time and improved vendor relationships.
"Keeping up with the demands of a growing AP operations is critical to the success of an organization," says Per Åkerberg, CEO of ReadSoft. "This company recognized the need to advance its AP process in order to maintain best-in-class status and achieve dramatic efficiency gains in their invoice processing solution."
