SOURCE: ReadSoft North America

September 04, 2007 10:45 ET

Green Mountain Power Implements ReadSoft's Solution for Oracle E-Business Suite

NEW ORLEANS, LA--(Marketwire - September 4, 2007) - Electric utility company Green Mountain Power serves 92,000 customers in Vermont and is now in production with ReadSoft's Oracle-certified accounts payable automation solution. The company is committed to continuously improve its environmental performance, and so was attracted to a business solution that will reduce paper and provide a more electronic procedure.

"We chose ReadSoft because they are a one-stop shop," stated Jan Ferro, Green Mountain Power's Purchasing Manager. "There is no middleware with ReadSoft; their imaging and workflow components are certified by Oracle to run inside Oracle. There is a definite ease of use with this product as all screens look just like Oracle screens we are familiar with. There was a comfort level from day one by our team with the ReadSoft solution."

Jan Ferro was the driving force behind the purchase of the imaging and workflow automation software. Ferro was first introduced to ReadSoft at the Oracle OpenWorld conference in October 2006. "As I watched a demo over someone's shoulder at OpenWorld," said Ferro, "I was amazed at how similar it looked to the distributions screen in the purchasing module we are familiar with in Oracle E-Business Suite. I was ready to buy right there!"

The company went into production as scheduled with ReadSoft's assistance in their 55-day implementation. According to Ferro, the company is planning to take payment discounts they were not previously taking advantage of, as well as reduce the phone time spent on vendor complaints. In addition, the majority of their top vendors now send PDFs, rather than paper invoices, thus saving the amount of paper being used.

"Since ReadSoft DOCUMENTS for Invoices business solution is 100% integrated with Oracle E-Business Suite, customers like Green Mountain Power are given the ability to automatically verify information about vendors, orders, and goods received against Oracle," said Bob Fresneda, President of ReadSoft North America. "We are pleased to work with Green Mountain Power as the company realizes these benefits and strives to lower overall invoice processing costs and provide a 'green' environment."

About Green Mountain Power:

Green Mountain Power (www.greenmountainpower.biz) is an electric utility owned by Northern New England Energy Corporation, a wholly-owned subsidiary of Gaz Métro, a leading Québec energy company with a long history of investment in Vermont. Green Mountain Power transmits, distributes and sells electricity and utility construction services in the State of Vermont in a service territory with approximately one quarter of Vermont's population. It serves approximately 92,000 customers.

About ReadSoft:

ReadSoft is the global leader in the development and sales of a complete product platform for Document Automation. With thousands of customers on a global basis, ReadSoft supports customers and partners in North America with offices in 7 locations, including the corporate headquarters in New Orleans, LA.

Established in 1991, ReadSoft was first to bring free form technology for invoice processing to market and first to achieve certifications to enterprise resource planning systems such as SAP and Oracle. ReadSoft has become the global technology leader, with subsidiaries in 11 countries and partners in an additional 70. We are proud to have the largest and most innovative development department in the industry, with professional services to assist customers and partners on a global basis. ReadSoft's vision is to free businesses everywhere from manual document handling. For more information please visit www.readsoft.com.

Contact Information

  • For more information, please contact:

    Dorothy Schnure
    Green Mountain Power
    Manager of Corporate Communications
    802.655.8418
    Email Contact

    Alayne Pregeant
    Marketing Manager
    ReadSoft
    504.841.0119
    Email Contact

    Bob Fresneda
    President
    ReadSoft
    504.841.0111
    Email Contact