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Level Up Your Vendor Invoice Management System

A vendor invoice processing management solution that automatically intakes, reviews, adjusts and approves invoices from any channel.
Overview
Overview

Invoice Automation in the Cloud

Kofax ReadSoft Online™ supports your AP function by automating the capture and validation of invoices from any source, in any format. That means lower costs and shorter processing time per invoice. A true multi-tenant SaaS solution, this vendor invoice management solution is monitored around the clock by a dedicated cloud operations team to ensure optimal performance and effortless handling of large changes in document volumes.

Save time with best-in-class cognitive capture for invoices

Save time with best-in-class cognitive capture

Enjoy the labor-reducing benefits of improved extraction rates. Adaptive, artificial intelligence based capabilities improve invoice processing speed and extraction precision.

Streamline invoice processing with workflow automation

Streamline invoice processing with workflow automation

Native workflows ensure proper routing of invoices, enforced approval policies and greater transparency into how processes are executed.

Automate invoice processing with flexibility and broad ERP integration

Automate invoice processing with broad ERP integration

Choose from three ReadSoft Online editions to accommodate unique vendor requirements. All editions integrate with ERP and pay-to-procure market leaders like Microsoft D365 Business Central, Microsoft D365 Finance and Operations, Oracle Financial Cloud, Oracle NetSuite and Coupa Spend Management.

Experience low TCO and fast ROI

Experience low TCO and fast ROI

Leverage existing systems and reduce overhead on hardware that depreciates over time. Achieve ROI quickly and painlessly with simple implementation, comprehensive 24/7 cloud-based support and constant performance monitoring.

Benefits
Benefits

Why Customers Choose ReadSoft Online

Business people work conference and meeting in modern office

Increased data accuracy

Invoice data is extracted using market-leading cognitive capture technology, resulting in more accurate financial data and reduced risk of errors.

Young girl at job working on computer

Robust analytics

Pre-built dashboards provide insight into invoice status and exceptions and provide continuous feedback to further optimize the invoice process.

Professionals business colleagues collaborating and discussing project plans

Improved supplier relationships

Faster, rules-driven invoice processing reduces late-payment penalties while securing early payment discounts and improving supplier relationships.

Team of colleagues brainstorming together while working in office

Reduced IT requirements

Set-up requires no hardware or software investment or time-consuming maintenance, upgrades or updates.

Features
Features

How ReadSoft Online Can Help

Intelligent Line Item Extraction

Machine learning optimizes line item extraction that improves with each invoice processed. The result is highly efficient  2-way (invoice to purchase order) and 3-way (invoice to purchase order and goods delivered) line item matching.

Approval Workflows and GL Coding

Configurable rules-driven approval and exception workflows make for quicker processes. User-assisted GL coding and image storage provides additional capabilities for end-to-end invoice automation.

Multi-Language and Currency Support

Supports a wide range of invoice origin and user interface languages based on over 25 years of global invoice processing experience.

Support for Electronic Invoices

Increase invoice processing extraction rates in XML or PDF files  and reduce manual verification and correction.

Excel Import for Master and PO Data

Use Microsoft Excel to easily import supplier master data and PO data for validation and verification.

Solution providers: expand your market reach

Want to add invoice extraction to your solution? Take advantage of ReadSoft Online as part of your solution. Our OEM team can help in integration and go-to-market planning to drive additional revenue growth.

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Ready to Get Started?

Work Like Tomorrow—today. Let's chat.