Automated Invoice Processing for PeopleSoft

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 integrated with PeopleSoft Enterprise. This means that you can automatically verify information about vendors, orders, goods received etc. against PeopleSoft.  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 PeopleSoft 

• 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
• Integrated with PeopleSoft using PeopleSoft's Integration Broker
• NO typing/entering of invoice data needed
• Uses existing PeopleSoft  rules and functions
• Always possible to see the image of the invoice
• Complies with PeopleSoft’s rules and guidelines regarding 3rd party products integrated with PeopleSoft.

How It Works

	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 PeopleSoft AP via PeopleSoft's Integration Broker.
	Invoice data and and image of the invoice are automatically made  available to PeopleSoft Quick Invoice, Regular Voucher, and associated AP workflows.
	The invoice image is available directly from all associated AP screens.  The image can be stored directly into PeopleSoft's attachment structure or in DeliveryWare's archive.
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.