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Lexmark Unveils ReadSoft Online R8 for Accounts Payable Processing in the Cloud

Lexmark has rolled out ReadSoft Online R8, a cloud-based invoice processing solution designed specifically for accounts payable functions in small and medium businesses.

The solution provides invoice capture and process automation, and, according to the company, can reduce manual data entry and cost-per-invoice processing by as much as 90% while helping eliminate duplicate or lost invoices.

ReadSoft Online, which runs on Microsoft Azure, integrates with key ERP systems and incorporates business logic with country-specific knowledge to capture data from vendor invoices.

Invoices can be uploaded into ReadSoft Online, or the solution can be used to scan paper-based invoices and capture invoices received via email. After the business-critical content has been extracted and verified, invoice data can be automatically routed to an approval workflow, and invoice images and data can be transferred to downstream applications and repositories.

More information is available about Lexmark enterprise software capture solutions.

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