Sandvik Mining and Construction GmbH boosts accounts payable processes with software from ReadSoft
Sandvik Mining and Construction GmbH has decided to optimize its invoice processing in SAP by using ReadSoft’s software. The solution will automate the processing of 40,000 invoices annually at Sandvik’s shared service center in Zeltweg, Austria.
Previously, Sandvik handled invoice registration, allocation, and approval manually. This was challenging since project cycles in the construction industry are long, and a lot of partial invoices from many different countries had to be paid. The complexity of the process and the manual handling often resulted in delays. The ambitious aim is now that every single invoice with a purchase order reference should be processed automatically.
Another plus point of the ReadSoft solution has been the electronic workflow enabling users to approve invoices online. The workflow has been configured to fit Sandvik’s specific approval process.
”It was important for us that the application resides inside SAP. The ReadSoft solution was the most technically advanced product,” says Werner Tiefengraber, project manager at Sandvik Mining and Construction in Austria. “We evaluated other software solutions, but they had many process steps outside of SAP which would require a separate database.”
“We are very pleased to have been selected after an in-depth evaluation by Sandvik Mining and Construction,” says Jan Andersson CEO at ReadSoft. “This agreement is further endorsement of our leading position when it comes to accounts payable automation solutions and I am sure our end-to-end solutions will provide Sandvik with the benefits they are looking for.”
For additional information, please contact
ReadSoft AB
Jan Andersson, President and CEO
Phone: +46 708 37 66 00
Johan Holmqvist, Vice President, Corporate Communications
Phone: +46 708 37 66 77
Email: johan.holmqvist@readsoft.com
Gisela Wehrle, Marketing Manager, ReadSoft Germany
Phone: +49 6102 / 71 62-40
Email: gisela.wehrle@readsoft.com
About ReadSoft
ReadSoft is a leading global provider of software solutions for Document Automation. ReadSoft’s software enables companies to automate document processes such as data entry, classification, ERP matching, workflows, e-invoicing etc. The results are faster and less expensive document processing, and increased control. ReadSoft is by far the world’s number one choice for invoice automation solutions. Since the start in 1991, ReadSoft has grown to a worldwide group with operations in 16 countries on five continents and a network of local and global partners. The head office is located in Helsingborg, Sweden, and the ReadSoft share is traded on the NASDAQ OMX Nordic Exchange Small Cap list. For more information about ReadSoft, please visit www.readsoft.com.
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