PROACTIS Agrees to A Tri-Party Arrangement for AP Document Processing in APAC

PROACTIS, a global Spend Control and eProcurement solution provider, today announced its commitment to a tri-party arrangement with UXC Eclipse Pty Ltd (UXC Eclipse), the leading provider of intelligent business solutions to the enterprise and mid-market, and Readsoft, a leading global provider of software solutions for Document Automation, to offer the most complete invoice processing software solution for private and public sector organisations in Asia Pacific.

The joint solution from PROACTIS and Readsoft will enable UXC Eclipse customers to receive all purchase invoices, ready to process, from day one in an electronic format for maximum cost savings and faster invoice processing. This arrangement extends the PROACTIS Purchase-to-Pay capabilities to enable every level of invoice automation from manual capture of paper invoices, through document scanning to electronic transmission/receipt and invoice processing.

As one of the leading enterprise resource planning (ERP), financial and purchase software providers, UXC Eclipse is committed to continually offering customers the highest-level of expertise, service and support for their business. This joint solution ensures UXC Eclipse customers are offered best-practice Accounts Payable (AP) and purchasing processes that can cut costs and boost efficiencies, across complex business and IT infrastructure.

"The team conducted an extensive evaluation of the market and selected PROACTIS and Readsoft as offering the most advanced capabilities," said Bradley Stroop, CEO UXC Eclipse. "We can now help customers significantly reduce the cost of invoice processing by offering a unique combination of Accounts Payable document processing and a secure Supplier Portal, which complements our customers' existing ERP solution."

PROACTIS makes it easy for regular suppliers to send electronic invoices directly through the Supplier Portal for invoice processing in its Purchase-to-Pay system. Suppliers can upload invoices in a variety of formats (cXML, BASDA, XML, EDI, CSV) and flip electronic purchase orders to make electronic invoicing easy, fast and accurate. PROACTIS delivers and routes invoices as electronic records safely to the Purchase-to-Pay system, meaning customer can process electronic invoices without any time-consuming manual processes.

Some suppliers may need to carry on sending paper invoices. ReadSoft's invoice processing software automates the processes of scanning, interpreting, and filing of invoice data. No matter how invoices enter the organisation the software will intelligently extract the important information and validate it according to a pre-defined set of rules. To simplify set-up, ReadSoft also offers many different country-specific profiles, programmed with region-specific criteria like GST rates, date formats, and currency characters.

Paul Waylett, CEO of PROACTIS APAC, adds: "I am delighted by the PROACTIS, ReadSoft and UXC Eclipse arrangement. The PROACTIS and ReadSoft solution is by far the APAC's number one choice for Purchase-to-Pay and invoice automation. UXC Eclipse has adopted cutting edge technology, and combined with their great customer service, are in a unique position to help organisations significantly reduce costs and improve efficiencies."

About PROACTIS

PROACTIS is a leading provider of Spend Control and eProcurement solutions. Hundreds of organisations around the world use PROACTIS software and services to streamline and automate processes and obtain best value and control in procurement.

  • Source-to-Contract Solutions: help organisations to automate the full buying cycle from improving the way they find, evaluate and engage suppliers to increasing "on-contract" spending and enabling more effective collaboration with their trading network.
  • Purchase-to-Pay Solutions: enable organisations to streamline the purchase-to-pay process, eliminate labour-intensive manual registration of invoices, speed up invoice matching and approvals and gain control of "after-the-event" purchase claims.

Widely used in mid-to-large sized organisations across private, public and not-for-profit sectors, PROACTIS is routinely integrated with ERP and financial systems. PROACTIS also offers a range of on-premise and cloud-based delivery options, including Software-as-a-Service (SaaS) and dedicated-hosted application delivery, and flexible licensing models.

PROACTIS Group was founded in 1996 and has been listed on the London Stock Exchange since 2006 (AIM: phd). Headquartered in the UK with direct operations in Europe, North America and Asia Pacific,

PROACTIS also has an extensive global partner network. For more information about PROACTIS, please visit www.proactis.com.

About UXC Eclipse

UXC Eclipse is a leading provider of intelligent business solutions to the enterprise and mid-market.

Established in 1991, UXC Eclipse's success has been built by providing the highest levels of service and offering a choice of solutions from leading software vendors. UXC Eclipse also delivers industry-specific (vertical) solutions on the Microsoft platform to meet ERP and CRM requirements. UXC Eclipse's service offerings include applications business consulting & project management, applications development, corporate performance management and business process management. With a team of some 400 people across 14 international offices, in Australia, New Zealand, Fiji and North America, UXC Eclipse is committed to supporting over 1,300 customers. UXC Eclipse is part of the publicly listed Australian IT service provider, UXC Limited.

For more information on UXC Eclipse, please visit: www.uxceclipse.com.au

About ReadSoft

ReadSoft is a leading global provider of software solutions for Document Automation. ReadSoft's software enables companies to automate document processes such as data entry, classification, ERP matching, workflows, e-invoicing etc. The results are faster and less expensive document processing, and increased control. ReadSoft is by far the world's number one choice for invoice automation solutions. Specialised solution labs for SAP, Oracle, Microsoft and Capture processes ensure cutting edge solutions with great customer value. Since the start in 1991, ReadSoft has grown to a worldwide group with operations in 16 countries on five continents and a network of local and global partners. The head office is located in Helsingborg, Sweden and the ReadSoft share is traded on the Nasdaq OMX Nordic Exchange Small Cap list. For more information about ReadSoft, please visit www.readsoft.com.

 


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