ReadSoft's
SAP-certified invoice processing solution has been chosen to automate document
handling at an Australian shared services government agency.
The
agreement is valued at over $800,000 US.
The
contract initially covers the processing of more than 300,000 invoices
annually.
Due
to a non-disclosure agreement with the client, ReadSoft is not at liberty to
disclose the name of the Australian government agency who has signed the deal.
ReadSoft
can confirm the client is a state government agency, who offers a wide range of
corporate services including HR, payroll, procurement and accounts payable, to
other government agencies.
Almost
all state governments have share services agencies; the SSA exists in Queensland, ServiceFirst in New
South Wales and CenITex in Victoria.
According
to ReadSoft, the shared services provider was in need of a ‘flexible and
technologically advanced solution’, and was looking for ways to improve their
invoice processing efficiencies, and ultimately to offer lasting values to
their clients,
After
an evaluation of several vendors, ReadSoft said they their solution was selected
as it best matched and supported the current and future plans of the
organisation to automate their document driven processes.
The
agency stated that ReadSoft, ‘with its tight SAP integration, solid reference
sites, and well proven solution’, came out on top in terms of meeting their
requirements.
The
ReadSoft's solution will streamline efficiencies by automating the processing
of invoices from arrival to payment - including invoice capture, matching and
automated workflow routing and approval processes.
The
new solution also incorporates advanced reporting functions, giving immediate
visibility into the accounts payable processes.
“Many
organisations run 'Shared Services Centres' to optimise their organisational
functions such as invoice processing and other document driven processes,” says
Jan Andersson, CEO at ReadSoft.
“Our
solutions are of paramount importance in such an organisation, and we are very
pleased that a growing number of public sector organisations are now recognising
the values of streamlining their document management through shared services.”
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