P2P and SAAS, Spartech takes a new road

ST. LOUIS, US: As part of its shared services initiative, Spartech Corporation has selected the DataServ Purchase-to-Pay (P2P) solution set to automate Accounts Payable processes.

DataServ and Spartech Corporation have entered into a five year agreement under which DataServ will provide P2P Software as a Service + services (SaaS²) to enable the creation of a new Finance Shared Services center. This will result in significantly lower costs for Spartech as well as enhanced financial control and visibility, says a press release.

DataServ automates the Accounts Payable process through full-service Digital Mailroom, high-quality OCR data capture services, processor queues for inbound documents and exceptions, and invoice workflow automation of the approval process through electronic routing. Integration with Oracle will provide users throughout Spartech with one click access to AP documents managed by DataServ.

Robert Byrne, Vice President and Chief Information Officer commented on his company’s decision to purchase the DataServ P2P offering, stating, “Spartech is always on the lookout for technological solutions that will automate our processes, enhance our cost structure, and complement our existing systems by integrating with Oracle. We believe the DataServ P2P solution will accomplish these goals and at a much lower TCO than traditional software. Their depth of experience and the fact that they have P2P best practices embedded into their solution impressed us.”