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Thursday, September 02, 2010
Thursday, September 02, 2010
Latest Procurement News
Posted: Wednesday, March 03, 2010, 9:37AM
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KNOWLEDGE MANAGEMENT TAGS
"Technology"
ReadSoft and Ariba offer ERP optimisation
Spend management firm Ariba has teamed up with ReadSoft, a document process automation provider, to offer a transaction processing solution designed to streamline invoice approvals and optimise enterprise resource planning (ERP) systems."The future of AP invoice processing is clear," said Bob Fresneda, president of ReadSoft North America. "To achieve maximum AP efficiency and the cost savings associated with it, companies must be able to convert paper documents to electronic invoices and transmit them to back end systems for processing."
As an Ariba partner, ReadSoft will use Ariba Network in conjunction with its own supplier invoice data capture (OCR) and conversion technology to streamline the processing and approval of invoices across every type of AP transaction, including paper, email, fax, and portal.
Integrating with Ariba Network, the ReadSoft solution for automated invoicing complements a company's SAP environment, enabling organisations to optimise investments in ERP infrastructure, according to the two firms. The partners added that, using the solution, companies can connect to suppliers and eliminate paper at the source, driving both AP efficiencies and cost savings. In addition, organisations can improve visibility, shortening cycle time and improving control of both accounts payable and purchasing operations.
"In uncertain economic times, companies need solutions that drive process efficiencies and savings that positively impact the bottom line," said Joe Fox, senior director, Network and Financial Solutions, Ariba. "
Procurement Tag - Technology
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