ReadSoft gets contract extension

US: ReadSoft, a document process automation company, has signed an expansion agreement worth 310,000 EUR to expand document and invoice automation for a UK based global telecommunications provider. The agreement was signed during the fourth quarter of 2011.

ReadSoft has extended an existing four year relationship to accommodate recent centralization activities and increased business demands in Europe for this telecommunications giant. During this period the demand for invoice processing has more than doubled.

The company originally chose ReadSoft to deliver improved efficiencies within the financial function and continues its commitment to automation, expanding capability to process their increasing volumes of documents, as per a press release. To achieve this, the organization is extending the deployment of software, including ReadSoft INVOICES, to automate invoice processing within its SAP environment. Invoices are automatically posted, accounted for and made ready for payment, improving visibility and management on an international basis. By integrating additional document and invoice automation within SAP the telecommunications company is able to eliminate inefficiencies and so retain better process visibility and compliance across borders.

“Every company, no matter the scale, wants to better manage and improve back office processes; to see continual improvement and achieve cost reduction,” says Per Ã…kerberg, President and CEO of ReadSoft. “For organizations operating on a global scale, with any ERP system, ReadSoft is a proven partner that can be relied upon to deliver through the application of its document driven finance process automation,” finishes Per Ã…kerberg.