READSOFT ONLINE – INTELLIGENT AP AUTOMATION FOR SMART ACCOUNTANTS - Top Stories news and analysis from Global Banking & Finance Review
Top Stories

READSOFT ONLINE – INTELLIGENT AP AUTOMATION FOR SMART ACCOUNTANTS

Published by Gbaf News

Posted on April 4, 2014

2 min read

· Last updated: December 3, 2018

Add as preferred source on Google

Introducing ReadSoft Online for Accountancy Practices

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.

Cloud-Based Invoice Automation Features

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 – Intelligent Ap Automation For Smart Accountants

Readsoft Online – Intelligent Ap Automation For Smart Accountants

How ReadSoft Online Streamlines AP Processes

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.

Key Benefits for Remote and Flexible Access

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.

Expert Insights on ReadSoft Online Adoption

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.

Key Takeaways

  • ReadSoft Online is a cloud-based SaaS solution that automates invoice capture and extraction regardless of format.
  • It integrates seamlessly with major accounting and ERP systems such as Sage 50, NetSuite, Dynamics AX, and others.
  • By automating AP processes, ReadSoft Online reduces invoice processing times, enhances transparency, and minimizes fraud and late‑payment risks.
  • No hardware investment is required; the solution is always accessible online, with automatic backups and updates.
  • Accountancy firms can deploy ReadSoft Online to offer clients enterprise‑grade AP automation affordably, improving reporting and client loyalty.

References

Frequently Asked Questions

What formats of invoices can ReadSoft Online process?
It processes invoices in any format—including paper, image, PDF, email and XML formats.
Which accounting or ERP systems does it integrate with?
It integrates with popular systems like Sage 50, Exchequer, NetSuite, Microsoft Dynamics AX, and various custom packages.
What are the benefits for small accountancy practices?
They can reduce manual processing to near zero, save time and costs, improve cash‑flow oversight, simplify reporting and auditing, and enhance client relationships.

Tags

Related Articles

More from Top Stories

Explore more articles in the Top Stories category