A solution for intelligent scanning, handlingand approvals for supplier invoices

September 20, 2007

Why ReadSoft’s InvoiceIT

In today’s competitive market customers require document automation,

flexibility and cost reductions beyond what their ERP can provide

ReadSoft can help you go further with Oracle E-Business Suite

Do you remember why you selected Oracle and the E-Business Suite ?

State-of-the-art technology stack – Built to work together or separately but together they are fully integrated. No unequal upgrades – coherence from top to bottom.

Open data structure

Future proof technology – Continuous upgrades and new functionality

Do you remember why you selected Oracle and the E-Business Suite ?

Flexibility – no need for coding/customization, changeable without re-implementing

Staying Power – long term value

Complete Suite – covers every aspect of your business

Low Total-Cost-of-Ownership

ReadSoft’s InvoiceIT is the only integrated, end-to-end scalable solution for handling supplier invoices…and it extends the value of the Oracle E-Business Suite with

the lowest total cost of ownership.

Runs inside the Oracle E-Business Suite Re-uses the set-up already there Does not require any integration or customization Can be implemented in less than 2 months Is the only one certified by Oracle Corp. Gives you ROI in weeks – not months

PO Invoice

CompanySupplier

Invoice Non-PO Invoice

Scanning

Archive Payment Approval & accounting

Supplier

Business process

Paper

PDF

Capture & understand

FAX

Data hub e-Invoice

With ReadSoft All data is kept in one place – the Oracle database You still have all your financial information in one place No integration needed Uses existing e-Business Suite rules, set-up and functions 100% secure approval No integration to maintain No effect on your existing e-Business Suite, support or

ability to upgrade Always able to view the image of the invoice at any step in

the process Full history of all processes – fulfils all auditor requirements

Improvements in the following areas

No more typing and entering of data No manual handling of paper and physical forwarding Filing and retrieval PO invoices can be matched automatically Total overview and control

Live Demonstrationis available upon request

Contact Robert Marsh, EchoVera

(403) 249-3143 robert.marsh@echovera.com

A Customer Story 12 Locations 1,000+ approvers 80,000 supplier invoices per year Process time 30+ days 5% of received supplier invoices disappear

during the approval process Average cost of manual handling one invoice US$135

With InvoiceIT they saved US $5.8 M the first year

ReadSoft Customer Sampling

Head Office Subsidiaries Partners

Global representation …

… with highly competitive backing Global market leader The industry’s largest development group Local high quality support in 70+ countries Thousands of installations worldwide All industry standards adopted Publicly traded