Readsoft signs $312,000 invoice deal with investment house

Readsoft signs $312,000 invoice deal with investment house

A leading global investment fund management company that manages billions of dollars worth of clients’ funds has chosen to automate its invoice processing with ReadSoft. The invoice automation deal is worth 312,000 USD and was signed during the second quarter of 2011.

The North American-based company offers institutional and intermediary clients and individual investors complementary asset management disciplines including growth and risk-managed strategies. The company’s decision to automate its invoice processing with ReadSoft came due to discussions with successful ReadSoft customers in North America and ReadSoft’s strong solution features and excellent reputation in the this particular application.

Manual work and time spent on processing invoices are often expensive and cumbersome. With ReadSoft’s solution, these processes are automatically performed with minimum human intervention. Invoices are automatically captured and collected on arrival from different locations and in different paper and electronic formats. They are then matched to any purchase order, distributed, and sent for approvals using an automated workflow. According to independent analysts, invoice processing automation can save millions of dollars a year for a large company.

“We are delighted to be able to help this leading investment fund manager to improve efficiency and save costs in their invoice processing,” says Jan Andersson, President and CEO of ReadSoft. “We have proven this for thousands of other customers so we are confident we can help them achieve their business goals, which means the project will be success for all involved.”