A renowned manufacturer of health care products has selected ReadSoft's SAP®-certified invoice automation solution to attain improved control and greater visibility over its manual invoice process. The agreement is worth over 1.0 MUSD and was signed in the fourth quarter of 2013.
Relying heavily on 3rd party establishments for scanning and manual input of incoming invoices combined with a high risk for duplicate payments, margin for error and time spent on manually processing its high volume of invoices was not effective for the company. Seeking to standardize its AP process and decrease the need for 3rd party resources, the organization decided to automate its AP operations inside its SAP enterprise resource planning (ERP) system. It was also critical to find a solution that had multi-language capability.
A comprehensive vendor search revealed ReadSoft's strength in the marketplace because of its solid integration into SAP and extensive experience with successful SAP automation implementations. With the selection of ReadSoft's invoice automation solution, the company will have real-time visibility and gain better control over its AP process. This will allow the organization to achieve best-in-class industry standards and improve its vendor relationships.
"Organizations who recognize the need to standardize their accounts payable operations throughout the company are achieving significant cost savings and gaining efficiencies through automation." says Per Åkerberg, President and CEO of ReadSoft. "We look forward to playing an important role in the success of this customer as they propel their AP process forward."
