Automated Invoice Processing for Oracle E-Business Suite

Manual invoice handling costs between $15 to $50 to process.  ReadSoft Invoices frees you from this manual handling and automates the invoices workflow.  This increases the efficiency and speed of your invoice processing, reduces data entry errors, significantly reduces labor costs, and allows employees to focus on higher value activities. 

ReadSoft Invoices is 100% integrated and certified with Oracle E-Business Suite. This means that you can automatically verify information about vendors, orders, goods received etc. against Oracle.  At the ultimate level of automation, the invoice is automatically interpreted, verified, validated, and matched against the purchase order. It is ready for payment next time you run your normal payment procedure.

Benefits of Automated Invoice Processing with E-Business Suite 

• Improved control of cash flow and invoices
• Increased control of delivered and invoiced goods
• Improved security
• Decreased manual work
• Shorter total processing time
• Decreased total cost for supplier handling
• Early notification of errors
• All financial information in ONE database - Oracle
• 100% integrated with Oracle E-Business Suite
• NO typing/entering of invoice data needed
• Uses existing E-Business Suite rules and functions
• Always possible to see the image of the invoice
• Full history of all processes – fulfills all auditor requirements
• Survives upgrades of Oracle E-Business Suite
• Complies with Oracle Corporation’s rules and guidelines regarding 3rd party products running on the Oracle E-Business Suite.

How It Works

ReadSoft Invoices automatically captures, interprets and understands information from incoming invoices. Once data has been captured, the software InvoiceIT runs inside Oracle E-Business Suite using the standard Oracle functionality to match invoices against purchase orders. This can be done automatically.

InvoiceIT can also forward invoices electronically for coding and approval. Throughout the process, it is always possible to see the image of the invoice. All handled inside Oracle

With ReadSoft Invoices and InvoiceIT you have a solution based on standard Oracle E-Business Suite components controlled by the Oracle workflow. This means that you keep all data in Oracle E-Business Suite.

	Supplier invoices are scanned and processed by ReadSoft. The supplier invoice is automatically recognized, invoice data extracted (including line items), and presented for a user to verify invoice data prior to updating Oracle AP via Oracle's Open Interface.
	Invoice data and and image of the invoice are automatically made available to Oracle Payables and associated Oracle workflows.
	The image of the invoice is available from the invoice form via Oracle Attachments.
CLICK SCREEN IMAGES TO ENLARGE

Integration and Services

Merkur Group helps you unlock the power of ReadSoft by providing seamless integration into any AP application. Merkur Group also offers specific integrations for PeopleSoft Enterprise and Oracle E-Business Suite along with comprehensive professional services, including installation, integration, training, and customization. Let Merkur Group deliver the convenience, speed, and reliability of automated invoice processing.