Oracle ERP invoice processing

Oracle ERP (Oracle E-Business Suite) is one of the world’s most widely used ERP systems. ReadSoft can offer an invoice processing solution which integrates with Oracle ERP. Our Oracle ERP integration will provide you with:

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 Oracle ERP through a seamless integration.

ReadSoft’s invoice processing solution can automatically match information against data in Oracle ERP. If there is a perfect match between the invoice and the purchase order in Oracle ERP, the invoice can be posted for payment automatically. No one even has to see the invoice.

The integration between ReadSoft’s invoice processing solution and Oracle ERP also includes an electronic workflow. The image of the scanned invoice is always available and users can approve and reject invoices with a click of the mouse.

ReadSoft’s invoice processing solution is 100% integrated with Oracle ERP using your familiar Oracle ERP look and feel.

The benefits

The integration between ReadSoft’s invoice processing solution and Oracle ERP enables you to do invoice processing faster using less staff. You will also get a complete invoice processing workflow for your Oracle ERP system which enables you to speed up invoice processing even further and gain better control.

Consequently, ReadSoft’s invoice processing solution for Oracle ERP gives you:

• Faster and less expensive invoice processing
• Better control of your invoice workflow
• Leverage to your Oracle ERP investment
• A complete audit trail which enables you to better comply with legislation such as the Sarbanes Oxley Act (SOX)

Implementing invoice processing into Oracle ERP

ReadSoft has a Research & Development department solely dedicated to Oracle ERP development. These Oracle ERP-experts have developed the connection between the data capture (OCR/Scanning) software capturing the invoices and Oracle ERP. These experts will be with you every step of the way throughout the Oracle ERP implementation.

Oracle ERP certifications

ReadSoft is an Oracle Certified Partner and our Oracle ERP integration was the first invoice processing solution to receive the “integrates with Oracle E-Business Suite” status.

ReadSoft has more Oracle ERP expertise and experience than the rest of the market combined. With a well-proven Oracle ERP project process, including pre-study, project planning and project implementation, you will be guided all the way through the Oracle ERP 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.”