Puig Beauty & Fashion Group in Spain chooses ReadSoft to automate their invoice processing

Puig Beauty & Fashion Group (Grupo Puig), one of the main manufacturers and distributors of perfumes, cosmetics and luxury goods in Spain, has chosen to implement a new Document Automation system from ReadSoft. The system will automate the capture and handling of paper invoices and integrate into the customers existing SAP system. The new solution will process more than 100,000 supplier invoices per year.

Automating the handling of paper invoices has been a very important objective for Grupo Puig who constantly strives to standardize and improve corporate processes. The new ReadSoft system, which has been running since September 2006, automatically scans invoices and captures all the relevant information. It also integrates this information into Grupo Puig’s SAP system and offers an electronic workflow and archive.

With the implementation of ReadSoft’s solution, Grupo Puig will have an automatic system that digitizes and automates the processing of more than 100,000 paper invoices from different suppliers. This will allow the company to substantially improve their document management. Moreover, employees will have one single repository for all invoice information, which will permit quick access to the digitized invoices. The new system will also save Grupo Puig a lot of space and paper.

“We are excited about this deal. Group Puig is a major brand in Spain and a valuable reference within the SAP segment in the country. We hope to further grow our relationship with this group as well as with other SAP users in the region,“ says Jan Andersson, President at ReadSoft.

About Grupo Puig
Puig Beauty & Fashion Group is a multinational group whose activity is based in the perfumery, cosmetics and fashion sectors. At present, their products are distributed in over 150 countries via a network of 40 subsidiaries. With more than 5,000 employees in 24 countries, Puig has 10 manufacturing centers producing perfumery and cosmetics, as well as three creative centers for fashion. Net sales in 2005 amounted to 926 M€. For more information: www.puig.com

ReadSoft DOCUMENTS for Invoices
More than ten years of experience with electronic invoice processing has produced the most powerful and by far the most popular (2,000 clients) system on the market. ReadSoft DOCUMENTS for Invoices is a highly profitable investment for just about any business. Fully implemented electronic invoice processing lowers costs by 25-50%. Meanwhile, the process speeds up and employees can devote more time to tasks that correspond to their particular skills. ReadSoft DOCUMENTS for Invoices captures, reads and classifies all incoming formats, whether paper or electronic. The solution, which is customised for simple linkage to leading international enterprise systems, is certified for both SAP and Oracle.

ReadSoft AB
Jan Andersson, President/CEO
Pho: +46-(0)708 - 37 66 00
Jonna Opitz, Vice President, Corporate Communication
Pho: +46-(0)708 - 37 86 68
E-mail: jonna.opitz@readsoft.com
More about ReadSoft on www.readsoft.com

About ReadSoft
ReadSoft is the world’s leading supplier of software for Document Automation. The company develops and markets a complete product platform for Document Automation named ReadSoft DOCUMENTS. The vision is to free businesses everywhere from manual document handling. Since its founding in 1991, ReadSoft has developed into a global group with 11 subsidiaries in Europe, North and South America and Australia, and a large number of local and global partners. ReadSoft is headquartered in Helsingborg, Sweden, and its primary R&D facility is in Stockholm. ReadSoft has been listed on the Stockholm stock exchange since 1999. For more information please visit www.readsoft.com

About Us

ReadSoft is the worldwide market leader in the development and sales of forms processing software, that is, software for the automatic registration and interpretation of data on forms and invoices in paper or electronic format.


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