ReadSoft, a global supplier of software for document automation, and Redwood Software, a leader in enterprise report management, recently announced the formation of a strategic marketing alliance to provide a complete end-to-end solution for intelligent document and invoice processing for ERP applications.
This marketing alliance agreement enables the two companies to provide customers with a comprehensive offering which extends the capabilities of ReadSoft DOCUMENTS solutions for information extraction and invoice processing with Redwood Software's Report2Web document archiving and web-based distribution solutions. The combination of ReadSoft DOCUMENTS and Redwood Report2Web delivers a streamlined business process for capturing data from vital business documents and enabling secure archiving and easy access to business-critical information.
One of the key benefits of the Redwood - ReadSoft partnership is an extended invoice automation solution for SAP customers. ReadSoft DOCUMENTS for Invoices is already the most widely used SAP-certified software for accounts payable automation that automatically captures, interprets and extracts information from incoming invoices, validates against purchase orders, and posts information in SAP ERP. Customers using ReadSoft DOCUMENTS for Invoices can now benefit from the context-sensitive document archiving and retrieval capabilities provided by Report2Web for SAP solutions, enabling secure storage and access of specific documents related to the invoicing process.
"This formal partnership is a response to ongoing collaboration between ReadSoft and Redwood Software regarding our complementary technologies," said John Craig, ReadSoft's Director of North American Sales. "While the origination of the agreement is North American, customers across the globe will have access to our integrated solution for document processing."
"The Redwood - ReadSoft partnership provides immediate and lasting business value, especially for our ERP customers, who need world-class solutions for document intensive business processes," said Dennis Walsh, Executive VP, Americas for Redwood Software. "With both organizations focused on increasing efficiency of business transactions within ERP systems, uniting formally with ReadSoft is a step in the right direction."
ReadSoft is the global leader in the development and sales of a complete product platform for Document Automation. With thousands of customers on a global basis, ReadSoft supports customers and partners in North America with offices in 7 locations, including the corporate headquarters in New Orleans, LA.
Established in 1991, ReadSoft was first to bring free form technology for invoice processing to market and first to achieve certifications to enterprise resource planning systems such as SAP and Oracle. ReadSoft has become the global technology leader, with subsidiaries in 14 countries and partners in an additional 70. We are proud to have the largest and most innovative development department in the industry, with professional services to assist customers and partners on a global basis. ReadSoft's vision is to free businesses everywhere from manual document handling. For more information please visit www.readsoft.com
About Redwood Software
Founded in 1993, Redwood Software enables organizations to maximize the value of their IT infrastructure and business information through effective, real-time event-driven process automation, job scheduling and document process automation solutions. Redwood has more than 3200 customer installations worldwide from retail, manufacturing and financial giants listed on the Fortune Global 500 list of the world's largest corporations to community hospitals, universities and other regionally run businesses. Redwood is a global organization with offices in Germany, the Netherlands, the U.S.A, the United Kingdom and Switzerland.
Report2Web is a Web-based document, report and output management solution that enables organizations to securely publish, store and deliver documents online. With no need to modify existing applications, it captures, organizes, and stores documents in a centralized repository, extracts meaningful information, and automates the delivery of personalized content to individuals. Report2Web improves the efficiency and reduces the latency of communications, internally and to external business partners and customers, saving time, money and providing improved information security.