ReadSoft Introduces PROCESSIT Auditor For Oracle E-Business Suite At Oracle OpenWorld

ReadSoft launched the expansion of its AP Automation solutions for Oracle E-Business Suite at Oracle OpenWorld in San Francisco, CA today with the release of PROCESSIT Auditor. As an application monitoring invoice lifecycle activity, Auditor is an investigative tool designed to provide insight into possible fraud & non-standardized processes throughout the life of an invoice.

With PROCESSIT Auditor, users gain visibility to inspect segregation of duties associated with the roles and functions taking part in invoice processing activities throughout the invoice lifecycle. The application allows process managers to easily detect when the same user role has performed activities that may present regulatory compliance or internal process violations. Users also have the ability to inspect multiple invoices across a particular timeframe, focus on a single invoice, and download reports based on their findings for broader inspection and collaboration. Designed to facilitate the investigation of business activities, PROCESSIT Auditor ultimately helps detect non-standardized or fraudulent business processes that may otherwise significantly cost organizations.

"Today's marketplace is driving companies to reduce costs and maintain efficient performance levels without compromising strong controls and compliance," said Bob Fresneda, President of ReadSoft North America. "This latest addition to our solutions for the Oracle product line makes it easy for our customers to maintain best practices in preventing fraud which in effect yields greater efficiencies and a stronger ROI."

"In developing PROCESSIT Auditor, we knew fraud detection to be inextricably linked with invoice processing performance," said Rowland Archer, President of ReadSoft's Oracle Solutions Lab. "Today, ReadSoft's Oracle-certified invoice automation solution is outfitted to detect potential fraud and simultaneously ensure even timelier discrepancy resolutions and invoice approval delays."

Visit ReadSoft at Oracle OpenWorld in booth #1727 to explore how PROCESSIT Auditor can provide improved visibility & control over your end-to-end invoice process.

About ReadSoft:
ReadSoft is a leading global provider of software solutions for Document Process Automation. ReadSoft's software enables companies to automate document processes such as accounts payable processing, document capture, document sorting, and order to cash. ReadSoft is by far the world's number one choice for automated invoice processing, especially into business systems from SAP and Oracle. Since the start in 1991, ReadSoft has grown to a worldwide group with operations in 17 countries on five continents and a network of local and global partners. ReadSoft supports customers and partners in North America with offices in 7 locations, including the corporate headquarters in New Orleans, LA. For more information, visit www.readsoft.com.

SOURCE: ReadSoft