ReadSoft automates invoice processing at Spanish insurance company
Santalucía is one of the major players in the insurance sector in Spain. They have now decided to automate their invoice handling in order to improve processes within their SAP® system. To achieve this, they have chosen ReadSoft DOCUMENTS for Invoices to process the 40,000 invoices they receive every year.
With a ¤921 million turnover, Santalucía is the biggest insurance company in Spain within the areas Life, Family Care, and Home Insurance. Each year, Santalucía protects and insures more than 7 million people. For a company of Santalucía's size, it is crucial to be able to process supplier invoices in an efficient way. Consequently, they started to look for a solution which could automatically process their incoming invoices inside their SAP® system.
"It was a long process. We were comparing solutions for several months to be sure that we got the strongest and most complete solution on the market. Finally, we chose ReadSoft's Invoices business solution for SAP®. It guaranteed a seamless integration with our ERP system together with high-quality professional services," says José Abellán Collado, Finance Area Manager at Santalucía.
Until now, the Finance Department at Santalucía processed all their paper invoices manually. This was very time-consuming and prevented staff from doing more valuable tasks. From now on, this process will be quicker and more efficient. Paper invoices will be scanned and ReadSoft's INVOICES product will capture the data automatically. INVOICE COCKPIT will integrate the captured information into Santalucía's SAP system and WEB CYCLE will create a workflow for automatic approval of invoices. Thus, the manual tasks will be reduced to a minimum and the whole process will be carried out with better control and accuracy.
"This is a very important project for us on the Spanish market. Santalucía is one of the most important companies in the insurance sector in Spain and their decision to choose us strengthens our position as the leading supplier of invoice automation software for SAP®," says Jan Andersson, President and CEO of ReadSoft.
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.
------------------------------------------------ For additional information, contact --------------------------------------- ReadSoft AB Jan Andersson, CEO Phone: +46 708376600 Jonna Opitz, Vice President Corporate Communications Phone: +46 733378668 email@example.com
ReadSoft is a world-leading supplier of software for document automation. The company develops and markets a complete software platform for document automation under the name of ReadSoft DOCUMENTS. The vision is to release businesses around the world from handling documents manually. Since starting in 1991, ReadSoft has grown to a worldwide Group with offices in 16 countries in Europe, North America, South America and Australia, as well as a large number of local and global partners. The head office is in Helsingborg, Sweden, which - along with Stockholm - also houses the Group's main research and development unit. The ReadSoft share is traded on the Nordic Stock Exchange Small Cap list. Find out more about the company at www.readsoft.com