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ReadSoft And Ariba Partner On ERP Investments
By Mike Sachoff
Staff Writer
Article Date: 2010-03-10
On-demand spend management solutions provider Ariba and global document process automation provider ReadSoft, announced today that ReadSoft will leverage Ariba's offerings to offer a comprehensive transaction processing tool that allows companies to streamline the invoice approval process and optimize existing investments in enterprise resource planning (ERP) systems.
"The future of AP invoice processing is clear," said Bob Fresneda, President of ReadSoft North America.
"To achieve maximum AP efficiency and the cost savings associated with it, companies must be able to convert paper documents to electronic invoices and transmit them to back end systems for processing. In teaming with Ariba, we can provide companies with the tools needed to make this vision a reality."
Over 6,500 enterprises around the globe automate financial document processes such as data entry, document classification, information matching against ERP systems, document workflows, e-invoicing and more with ReadSoft to achieve faster and less expensive document processing and increased control.
Integrating with Ariba Network, the ReadSoft solution for automated invoicing complements a company's SAP environment, enabling organizations to optimize investments in ERP infrastructure. Using the solution, companies can connect directly to suppliers and eliminate paper at the source, driving both AP efficiencies and cost savings. In addition, organizations can deliver increased value to suppliers by providing visibility into invoice and payment status while already optimizing efficiency, improving visibility, shortening cycle time and improving control of both accounts payable and purchasing operations.
"In uncertain economic times, companies need solutions that drive process efficiencies and savings that positively impact the bottom line," said Joe Fox, Senior Director, Network and Financial Solutions, Ariba.
"In joining forces with Ariba, ReadSoft is providing its customers with access to market-leading technology and a powerful trading network they can leverage to migrate a greater percentage of their invoice volume from paper to electronic documents and deliver immediate, measurable and sustainable results."
About the Author:
Mike is a staff writer for WebProNews. Visit WebProNews for the latest ebusiness news.
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