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ReadSoft signs invoice automation agreement worth over 360,000 USD with global food manufacturer
By ReadSoft

PRESS RELEASE

A leading global food manufacturer has chosen ReadSoft's SAP-certified invoice automation solution to process paper and electronic invoices throughout its North American accounts payable operations. The agreement is worth $360,000 U.S. and was signed during the third quarter of 2013, and it includes licenses, maintenance, and support.
 
With accounts payable operations decentralized across several North American plants, the company's paper invoices were typically routed among multiple locations, affording minimal visibility and control over invoice processing. As processing bottlenecks became impossible to locate or forecast, invoice costs and cycle times rose. To reduce these inefficiencies, the organization sought an accounts payable automation solution to streamline manual operations enterprise-wide with automated workflows.

As the company aimed to centralize accounts payable operations and standardize invoice processing within its SAP Enterprise Resource Planning (ERP) System, it recognized ReadSoft's unparalleled track record of hundreds of implementations within SAP environments and selected the leading solution provider to spearhead its invoice processing initiative. By automating its invoice processing seamlessly within SAP, the company looks forward to reduced invoice processing cycle times and improved visibility and control over invoices. 

"Time and again, organizations have recognized the need to standardize processing among multiple business units for leaner, more cost – effective operations," says Per Åkerberg, CEO of ReadSoft. "We look forward to playing an integral role in this customer's efficiency strategy and catapulting their invoice processing initiatives to success." 
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