ReadSoft 2006

Brian HrabovskyOracle SpecialistDeniz Kuypers

Western Regional Manager

Best-in-class companies report 91% lower invoice processing cost… are you one of them?

ReadSoft 2006

Top Pain Points in the AP Process

ReadSoft 2006

Accounts Payable Automation

ReadSoft 2006

There are ways to get financial data into Oracle EBS without manual keying

Time and money can be saved by automating the P2P process

Automation includes:– Capturing the image and the data– 2-way & 3-way matching – Exception handling– Invoice coding and approvals

Strengthen the four pillars of Accounts Payable:– Efficiency– Cycle time– Control– Visibility

Learning Points

ReadSoft 2006

What Is the Vision for AP Optimization?

Leverage best practices in Accounts Payable Centralized receipt of invoices, regardless of

format (scan, fax, email) Leverage existing Oracle infrastructure and

business rules Auto matching capability PO-based invoices Improve cycle times with integrated

workflow/account coding Leverage early pay discounts Centralized visibility, control and reporting

ReadSoft 2006

Typical Results of Process Optimization with ReadSoft

Reduction of manual data entry is generally 50 – 75% Cycle time can be reduced to 2 – 4 days More visibility and control of processes, outstanding

liabilities and cash flow Significant time savings due to less time spent:

– handling vendor calls– resolving issues– verifying non-PO information– chasing down approvals, etc.

Average Return on Investment of 6 – 12 months

ReadSoft 2006

Market Share - Global leader of AP process efficiency– End to end solutions for financial processes– 6,000 customers around the globe– 3,500 customers using our financial solutions for Accounts Payable– Processing over 400 million financial documents annually– Wider range of customers by volume

Legitimacy - Data Capture & workflow solutions are – Fully Oracle-certified– Seamless integration with Oracle EBS

Security– Established in 1991– Publicly Traded– 485 Employees in 16 Subsidiaries– $85 Million Annual Revenue

ReadSoft Leadership in the Automation of Financial Processes

ReadSoft 2006

Thoroughly tested and approved by Oracle Operates inside your familiar Oracle environment

using standard interface and workflow Oracle continues to support your EBS

implementation as well as continuing to guarantee the security of your Oracle environment

– ReadSoft solutions have ZERO impact on your current or future Oracle support agreements

An Invoice Optimization Solution Certified by Oracle

ReadSoft 2006

ReadSoft’s Global Presence

ReadSoft 2006

Customer Success Stories Vodafone

– Processed 50% more invoices in 2nd month after implementing ReadSoft

Kellogg’s– 50% of PO-based invoices go from Scan to Post untouched

Green Mountain Power– Enabled to take early payment discounts, greatly reduced

vendor calls, and majority of top vendors are now enabled to send PDFs instead of paper

Alcan– Significant reduction in manual processing, data entry, filing

and retrieval; majority of PO-based invoices automated Sheridan

– 3-month installation, including testing and go-live; able to negotiate significant discounts; able to process more invoices with fewer people; able to report in real-time on vendor spend

ReadSoft 2006

CompanySupplier

Payment

Supplier

PO Invoice

GE Invoice

Archive Approval & Accounting

Business Process

Invoice Scanning Paper

PDF

FAX

XML

Capture & Understand

Solution Overview

ReadSoft 2006

Why ReadSoft? 19 years of experience with installations around the

globe Largest customer base and market share in the

industry Only end-to-end solution provider for OCR + workflow Solution certified by Oracle Corp. and resides inside

EBS Bottom-line impact:

– Cost of manual keying eliminated– Cost and time of validation dramatically reduced– Cost of archiving reduced– Cost of late payment penalties eliminated– Early payment discounts available

ReadSoft 2006

Thank you!