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ERP System Invoice Processing |
ERP systems such as mySAP ERP or Oracle E-Business Suite are incredibly efficient when handling financial, flows, logistics and other business critical information. But when it comes to invoice processing, the procedures and workflow routines are often painstakingly manual. ReadSoft can offer an invoice processing solution which integrates ERP systems such as Oracle or SAP (and most other ERP systems on the market). O ur ERP integration will provide you with:
Automated data entry (scanning/OCR)By scanning incoming paper invoices, ReadSoft's state-of-the-art OCR software can extract information such as invoice number, addresses, amounts and all line items. The scanning software then exports all data to the ERP system through a seamless integration. ReadSoft has specialized integrations for both SAP and Oracle. Automated data verification against the ERP systemReadSoft's invoice processing solution can automatically match information against data in
your ERP System. If there is a perfect match between the invoice and the purchase order in the ERP system, the invoice can be posted for payment automatically. No one even has to see the invoice inside the
ERP System. Workflow for approving invoices inside the ERP systemThe integration between ReadSoft's invoice processing solution and the ERP system also includes an electronic workflow. The image of the scanned invoice is always available and users within the workflow can approve and reject invoices with a click of the mouse.
ReadSoft's invoice processing solution is 100% integrated with mySAP ERP and Oracle E-Business suite using your familiar SAP or Oracle look and feel.
The benefits The integration between ReadSoft's invoice processing solution and the ERP system enables you to do invoice processing faster using less staff. You will also get a complete invoice processing workflow for your ERP system which enables you to speed up invoice processing even further and gain better control.
Consequently, ReadSoft's invoice processing solution for ERP Systems gives you:
Implementing an invoice processing into SAP or OracleReadSoft has Solution Labs solely dedicated to ERP system integration. We have one Solution Lab for Oracle integrations and one Lab for SAP integrations. These ERP System experts will be with you every step of the way throughout the ERP system implementation.
Certifications ReadSoft is an Oracle Certified Partner and our ERP system integration was also the first invoice processing solution to receive the "integrates with Oracle E-Business Suite" status.
For SAP, ReadSoft is a certified partner and our integration is "Powered by SAP NetWeaver."
ReadSoft has more Oracle and SAP expertise and experience than the rest of the market combined. With well-proven project processes for ERP integration, including pre-study, project planning and project implementation, you will be guided all the way through the SAP or Oracle invoice processing project.
The bottom line There have been several studies on the cost differences between manual document processing and a automated invoice processing solution. Although the results differ, the difference is always surprisingly large. The Aberdeen Group writes: "… the average cost of $34.8, is down to $12.51 with electronic invoice processing." |
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Copyright (c) 2008 ReadSoft. All Rights Reserved
Automated Invoice Processing TerminologyAutomated Invoice Processing | Accounts Payable Automation | SAP Invoice Processing | Accounts Payable | Oracle Invoice Processing | AP Automation | ERP System Invoice Processing | Workflow | Invoice Processing | EDI | E-Invoice | Accounting Software | Billing Software | Claim Processing | Claims Processing | Claims Management | Electronic claims | Invoicing Software | Order Processing | Purchase Order Processing | XML | Oracle Consulting |
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