Accountancy practices looking to provide clients with increased oversight of the Accounts Payable (AP) function can now deploy ReadSoft Online to reduce invoice processing times, improve oversight of cash flow and speed up financial reporting and transparency.

Securely hosted in the Cloud, ReadSoft Online is an invoice automation service that captures and extracts data from invoices, automatically processing them for payment into the most popular accounting software programmes including Sage 50, Exchequer, Netsuite, Microsoft Dynamics AX and an array of other custom accounting packages.

ReadSoft Online transforms the accounts payable function, processing invoices regardless of source and format (paper, image, PDF, email, XML) and providing secure access on the web.  ReadSoft Online automatically matches invoices with purchase orders, flagging up any errors or discrepancies for manual intervention.  Delivering a high level of transparency and control over the AP process, ReadSoft Online removes the risk of fraudulent invoicing and enables any business, regardless of size, to benefit from early payment discounts and avoid late payment penalties.

Accessible from any internet enabled device, ReadSoft Online is always available, automatically backed up and requires no investment in hardware.  ReadSoft Online enables accountancy practices to add more value to traditional service offerings, quickly rolling out invoice automation to clients, reducing manual processing close to zero and saving client’s time and money.  Financial reporting and auditing is significantly simplified by immediate access to relevant information. This leads to increased client loyalty and a more collaborative relationship between firm and client.

Simon Shorthose, Managing Director, ReadSoft UK, comments: “Accountancy firms are constantly looking for ways to enhance their client relationships and ReadSoft Online can transform the Accounts Payable process from a difficult and labour intensive process into a simpler, more effective and far more transparent service.  ReadSoft Online enables Accountancy firms to provide smaller businesses with the finance processes that larger businesses have used for years at an effective and affordable cost.”

ReadSoft Online is available for Accountancy practices across the UK.  Visit http://uk.readsoft.com/readsoftonline for more information.