Invoice Automation Solutions
Invoice automation solutions are being used by thousands of cost-conscious and effective organizations around the world.
Through invoice automation and scanning, these organizations can:
- Increase efficiency in their invoice processing.
- Decrease costs for invoice processing.
- Get a highly automated accounts payable process which speeds up payment times.
- Send and receive E-invoices to become even more automated
Invoice automation solutions- economical and ecological
Invoice automation and scanning will not only affect your bottom line, it will also spare the environment by using less paper and transports. If you start using e-invoicing, you will reduce even more waste.
Invoice automation, e- invoicing, and scanning - How it works
Invoice automation requires all information to be digitized. Through scanning, paper invoices are turned into a digital image from which the invoice automation software can extract information.
Through e-invoicing, you can also receive electronic invoices, straight into the invoice processing software (or send E-invoices to your customers).
The invoice automation solution matches the invoice information against a purchase orderin your ERP system. If there is a complete match, the invoice is posted for payment in a fully automated process. If no purchase order exists, it is routed to the correct person for further processing.
Invoice automation makes it possible for you to follow and track your invoice processing. You can spot bottlenecks early and get a complete audit trail of your automated process (enabling compliance with legislation such as the Sarbanes Oxley Act)
Invoice automation, scanning, and e-invoicing - the benefits
- Invoice automation solutions are faster and less expensive than manual handling.
- Invoice automation solutions gives you better control over your AP cycle.
- Invoice automation gives your staff time to focus on productive tasks.
- Scanning will make all your documents digital for easy search and retrieval.
- E-invoicing will speed up your invoice processing solution even further (since all invoices arrive in perfect, electronic format.)
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Invoice automation for SAP
SAP invoice automation
has been one of ReadSoft's expertise areas since 2001 when ReadSoft was the first SAP invoice automation company to become certified for invoice automation into the mySAP ERP business suite (then called R/3). Today, ReadSoft has more mySAP invoice automation customers than the rest of the market combined.
SAP invoice automation - how it works
SAP invoice automation begins with scanning an invoice or receiving it in electronic format. ReadSoft's SAP invoice automation software thereafter extracts information from the invoice and automatically matches this information against a purchase order in the mySAP ERP financials business suite.
If the invoice matches the purchase order in mySAP ERP, the invoice can be automatically posted for payment. If there are any errors on the invoice, or if it is a general expense invoice, it is routed to the correct person in the financials department for allocation and approval.
SAP invoice automation should be handled inside the mySAP ERP environment
ReadSoft's software for SAP invoice automation is fully integrated with mySAP ERP and financials clerks can work inside their familiar mySAP ERP suite environment.
The benefits of automating SAP invoice automation
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SAP invoice automation will become faster when using software to extract and match invoice information against the mySAP ERP financials suite.
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SAP invoice automation become automated enabling financials staff to focus on more rewarding tasks.
- SAP invoice automation will be more precise and better controlled with an automated process.
- SAP invoice automation will comply with legislation such as SOX, since you will have a complete audit trail.
ReadSoft's Invoice automation software runs inside your SAP system using your standard setups and configurations. The integration is fully endorsed and approved by SAP.
The most widely used software for invoice automation for SAP
ReadSoft DOCUMENTS for Invoices is the most widely used software for invoice automation in SAP in the world. ReadSoft Customers include Sony, Porsche, ThyssenKrupp, Siemens, BP, Lockheed Martin and hundreds more..
Getting your invoices into the SAP system
There is a reason why SAP is one of the most widely used business systems in the world. When it comes to handling logistics, financial flows and other business critical information, there are simply very few systems that measure up to SAP. However efficient your SAP system may be, one bottleneck still remains - getting your invoices into the system.
This invoice automation is often painstakingly manual, involving an excessive number of staff who key in information by hand instead of high speed scanning, automated ocr technology and automated invoice automation.
SAP Certified Partner
ReadSoft has been a SAP Certified Partner since 2001, and was the first invoice automation company to receive this certification.
INVOICE COCKPIT and WEB CYCLE SAP integrated invoice automation software are "SAP-certified integrations," the highest level of SAP-certification, and they are also "Powered by SAP Netweaver."
Solid SAP expertise
With hundreds of SAP invoice automation installations around the world, ReadSoft has more SAP invoice automation expertise and experience than the rest of the market combined. Indeed, many of ReadSoft's invoice automation technicians and project managers have a background in core development of SAP.
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| ReadSoft | Invoice automation summary |