Invoice Processing - Less fuss, more action

Trade in late payments, lost invoices, and a lack of visibility over manual invoice processing for an invoice automation solution that improves your internal processes and relations with suppliers.

Invoice Processing Automation for any ERP - Video
  

How to process and pay every invoice on time

ReadSoft’s invoice processing software automates the processes of scanning, interpreting, and filing of invoice data. No matter how invoices enter your organization – on paper or in any electronic form – the software intelligently extracts the important information and validates it according to a pre-defined set of rules. To simplify set-up, ReadSoft offers many different country-specific profiles, programmed with region-specific criteria like VAT rates, date formats, and currency characters. It’s an easy-to-install, out-of-the-box invoice processing solution that’s still adaptable to your business requirements.

Key features and benefits

  • Accurate invoice processing in less time and with fewer human resources  
  • No invoice lost or paid twice  
  • Invoice processing - Check boxesEligibility for early-payment discounts from suppliers 
  • 24/7 visibility of invoice status    
  • Self-learning capture technology continually increases
    recognition capabilities 
  • Timely and accurate financial reports 
  • Seamless workflow integration with SAP, Oracle, and other ERP systems through ReadSoft’s Partners 
  • Proven invoice process automation solution based on best practices gathered from years of
    experience in Accounts Payable (AP) automation

Vendor invoice processing can start instantly…
even during lunch 

Whether arriving in envelopes, by fax, or as email attachments, and no matter what the invoice design, incoming invoices can be routed for approval within minutes. The software handles the data entry and validation so AP staff only needs to get involved for issue resolution.

Accurate invoice processing with less time and work - Video
  

There’s no invoice that is too complex to be paid on time

Invoice automation jump-starts the purchase-to-pay cycle. Instead of your Accounts Payable department dealing with overwhelming amounts of paper or electronic files arriving from various sources, Accounts Payable deals only with the most important thing: the information.

Here's how it works 

This is how other companies have used our invoice automation solutions

Frozen food pioneer innovates its AP processing (Rich Products)

American frozen food leader Rich Products managed to reduce its invoice processing cycle by 50% with a ReadSoft solution.

Reference

“Rapid return on investment” for pharmaceutical company (Chiesi)

Find out how French pharmaceutical company Chiesi managed to achieve a rapid return-on-investment in their invoice automation project.

Reference

Time Warner Cable automates accounts payable operations to save costs and improve service - Video

Time Warner Cable strived to process invoices swiftly and cost-effectively to streamline operations & ensure timely customer service. By automating its invoice process with OCR data capture and work flow technology, the cable giant was able to increase its invoice volume by 40% without additional staff. Larry Wilson, Senior Accounts Payable Manager at Time Warner Cable, sat down to share the company's automation story and the investment's impact on the company's continued growth and success.

Video

Groupama ensures quality and speed with invoice automation software from ReadSoft - Video

Claude Fournier, AP Manager at Groupama, explains the benefits of automating invoice processing with ReadSoft. As the second biggest multi-line insurer and the leading mutual insurer in France, Groupama is a sound company with a broad spectrum of business lines - life and non-life insurance, savings, now with the addition of a range of banking services - and a high-caliber financial structure.

Video

Moving from a manual mess to an electronic-only future (Dennison)

Moving away from manual invoicing processes can be a difficult task - and one which many companies are yet to complete. Here's how UK vehicle dealer Dennison Commercials did it, and reduced lost invoices.

Reference

Invoice cycle cut from 32 days to seven at TransMontaigne

The oil and refinery company launched a project to cut invoice processing times and costs, and improve visibility–the results were remarkable.

Reference

“Fast and significant ROI” with invoice processing project (MicroWarehouse)

An invoice processing project involving ReadSoft has helped UK wholesale distributor MicroWarehouse achieve a "fast and significant return-on-investment".

Reference

Major packaging company quadruples productivity (Smurfit Kappa)

Quadrupled invoice processing productivity! That is what global paper and packaging manufacturer Smurfit Kappa achieved with the help of a ReadSoft solution.

Reference

Reference cases for all solutions and industries can be found here.

Learn more about invoice processing

Four Quarters to Accounts Payable Efficiency

This paper provides AP leaders with a year-long program of activities for using new AP automation systems to achieve greater AP efficiency. Recommendations are based on experiences with many of Australia’s leading organizations that have automated and streamlined their AP processes.

White paper

How Accounts Payable Process Automation Works

Accounts payable process automation enables faster processing, a lower headcount, more timely and accurate information, and, most importantly, a positive impact on your bottom line.

Article

Automating Purchase to Pay: Faster, better, cheaper - Brochure

Automating the entire purchase-to-pay process delivers significantly greater savings in time, costs, and resources than automating single parts of the process.

Brochure

PayStream Advisors: Invoice and Workflow Automation

PayStream Advisors’ 2013 survey data shows that survey respondents ranked electronic invoicing via portal or network (31 percent) and automated workflow (25 percent) as their top AP automation goals for the coming year. This report presents the latest adoption statistics, current thinking, best practices, strategies, and KPIs for evaluating and selecting an imaging and workflow solution to meet your needs.

Report

2013 AP Automation Study

Download your complimentary copy of The Institute of Financial Operation’s AP Automation Study to get a glimpse into the current state of AP processing and how your peers (and competitors) are reshaping their operations with emerging technologies.

Report

Please visit our Resource Library to find out more - here you will find all our brochures, articles, white papers, fact sheets, reports, and other material.