Sheridan Production, a US-based oil and gas production company, has selected Oracle E-Business Suite-certified invoice processing system from ReadSoft, a provider of provider of software for document automation, to automate its accounts payable operations.
ReadSoft and partner Insyte Information assisted the Sheridan team with the accounts payable (a/p) enhancements.
The ReadSoft system has been installed with Sheridan’s Oracle E-Business Suite system to not only automatically capture information from paper invoices but also to utilize ReadSoft’s automated workflow and approval procedures. ReadSoft’s system has reportedly achieved the highest possible product certification with Oracle E-Business Suite.
Tim Blaine, CFO of Sheridan Production, said: With Sheridan’s expected future growth, we needed to have the infrastructure in place to process invoices as timely and efficiently as possible to help minimize costly manual procedures and maximize efficiency of vendor pay. ReadSoft’s solution allows us to better utilize our current staffing with only modest planned increases as we continue to grow.
Bob Fresneda, president of ReadSoft North America, said: When growing companies like Sheridan Production handle accounts payable inside the Oracle E-Business Suite system, they will experience improved control of cash flow and invoices. The ReadSoft and Insyte teams are both pleased that the solution is successfully in production with Sheridan already experiencing the benefits promised.