Membership Level: Platinum

PROCESSIT

 Readsoft AB

Readsoft AB
Sodra Kyrkogatan 4,
Helsingborg,   252 23
Sweden

Solution Summary:

ReadSoft's solution for invoice automation in Oracle E-Business Suite gives you improved control over your Accounts Payable process, reduced Purchase to Pay costs, a fully electronic flow, and enhanced reporting and business intelligence.

Solution Profile:

Automated invoice capture and approval with ReadSoft software gives you an end-to-end electronic workflow and a faster, less expensive and more accurate invoice process. All inside your Oracle E-Business Suite system.

ReadSoft INVOICES automatically captures, interprets, and understands information from incoming invoices. Once the data has been captured, ReadSoft PROCESSIT automatically matches the data against purchase orders in Oracle E-Business Suite, so that the invoices are ready for payment the next time you run your normal payment procedure.

Since ReadSoft’s solution is integrated 100% with Oracle E-Business Suite, you can automatically verify information about vendors, orders, goods received, etc. against Oracle. The software can also forward invoices electronically for coding and approval. Throughout the process, it is always possible to see the image of the invoice.

PROCESSIT is based on standard Oracle E-Business Suite components controlled by the Oracle workflow. This means that all data is kept within Oracle E-Business Suite.
Invoice automation enables you to save 25-50% on your invoice processing costs.

Distinguishing Features:

ReadSoft's solution for invoice automation in Oracle E-Business Suite is designed to improve the overall performance of financial, workflow, order, and general business administration systems and is capable of handling any number of invoices from any number of suppliers.

PROCESSIT version 7.2 and above are supported with Database 11g R2, Weblogic 11g R1, Linux 5.5. or 6,, Oracle Exadata Database Machine, Oracle Exalogic Elastic Cloud and Oracle SuperCluster.

Solution Details
Solution Availability NA
Industries Non-Industry Specific
Company Size Solution is Targeting 101 - 500
Open Source Solutions No

Oracle Exastack Optimized

Oracle Exastack Ready
Oracle Exadata Ready
Oracle Exalogic Ready
Oracle SuperCluster Ready
Oracle Solaris Ready
Oracle VM Ready
Oracle Database Ready
Oracle WebLogic Ready
Oracle Linux Ready

Related Initiatives
Business Process Automation and Reporting

Whitepapers
White Paper


 Readsoft AB

Readsoft AB
Sodra Kyrkogatan 4,
Helsingborg,   252 23
Sweden

ReadSoft PROCESSIT for Invoice Automation
ReadSoft PROCESSIT automates invoice processing, approval and exception handling for Oracle E-Business Suite R12 and 11i, streamlining your processes and maximizing your ERP investment.

Invoices are sorted, archived, and automatically matched to purchase orders in Oracle.  Any exceptions and non-PO invoices are routed to appropriate employees for GL account coding or approval via an easily understandable interface.  Users are advised of pending tasks via notifications or email.

PROCESSIT reduces invoice processing cycles and document routing costs, while increasing the possibility for discounts and for avoiding late payment fees.

Additional PROCESSIT features include built-in monitors of system processes, UI-driven configuration, and optional modules to increase supplier collaboration, mobile approval management and fraud detection capabilities to facilitate Accounts Payable audits.

PROCESSIT runs on Oracle’s Fusion Middleware, ensuring compatibility with your company’s IT strategy.  The solution can be delivered as a ready to deploy virtual machine, complete with all components installed and pre-configured.  PROCESSIT’s integration with E-Business suite has been validated by Oracle, providing customers with the confidence that the integration between products has been tested and validated as functionally and technically sound.

About ReadSoft
ReadSoft was founded in 1991 and is a global provider of document process automation software and cloud solutions. We have 7500+ customers, and over half of them use ReadSoft to automate their invoice processing.
Fifteen ReadSoft subsidiaries are engaged in selling, installing and supporting the software solutions. You will find ReadSoft offices in Australia, Benelux, Brazil, Chile, Denmark, Finland, France, Germany, Malaysia, Norway, Poland, Spain, Sweden, Switzerland, UK, and USA, and ReadSoft partners in 70 additional countries.

ReadSoft is an Oracle partner and a OAUG (Oracle Applications Users Group) Star Partner.

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