View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
October 10, 2008updated 06 Sep 2016 2:58pm

ReadSoft to process UK transportation firm’s invoices

ReadSoft, a provider of software and services for document automation, has signed a deal with a UK-based public transportation company. The value of the agreement is E390,000 and the major part of this is licenses.

By CBR Staff Writer

According to ReadSoft, the agreement covers the processing of approximately half a million invoices annually. The ReadSoft system will automatically process invoices within the customer’s Oracle system, the firm added.

This public transportation company has selected Oracle E-Business suite as its business system several years ago. The company also wanted to improve its accounts payable processes by extending the financial system to automatically read and process supplier invoices.

In order to reduce overall accounts payable costs and to streamline the three-way matching process, the company was looking for an automated invoice processing solution. The ReadSoft system offers business value, enabling better use of employees, information and improved security, said RedSoft.

Jan Andersson, president and CEO of ReadSoft, said: As an internationally recognized leader in invoice automation, we understand the challenges felt by accounts payable departments like the one at this company. Over a long period of time we have consistently demonstrated a focus on achieving value to this customer – including a proof of concept which highlighted a need to address other areas of their business. This proved to be a key factor in closing this deal.

Content from our partners
Green for go: Transforming trade in the UK
Manufacturers are switching to personalised customer experience amid fierce competition
How many ends in end-to-end service orchestration?

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.