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Australian government agency invests $800,000 US in invoice processing

By Nathan Dukes

ReadSoft’s SAP-certified invoice processing solution has been chosen to automate document handling at an Australian shared services government agency.

The agreement is valued at over $800,000 US.

The contract initially covers the processing of more than 300,000 invoices annually.

Due to a non-disclosure agreement with the client, ReadSoft is not at liberty to disclose the name of the Australian government agency who has signed the deal.

ReadSoft can confirm the client is a state government agency, who offers a wide range of corporate services including HR, payroll, procurement and accounts payable, to other government agencies.

Almost all state governments have share services agencies; the SSA exists in Queensland, ServiceFirst in New South Wales and CenITex in Victoria.

According to ReadSoft, the shared services provider was in need of a ‘flexible and technologically advanced solution’, and was looking for ways to improve their invoice processing efficiencies, and ultimately to offer lasting values to their clients,

After an evaluation of several vendors, ReadSoft said they their solution was selected as it best matched and supported the current and future plans of the organisation to automate their document driven processes.

The agency stated that ReadSoft, ‘with its tight SAP integration, solid reference sites, and well proven solution’, came out on top in terms of meeting their requirements.

The ReadSoft’s solution will streamline efficiencies by automating the processing of invoices from arrival to payment – including invoice capture, matching and automated workflow routing and approval processes.

The new solution also incorporates advanced reporting functions, giving immediate visibility into the accounts payable processes.

“Many organisations run ‘Shared Services Centres’ to optimise their organisational functions such as invoice processing and other document driven processes,” says Jan Andersson, CEO at ReadSoft.

“Our solutions are of paramount importance in such an organisation, and we are very pleased that a growing number of public sector organisations are now recognising the values of streamlining their document management through shared services.”

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