A solution that pays

Many studies have shown that it costs a company between US$7 and US$50 to pay a single invoice using manual processes. The same studies agree that invoice processing automation generally reduces that cost per invoice by 50%–80%.

Invoice Processing Automation for any ERP - Video

  
Give your accounts payable department the gift of perfect SAP transaction data

When invoice transactions are created in SAP with correct information, accounts payable processes are efficient…but this is seldom the case. The steps leading up to posting are often fraught with labor-intensive and error-prone manual tasks.

Working inside SAP, ReadSoft’s invoice processing software is the market leading, SAP-certified solution to provide a start-to-finish workflow for automated invoice approval that communicates with SAP master data, the purchase order, and the goods received database – before the invoice is ever posted. Featuring configurable, ready-to-use functionalities, the solution is designed with built-in best practices based on more than a decade of experience in the accounts payable automation field within SAP.

Key features and benefits

  • Automatic posting for straight through processing
  • Personalized, single point of entry for accessing all AP information
  • Automated validation against SAP data    
  • Invoice Processing for SAP - Check BoxesAutomated posting of incoming invoices
  • Constant visibility of invoice processing status     
  • Audit trail of all processes to ensure legislative compliance (such as SOX) 
  • Works seamlessly with SAP systems, using standard SAP user interfaces 
  • Reduce AP costs by up to 80% 
  • Reduce invoice processing time   
  • Eliminate late fees and incorrectly paid invoices 
  • Take advantage of supplier discounts for on-time payments 
  • Assess cash flow more accurately  

Accounts payable automation:
a revealing process for all parties involved 

Automating invoice processing not only impacts your bottom line through time and labor savings, it sheds light on up-to-the-minute invoice status that suppliers, AP staff, and financial departments alike will celebrate.  

Process change with promising implications for the future 

You’ve already made the investment in an SAP system. Automating invoice processing will make that investment even more cost-effective. By reducing the invoice-receipt-to-posting window and providing SAP with validated, complete invoice information, you set the stage for continuous gains in AP efficiency.

Here’s how it works

This is how other companies have used our solutions

Schneider’s AP productivity rises 300% with ReadSoft

Does your company use SAP? Would you like to know how your company could triple its productivity within the accounts payable department? This case tells how global energy specialist Schneider Electric managed just that.

Reference

Canal Plus automates paper based processing - Video

Established in 1984, Canal+ is a French premium pay television channel owned by Canal+ Group, the leading pay-TV operator in France with more than 10.5 million customers. Here, Eric Molouba, IT Project Manager, speaks about automating their paper based processing.

Video

Orica's World Class Shared Service powered by ReadSoft - Video

Orica Australia's Ciaran Mara discusses the success they experienced after automating invoice processing with ReadSoft.

Video

DAK Americas expands best practice AP processing with automation, supports low cost business model after acquisitions

On the heels of two acquisitions, a leading PET resin producer turned to a best practice end-to-end AP solution to provide the added efficiencies needed to resume the company’s low-cost competitive advantage.

Reference

Fujitsu makes “significant savings” by reducing invoice processing time

Fujitsu Australia’s AP organization realizes savings, efficiencies and full visibility from transforming its manual invoice processing into a streamlined automated process.

Reference

ReadSoft makes AP ‘cool’ says Aramco Services Co.

Aramco Services Company, the US subsidiary of an international oil giant, has automated its invoice processing in SAP with ReadSoft. They are so happy about their new process they even say ReadSoft is a "cool product".

Reference

Capita cuts over 70% off the cost of processing an invoice

Find out how British business process outsourcing (BPO) company Capita managed to cut more than 70 per cent off the cost of processing an invoice.

Reference

Reduced payment times please Bouygues’ suppliers

A subsidiary of one of the world's leading construction companies, Bouygues Construction managed to reduce payment times by automating their invoice processing in SAP.

Reference

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

Learn more about invoice processing in SAP

“Ready-to-Use” AP Automation in SAP - White paper

As imaging and workflow automation are moving into the mainstream of AP best practices, this report serves to answer the resounding question asked by organizational management of how to go about automating.

White paper

Automating accounts payable in SAP with best practices solution

ReadSoft’s SAP-certified best practices solution fully automates the accounts payable process chain in SAP, from invoice receipt to posting, and including intensive reporting. Benefits include improved control, reduced costs, and enhanced business intelligence. The solution is based on more than a decade of experience in the accounts payable automation field within SAP environments.

Brochure

Accounts payable process automation in SAP

Rowland Archer of ReadSoft’s ERP Automation Lab discusses key features of accounts payable process automation in SAP and explains three valuable benefits it brings to customers.

Article

One untapped potential of SAP systems - Accounts Payable automation

When investing in solutions to help achieve long-term success, many organizations turn to accounts payable automation. It’s where document process automation can add to a company’s bottom line from day one through immediate savings in time and money.

Article

SAP Automation Solutions - Platform as a Service: A buyer’s guide to ePayables solutions for SAP

This 2013 PayStream Advisors report focuses on SAP-specific e-Payables solutions, including invoice automation and payments, which leverage SAP capabilities and have seamless integration with SAP. The report is designed to answer your questions and serve as a buyer’s guide to ePayables automation options for SAP users in the era of collaborative commerce.

Article

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.