Accounts Receivable Management Featured Article

South Africa's Shared Services Center will use ReadSoft Solutions for Accounts Payable

October 11, 2012

Document process automation solutions provider ReadSoft South Africa has reportedly reached an agreement with a South African governmental shared services center to provide an accounts payable automation solution worth 235,000 EUR including licenses, implementation, and maintenance. The deal was signed during the third quarter of 2012.

ReadSoft creates software that helps companies automate their document processes, including sorting documents, entering data into computers (from paper or electronic documents), matching documents against information in an ERP system and approval workflows.

According to the terms of the agreement, the shared services will use ReadSoft’s Process Director as its accounts payable solution to streamline the center’s invoice processing in SAP (News - Alert). The center has opted for further functionality with the company’s Mobile Approval solution for invoice approval via mobile phones, and the company’s Reporter solution to help improve end-to-end reporting. By automating its invoice processing seamlessly within SAP, the shared services center expects to be able to reduce overheads for supplier service, better end-to-end visibility, as well as maximized efficiency with mobile capabilities.

“We are delighted to be making an impact in the African market and notably in the government shared services sector,” said Per Åkerberg, president and CEO of ReadSoft , in a statement announcing the agreement. “We strongly believe that our solutions continue to stand out as the leading option for SAP users. It is also exciting to see this company choosing to maximize their time and cost reductions by selecting the Mobile Approval and Collector add-ons,” he added.




Edited by Brooke Neuman

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