ReadSoft automates invoice processing at Schenker-Joyau

With 3,250 employees and a turnover of 336 million Euros in 2006, Schenker-Joyau is one of the largest logistics companies in France. Today, all invoices are received at the headquarters in Montaigu and then sent around for approval between the 60 local offices and the Accounts Payable Department. A new French law, called 2006-10, stipulates that invoices should be paid within 30 days or penalties may apply. These requirements are hard to meet with a manual workflow.

"The 2006-10 law encouraged us to move towards an automated and reliable process that could also increase productivity", explains Bernard Scorvidere, IT Manager at Schenker Joyau.

After evaluating the solutions on the market, Schenker Joyau chose ReadSoft DOCUMENTS for Invoices.

"Quality and performance in data capture have been fundamental. This will help us to reduce the manual processing of our supplier invoices", said Bernard Scorvidere

The new automation platform will also mean increased control of the Purchase-to-Pay process since the invoices will be automatically matched against information in SAP on a line item level. The aim is to be in production before the end of June 2007.

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 invoicing process speeds up and employees can devote more time to tasks that take advantage of their individual 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.