Readsoft's ready reckoner for invoice automation

March 5, 2009: An on-line tool launched by ReadSoft aims to provide help for anyone seeking to develop a business case for Invoice Automation.

Accessible at www.readsoft.com.au/roi/index.htm, the interactive on-line tool allow companies to assess the potential value of Accounts Payable (AP) automation to their organisation.

It provides finance professionals with a simple means to to benchmark their current AP practices, identify areas for improvement and accurately assess recognised and unrecognized invoice processing costs.

Readsoft also offers an online “Discovery” workshop to provide an on-site analysis of current AP processes, pain points and costs, and identifies process change through automation, cost savings and ROI.

Readsoft believes that in these harsh economic times, companies should keep focus on the potential to achieve massive savings through improving process flows.

Accounts Payable is often wrought with manual and inefficient processes that cause huge delays and become very costly to the organisation.

Readsoft claims many organisations often don’t understand the cost impact of inefficient processes and don’t know where to start, or how to accurately calculate their process costs and, as a consequence, have never investigated ways in which to reduce these costs.

The on-line tools and 4-step process developed by ReadSoft has been designed to make it simple and easy for AP professionals to work through. At the end of the process they are provided with a business plan and all the necessary information to present to stakeholders.

Comment on this story.