ReadSoft Teams With Ariba to Help Companies Maximize ERP Investments
02 März 2010 - 2:30PM
Marketwired
Ariba, Inc. (NASDAQ: ARBA), the leading spend management solutions
provider and ReadSoft, a global document process automation
provider, today announced that ReadSoft will leverage Ariba's
offerings to deliver a comprehensive transaction processing
solution that enables companies to streamline the invoice approval
process and optimize existing investments in enterprise resource
planning (ERP) systems.
"The future of AP invoice processing is clear," said Bob
Fresneda, President of ReadSoft North America. "To achieve maximum
AP efficiency and the cost savings associated with it, companies
must be able to convert paper documents to electronic invoices and
transmit them to back end systems for processing. In teaming with
Ariba, we can provide companies with the tools needed to make this
vision a reality."
Over 6,500 enterprises around the globe automate financial
document processes such as data entry, document classification,
information matching against ERP systems, document workflows,
e-invoicing and more with ReadSoft to achieve faster and less
expensive document processing and increased control. As an Ariba
partner, ReadSoft will leverage Ariba® Network™ in conjunction with
its own supplier invoice data capture (OCR) and conversion
technology to streamline the processing and approval of invoices
across every type of AP transaction, including paper, email, fax,
and portal.
Ariba Network is the world's leading global trading platform.
Over 200,000 companies -- including 94% of the Fortune 100 -- used
Ariba Network to drive more than $114 billion worth of business
commerce in 2009. Through Ariba Network, companies can access all
of the tools needed to increase the efficiency and effectiveness of
the accounts payable and receivable functions and efficiently
discover, connect, and collaborate with a global network of trading
partners -- all on a single platform.
Seamlessly integrating with Ariba Network, the ReadSoft solution
for automated invoicing complements a company's SAP environment,
enabling organizations to optimize investments in ERP
infrastructure. Using the solution, companies can connect directly
to suppliers and eliminate paper at the source, driving both AP
efficiencies and cost savings. In addition, organizations can
deliver increased value to suppliers by providing visibility into
invoice and payment status while already optimizing efficiency,
improving visibility, shortening cycle time and improving control
of both accounts payable and purchasing operations.
"In uncertain economic times, companies need solutions that
drive process efficiencies and savings that positively impact the
bottom line," said Joe Fox, Senior Director, Network and Financial
Solutions, Ariba. "In joining forces with Ariba, ReadSoft is
providing its customers with access to market-leading technology
and a powerful trading network they can leverage to migrate a
greater percentage of their invoice volume from paper to electronic
documents and deliver immediate, measurable and sustainable
results."
About ReadSoft ReadSoft is the global
leader in the development and sales of a complete product platform
for Document Process Automation. With thousands of customers on a
global basis, ReadSoft supports customers and partners in North
America with offices in 7 locations, including the corporate
headquarters in New Orleans, LA.
Established in 1991, ReadSoft was first to bring free form
technology for invoice processing to market and first to achieve
certifications to enterprise resource planning systems such as SAP
and Oracle. ReadSoft has become the global technology leader, with
operations in 16 countries and partners in an additional 70. We are
proud to have the largest and most innovative development
department in the industry, with professional services to assist
customers and partners on a global basis. ReadSoft's vision is to
free businesses everywhere from manual document handling. For more
information please visit www.readsoft.com.
About Ariba, Inc. Ariba, Inc. is the
leading provider of on-demand spend management solutions. Our
mission is to transform the way companies of all sizes, across all
industries, and geographies operate by delivering technology,
service, and network solutions that enable them to holistically
source, contract, procure, pay, manage, and analyze their spend and
supplier relationships. Delivered on demand, our enterprise-class
offerings empower companies to achieve greater control of their
spend and drive continuous improvements in financial and supply
chain performance. More than 1,000 companies, including more than
half of the companies on the Fortune 100, use Ariba solutions to
manage their spend from sourcing and orders through invoicing and
payment. For more information, visit www.ariba.com.
Media Contacts: Karen Master Director, Corporate
Communications Ariba, Inc. 412 297 8177 kmaster@ariba.com Alayne
Pregeant Marketing Manager ReadSoft 504.841.0119
alayne.pregeant@readsoft.com
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