A NSW government shared services provider has embraced ReadSoft’s platform for accounts payable (AP) automation. Hundreds of thousands of invoices per year will be automatically processed by ReadSoft’s SAP-certified solution.

The deal is valued at $A433,000 and was signed during the first quarter of 2011.

Aiming to reduce costly manual work and lengthy time spent on processing invoices, the shared services provider sought out a solution to automate accounts payable (AP) processes in an existing SAP system.

ReadSoft’s extensive experience was cited as one of the main reasons for the win, as well as its ability to run seamlessly within the SAP system, making it very convenient and easy for existing staff with little downtime for learning.

The ReadSoft accounts payable automation solution will streamline efficiencies by automating the processing of invoices from arrival to payment – including invoice capture, matching, and automated workflow approval processes. The solution also incorporates advanced reporting functions, giving immediate visibility into the accounts payable processes.

“Our solutions are no longer limited to private businesses; in fact, the government sector is leading the way when it comes to implementation of such solutions within a shared services environment,” says Jan Andersson, President and CEO, ReadSoft.

“With this positive outlook in the government sector combined with our expertise on the market, we are confident that we will take government services to the next level.”