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News

European Retail Giant Turns to ReadSoft

Tuesday 29 June 2004 11:49 CET | News

One of Europes largest retail groups has made a substantial investment in ReadSofts technology for Document Automation. Aiming to accelerate accounts payable processes, the client will automatically process over a million supplier invoices per year thanks to ReadSofts technology for electronic invoice processing. This is one of ReadSofts largest INVOICES deals so far. The order value is 550,000. This French-based retail company, who wishes to be anonymous at this time, is a major player in France with well-known outlets and a strong list of brand names. The client recently chose to abandon the time-consuming manual handling of supplier invoices and asked their IT department to conduct a thorough benchmark of the invoice-processing solutions available on the market. The benchmark convinced them to invest in ReadSofts patented technology. The INVOICES software will scan, interpret and verify invoices in one of ReadSofts largest installations ever.

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Categories: Payments & Commerce
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Countries: World
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