ReadSoft automates electronic invoice processing at leading UK builders' merchants

ReadSoft automates electronic invoice processing at leading UK builders' merchants Travis Perkins, one of the top three Builders' Merchants in the UK, has selected ReadSoft INVOICES software to reduce the time taken to process paper invoices. The software will automate processing of 600,000 supplier invoices per year, making Travis Perkins the largest INVOICES user in the UK. Travis Perkins selected ReadSoft´s INVOICES software initially to automate the processing of up to 300,000 paper invoices a year. But following the success of the initial project the company is looking to double the number of invoices processed to approximately 600,000 per annum. With 700 outlets, Travis Perkins' continued growth means that an increasing number of supplier invoices are being processed at its headquarters in Northampton, UK. "With this new order Travis Perkins is our largest INVOICES customer in the UK and the company's ability to process increasing volumes of invoices is proof of the flexibility and scalability of our software. The idea behind our offering is to help companies of any size to better manage relationships with suppliers, maximize staff efficiency and costs and achieve quantifiable business benefits. That's what it's all about", says Jan Andersson, Managing Director at ReadSoft. Teresa Barton, Administration Manager at Travis Perkins explains why ReadSoft was chosen for the job: "We were scanning invoices for storage but this only put images onto the system and so staff had to manually key a lot of data. Given the drive for continuous improvement throughout our business we wanted to find a way to automate as much data capture as possible. By automating the process we've been able to improve efficiency and process greater volumes each month, without increasing headcount." What is INVOICES? ReadSoft INVOICES is designed to recognize unstructured invoice documents and capture data such as sender, invoice number and invoice amount from anywhere on the invoice. At the same time, the software checks the data against information in the customer's business system. For more information, please contact ReadSoft AB Jan Andersson, MD ReadSoft Pho: +46-(0)708 - 37 66 00 Olof Engvall, Head of Information Pho: +46-(0)708 - 37 66 70 E-mail: olof.engvall@readsoft.com About ReadSoft ReadSoft' is the world's leading supplier of software for document automation and associated information processing. The company develops and markets a broad range of products based on our own products FORMS, INVOICES and EZ-OUT, and supplementary systems developed for them. 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. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/01/07/20040107BIT20100/wkr0006.pdf