Direct Cost Savings

By automating the data capture  process, savings of 25-75% in labor costs are typical.  Payables personnel only needed to key questionable data.  Personnel can thus be redeployed to more productive areas.  ReadSoft customers with 20,000 or more invoices annually can save at least $100,000 per year.

Lost Discounts Captured

Faster invoice processing speeds the approval process and permits more frequent discount acceptance.

Reduced Errors

Manual keying invariably results in human error.  Even the best personnel will incorrectly key characters 2-4% of the time.  Recognition of printed characters from invoices, while not perfect, is far more accurate.

ReadSoft employs a number of automated validation checks that can include verification of such values as Vendor Number, Purchase Order Number and other detailed invoice fields.

Line Item Input

The cost of keying every line item from an invoice can be extremely high and is therefore frequently omitted.  Automated line item capture is easily accomplished through ReadSoft allowing more intensive processing that can include validation of order quantities and unit pricing.

Tighter Controls

ReadSoft's comprehensive internal tracking and archiving components provide the basis for Sarbanes-Oxley compliant accounting control.

 Return on Investment  | Invoice Processing | Document Imaging and Scanning Services  | Fax to e-Mail