1.  ReadSoft Looking to streamline your Oracle payables process?

2.  ReadSoft Learning Points n Ways to get financial data into Oracle without manual keying n Time and money can be saved by automating n Automation includes: – Capturing the image and the data – 2-way & 3-way matching – Exception handling – Invoice coding and approvals n Best practice concepts n Enable the four pillars of Accounts Payable: – Efficiency – Cycle time – Control – Visibility

3.  ReadSoft Data Capture for Process and Transaction Management ReadSoft in a nutshell n Innovator since 1991 n 420 employees n Covers four continents n 16 subsidiaries n 5000 customers in 70 countries n The leading supplier with 16 percent of the international market OsloStockholm Helsingborg Copenhagen London Frankfurt Paris Madrid New Orleans Santiago São Paulo Sydney Wroclaw Helsinki About ReadSoft

4.  ReadSoft San Diego Phoenix San Fransisco Chicago Atlanta New Orleans Boston Philadelphia North American Headquarters n Fastest growing subsidiary since 2004 n 670 customers n 350 AP installations n 55 employees Regional Offices ReadSoft presence in North America CANADA

5.  ReadSoft n Thoroughly tested and approved by Oracle n Operates inside your familiar Oracle environment using standard interface and workflow n Oracle continues to support your EBS implementation as well as continuing to guarantee the security of your Oracle environment – ReadSoft solutions have ZERO impact on your current or future Oracle support agreements n Supports Oracle automatic version upgrades n Enables the four pillars of Accounts Payable optimization – Efficiency, cycle time, control, visibility The First AP Optimization Solution Certified by Oracle

6.  ReadSoft Number one in Invoice Process Optimization n Invented automatic invoice capture technology in 1997 n The longest and widest expertise in the business n The most installations worldwide (over 2500) About ReadSoft

7.  ReadSoft n Accounts Payable Manager: – Eliminate inefficiencies in the invoice process – Need better process visibility – Need better payment cycle time – Need more time for root cause analysis n Oracle / Information Technology: – Simple to administer and upgrade – Fits corporate Oracle IT strategy n Corporate Management: – Lowest possible cost outlay – Visibility and control of liabilities – Accounting accuracy – Audit-ability and SOX compliance What are the business issues that are driving Oracle Accounts Payable automation?

8.  ReadSoft The Typical Oracle Accounts Payable Environment Mailroom Code Approve Buyer AP Clerk GR Vendor Check Requests Stamped, Coded & Approved On Paper Hand keyed into Oracle Processed & Sorted Hold Post to Oracle Sufficient Data?2or 3 way match? Days/Weeks go by Yes No Emails Phone Calls Folders Status Calls Many Inefficiencies No Visibility Low Control Long Cycle Time $$$$ Non-PO Invoices

9.  ReadSoft Best Practice Concepts n Centralize invoice receipt – Centralize control n Establish imaging early in the AP process – Complete & early visibility – Eliminate redundancies – Enable up-front duplicate checking – Enable data capture and eliminate hand keying (both header and line items) – Leverage images for automated data entry, sorting and workflow n Intercept invoices and post before Accounts Payable – Match and auto-post invoices where possible – Auto-route invoice exceptions and those requiring approval w/workflow n Leverage workflow and extend to all users – Use Oracle data validation to ensure accuracy n Leverage analytical data to manage and improve processes – Spot trends and process bottlenecks – Root cause of specific problems (buyers, vendors, resort offices)

10.  ReadSoft Optimizing AP with ReadSoft Business Solutions for Oracle Scan Code Approve Buyer AP Clerk Back- ground OCR GR Vendor Check Requests PO BasedNon-PO Post to Oracle Auto route? Yes CodingApprovals Match ? No Exception Handling Yes No Review Archive

11.  ReadSoft Typical Results of Process Optimization n Reduction of manual data entry is generally 50 – 75% n Cycle time can be reduced from weeks to 2 – 4 days n More visibility and control of processes, outstanding liabilities and cash flow n Significant time savings due to less time spent: – handling vendor calls – resolving issues – verifying non-PO information – chasing down approvals, etc. n Average Return on Investment of 6 – 12 months

12.  ReadSoft Thank You! Questions?? Margaux.Lenoir@ReadSoft.com