ReadSoft Signs Agreement Worth 1.1 MEUR with Global Manufacturer
After a global selection process, a high-end apparel manufacturer has chosen ReadSoft’s (Helsingborg, Sweden) SAP®-certified invoice automation solution to process over a million electronic and paper invoices and other documents in its global shared service center operations. The license, services and maintenance agreement signed is worth an initial 1.1 MEUR and was signed in the fourth quarter of 2013.
The customer is consolidating its operations across many countries into a global shared service center to handle both the volume of invoices processed and multiple other business processes, with the ultimate aim of benefiting from the elimination of manual processing and driving up automation rates in its P2P processes. They are simultaneously moving to a single SAP instance for all global operations. ReadSoft has also provided a platform to handle business documents and information to deliver multi channel process automation.
The desire to centralize back-office operations while maintaining multiple manufacturing locations was the key part of the project. ReadSoft was chosen as the best solution to enable common financial processes both across multiple SAP environments, while moving easily to a single instance and replacing a number of other third party systems as part of the global standardization.
The chosen solutions, ReadSoft PROCESS DIRECTOR for SAP and the ReadSoft platform for multi-channel input management are a modular way to handle not just AP processes but a multitude of business process automation tasks such as delivery notes, sales orders, or remittance advices and provide a platform for automating many core business processes globally.
“Manufacturing is best done where resources and labor are easily and cost efficiently sourced. However, we increasingly see back-office processes being centralized to take advantage of reduced risk, increased control and standardized processes. The key to doing this is to work with a partner who has proven global capabilities. Starting with automated invoice processing, this manufacturer can immediately maximize its existing investments in SAP, whilst reducing invoice processing cycle times and improving control over the finance function,” says Per Åkerberg, President and CEO of ReadSoft.