UNIPETROL Group will be approving invoices using solution from IXTENT

Prague, 1st of September 2011 - IXTENT announced today signature of an agreement with UNIPETROL Group for delivery of financial documents digitalization and approval solution based on ReadSoft software platform, namely SAP Invoice Cockpit Suite.

The solution will cover a total of 7 companies. Its implementation was decided primarily due to teh expected costs reduction and streamline of internal support processes within the Group. Other project goals include accelerating approvals of incoming financial documents, instant access to document archive for all responsible employees and allow concentration of qualified capacity only to financial issues instead of unnecessary manual activities. In the next phase of the project it is planned to extend the solution with approval of purchase order requests and purchase orders, providing a comprehensive solution covering the entire procure-to-pay process.

"We appreciate the decision of UNIPETROL expressing confidence in our ability to deliver comprehensive solution for financial documents processing in a relatively tight time schedule", said Roman Knapp, Sales Manager of IXTENT. "The concept of ReadSoft platfrom, as a fast implemented pre-configured product, gives us and the customre full confidence that all expectations will be met and perhaps even surpassed."

UNIPETROL

UNIPETROL Group associates a number of petrochemical companies in the Czech Republic. Group companies are engaged in the production and sale of refined products, chemical and petrochemical products, polymers, fertilizers and specialty chemicals. The Group also operates its own transport services and funds its own research and development. UNIPETROL Group is a leading refining and petrochemical company in the Czech Republic and a major player in Central and Eastern Europe. More up to date information about the group and the individual companies are available on the website www.unipetrol.cz.