Absoft Forms Software Alliance to Target New Business in O&G Sector

Specialist software consultancy Absoft has formalized a partnership agreement with ReadSoft, a leading supplier of software for document automation, in a strategic move to target new business in the oil and gas sector.

The alliance sees the two companies offering a range of software designed to reduce costs and increase efficiency, primarily in the key administrative areas of invoicing and sales order processing.

Absoft, one of the UK's largest independent SAP consultancies, has just completed the installation of a ReadSoft automated online invoice scanning solution, ReadSoft © DOCUMENTS for Invoices, into offshore operator Total E&P UK's SAP system.

The E-invoicing solution 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. And only two months after implementation Total E&P UK was already matching 40% of materials invoices in its SAP system first time.

Absoft Managing Director Ian Mechie said, "We have worked with ReadSoft for some time now but this agreement takes our collaboration to a new level and opens up significant market opportunities.

"In essence we are combining ReadSoft's proven document automation software in the SAP Purchase to Pay space with our SAP consultancy expertise, creating a proposition to improve process efficiency, reduce costs and enable users of SAP to gain greater business benefits from SAP.

"There is clearly potential to apply this software across the SAP User Base, including the oil and gas industry, higher education and manufacturing, where Absoft already has a broad portfolio of clients."

"ReadSoft is delighted with the developing partnership with Absoft, particularly in the area of integration of our services into SAP installations. Our combined expertise in helping finance departments achieve operational excellence through automation will result in real benefits for our joint customers," said Simon Shorthose, Managing Director for ReadSoft UK.

"Absoft's significant experience across multiple industries can only be complemented by ReadSoft's own history of success in these markets. We look forward to a long and successful partnership."



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