ReadSoft signs large XBOUND contract worth 1.8 MEUR with leading German BPO company

ReadSoft Germany has reached a significant agreement with a large Business
Process Outsourcing (BPO) company for the insurance market in Germany. The deal
is worth 1.8 MEUR and was signed in the third quarter of 2013. The deal includes
licenses, maintenance and support.
The organization, which serves large insurance companies on the German market,
has purchased ReadSoft’s XBOUND mailroom solution. Previously the BPO company
processed only forms automatically for some of their insurance customers. To
increase efficiency they were looking for a mailroom solution to automate
classification and extraction of all incoming documents, and to enable straight
through processing gaining greater processing efficiencies across the
enterprise. The organization was also seeking a multi-channel solution to handle
paper, fax and email.
After extensive benchmarking the customer chose ReadSoft for its expertise in
multi-channel process automation and for the great benefits of the modular
architecture of XBOUND. The customer also found it very useful in their decision
process that XBOUND allows the use of different technologies to process
documents together with the ability to set up new processes quickly and without
additional programming.
“This significant deal highlights how our solution for BPOs and for insurance
companies can improve their operations, making ReadSoft an attractive business
partner with world leading solutions, says Per Åkerberg, President and CEO of
ReadSoft.”Our flexible solution is set to help; in this case, a large BPO
specialized on insurance processes makes significant efficiency gains and cost
savings. We look forward to helping them to a bright, more efficient successful
future,” finishes Per Åkerberg.
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 September 6, 2013 at 10:00 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 (http://www.readsoft.com/solutions/document-processing) in the cloud
 (http://www.readsoft.com/solutions/document-processing/capture-in-the-cloud)or
on premise. ReadSoft is by far the world’s number one choice for invoice
processing automation (http://www.readsoft.com/solutions/document
-processing/invoice-processing), especially into business systems from
SAP (http://www.readsoft.com/solutions/automation-for-sap) and
Oracle (http://www.readsoft.com/solutions/automation-for-oracle). ReadSoft’s
software enables companies to automate document processes such as accounts
payable processing (http://www.readsoft.com/solutions/by-department/accounts
-payable), and mailroom automation (http://www.readsoft.com/solutions/document
-processing/mailroom-automation). 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