UK-based Absoft is working with Total E&P to improve process efficiency, reduce errors and increase invoice ‘visibility’ with the deployment of ReadSoft’s Documents for Invoices (DfI). DfI is an automated invoice scanning solution that reads data from paper invoices and inputs data into accounting systems and invoice approval workflows. In the two months since going live, the system is already matching 40% of Total’s materials invoices with its SAP system first time.
A Total spokesperson said, ‘Total needed an electronic system to facilitate processing and approval of accounts payable invoices via its SAP System. DfI was chosen for its better performance and integration with SAP.’ E-invoicing allows invoice information to be accessed quickly and easily via Total’s intranet, reducing processing time and minimizing the risk of sensitive data being lost through manual error. The solution is also helping to cut Total’s carbon footprint by reducing paper usage. Total’s DfI license is good for up to 30,000 invoices per year.
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