Leading developer of aromatic products signs invoice automation deal worth 535,000 USD with ReadSoft

ReadSoft North America has entered into an agreement with an industry leader in
flavor and scent creations to streamline its accounts payable operations with
ReadSoft’s SAP® certified invoice automation solution. The deal is worth 535,000
USD and was signed in the second quarter of 2012.
Challenged with a labor intensive accounts payable process and poor
traceability, this global organization realized a need for an innovative invoice
automation solution with seamless integration into its SAP Enterprise Resource
Planning System. With incoming invoices being keyed in and over 80% of them
requiring matching against purchase orders, their objectives were to eliminate
manual processes, gain visibility and control, and increase efficiency in their
accounts payable operations.
After researching available options in the market, this company chose ReadSoft’s
SAP® certified invoice automation solution over competitive solutions.
ReadSoft’s unsurpassed reputation of thousands of successful implementations
within SAP environments and the offering of solid expertise from resources
solely dedicated to SAP consulting and development were key decision factors. By
automating its accounts payable operations, the company will achieve its goals
of reduced invoice processing cycle times and improved visibility and control
over their accounts payable processes.
“This organization recognized the importance of automating its manual invoice
processes for more cost-effective and efficient operations,” says Per Åkerberg,
President and CEO of ReadSoft. “We look forward to working with them towards the
success of their business by helping them to achieve their invoice processing
goals.”
Within this press release, ReadSoft’s customer in the transaction or co
-operation is not mentioned by name. This is due to the fact that they have
requested to remain anonymous. This is information of the type that ReadSoft AB
(publ) is obligated to disclose in accordance with the Swedish Securities
Markets Act and/or the Financial Instruments Trading Act. The information was
submitted for publication on July 10, 2012 at 14:45 CET.
For additional information, please contact
ReadSoft
AB

Johan Holmqvist, Vice President, Corporate Communications
Phone: +46 708 37 66 77
Email: johan.holmqvist@readsoft.com
About ReadSoft
ReadSoft is a leading global provider of software solutions for Document Process
Automation. ReadSoft’s software enables companies to automate document processes
such as accounts payable processing (http://www.readsoft.com/purchase-to
-pay.aspx), document capture (http://www.readsoft.com/enterprise-capture.aspx),
document sorting (http://www.readsoft.com/software-products/document
-capture.aspx), and order to cash (http://www.readsoft.com/order-to-cash.aspx).
ReadSoft is by far the world’s number one choice for automated invoice
processing (http://www.readsoft.com/software-products.aspx), especially into
business systems from SAP (http://www.readsoft.com/default/sap-solutions) and
Oracle (http://www.readsoft.com/default/oracle-solutions). Since the start in
1991, ReadSoft has grown to a worldwide group with operations in 17 countries on
six continents and a network of local and global partners. The head office is
located in Helsingborg, Sweden, and the ReadSoft share is traded on the NASDAQ
OMX Stockholm's Small Cap list. For more information about ReadSoft, please
visit www.readsoft.com.