Purchasing Insight

Purchase to Pay, Purchasing & Procurement Process, Electronic Invoicing

Browsing Posts tagged Readsoft

Again, we’re delighted to welcome Simon Shorthose, MD Readsoft UK,  as a guest contributor

Many organisations are currently operating on Oracle Applications Release 12 or are planning to do so in the near future.  With Release 12, Oracle boasts over 2300 new features over Oracle 11i, with over 300 in Oracle Financials. The application has been geared towards enhanced support for shared services, increased operational efficiency and flexibility, faster and simpler period end processing and timely and simplified reporting.

For the finance function, the requirement to eliminate inefficiencies in purchase to pay (P2P) and order to cash (O2C) processes in a central concern. They need better process visibility and compliance; better cycle time; and want to see continual cost reduction. continue reading…

Having experienced the benefits of ReadSoft Accounts Payable Automation for years in parts of their operations, a multinational telecom company based in Europe decided to expand the use of the solution to cover increased volumes of invoices. The agreement concerns invoice processing inside SAP and is worth 300,000 EUR and was signed during the third quarter of 2011. continue reading…

We’re delighted to welcome Simon Shorthose, MD Readsoft UK,  as a guest contributor

If you had to choose one overarching theme that sums up business in recent years it would be the focus on cost reduction. And rightly so, cutting the flab and improving the bottom line, makes sound business sense, and there are many tools in the market that have helped organisations become leaner and more cost effective.

The problem is that whilst achieving cost reduction is a valuable activity in the short term, it invariably fails to quantify original costs or provide the capability to conduct on-going monitoring of processes or give a route to future growth. This is why operational feedback on how a business is performing is so important if a company is to keep ‘on track’ and become smarter, more agile and better aligned with strategies that drive improved business practice, customer relationships and profit. continue reading…

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. continue reading…

The headline interpretation of the impressive results reported by Kofax yesterday is likely to be the impact on their margin that the disposal of the hardware business will have. And it’s true, the relatively high margins in the software business were in the shadow of the less profitable hardware side of the operation so an increase in target margin from 15% to 20% makes sense. But there’s something else in the air and Kofax as well as number of others know it. There are other reasons why they can be optimistic about the future. continue reading…