Under the terms of the deal, ReadSoft is set to leverage Ariba’s offerings to deliver a transaction processing solution that enables companies to streamline the invoice approval process and optimize existing investments in enterprise resource planning (ERP) systems.
ReadSoft provides financial document processes automation services for data entry, document classification, information matching against ERP systems, document workflows and e-invoicing for over 6,500 enterprise customers. As an Ariba partner, ReadSoft will leverage the 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.
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