A higher degree of automation at Siemens
The ReadSoft effect on: Siemens
Solution: Accounts payable automation for SAP
Segment: Industrial
Country: Germany
After a thorough evaluation process, the Siemens Industrial Solutions and Services Group in Germany has installed ReadSoft’s technology for electronic invoice processing. ReadSoft’s software now scans and interprets incoming invoices and also integrates with Siemens’ SAP-system for authorization and workflow. ReadSoft automates the processing of 3.5 million invoices a year.
Optimized internal process
Before deciding on which supplier to use, Siemens carried out a tough benchmark. ReadSoft’s technology was compared to 10 other solutions on the global market. After evaluating best performance and usability, Siemens decided to go with ReadSoft. The ReadSoft solution has already been integrated with Siemens’ SAP R/3 Business System and recently went live at Siemens’ site in Erlangen, Germany.
“We wanted to reach a higher degree of automation. Now we can move away from manually typing in invoices at various offices in favor of a centralized and automated invoice process in Erlangen. ReadSoft had no overly ambitious visions but outlined a very solid and attractive solution, offering real value and optimized internal processes. We anticipate the return on investment to be one year and our new ReadSoft solution has been awarded the title ‘Best Practice software installation’ within Siemens,” says Uwe Fischer, Manager of the supplier bookkeeping at Siemens.
About Siemens IS
Siemens Industrial Solutions and Services Group is a worldwide supplier of products and services for manufacturing industries as well as for infrastructure. Siemens I&S combines industry-specific IT-competence and service know-how. They employ 28,400 people worldwide and have a turnover of €4,480 billion.