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ABSTRACT:
Investing in a support system for future growth, the frozen foods industry leader began to see significant results in its AP processing. With ReadSoft's solution implemented, Rich Product's AP function was centralized, with complete visibility of liabilities. Discount capture rates climbed from an average of 71% to 92% in the first quarter of 2009. The sluggish cycle time of invoice approvals was reduced by 50%, as the solution simultaneously increased the number of invoices processed by 27%. With new product developments and strategic acquisitions, Rich Products will continue to grow with ReadSoft's dynamic accounts payable processing supporting its success.
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