Lexmark has expanded its solutions portfolio with a cloud-based invoice processing solution designed specifically for the accounts payable function in small and medium-sized businesses.
ReadSoft Online R8 automates invoice capture and processing, reducing manual data entry and cost-per-invoice processing by as much as 90% and helping to eliminate duplicate or lost invoices.
It can be used to upload invoices to ReadSoft Online, scan paper-based invoices and capture invoices received via email.
Business-critical content is extracted and verified and then automatically routed to an optional approval workflow. Invoice images and data can also be transferred to downstream applications and repositories.
ReadSoft Online R8 integrates with many ERP systems and incorporates business logic with country-specific knowledge to efficiently capture data from vendor invoices. It runs on Windows Azure and offers secure 24/7 availability and access to real-time product updates.
More than 2,700 small and medium-sized businesses already rely on ReadSoft Online to improve their operations and productivity.