Leading retail company in Spain invests 560,000 EUR in ReadSoft's invoice processing solution within SAP®

Leading retail company in Spain invests 560,000 EUR in ReadSoft's
invoice processing solution within SAP®

ReadSoft has been chosen to install its SAP®-certified solution for
invoice
processing (http://www.readsoft.com/software-products/invoice-processing
-automation.aspx) inside SAP® at one of the largest retail companies in
Spain. In the first phase, ReadSoft's solution will help the group to
automate their supplier invoices, and from there the agreement is
expected to be expanded to other companies within the group. The invoice
processing agreement is valued at 560,000 EUR and the deal was closed
during the third quarter of 2010.

This ReadSoft customer, with stores all over Spain, has just gone live
with their SAP installation. For that reason, they wanted to have the
latest technology to optimize their accounts payable processes within
SAP which pointed them to ReadSoft's world-leading invoice
processing (http://www.readsoft.com/software-products/invoice-processing
-automation.aspx) solution in SAP. ReadSoft's SAP-certified solution
will enable the customer to speed up their invoice processing while
improving exception handling and payment accuracy.
ReadSoft's invoice
processing (http://www.readsoft.com/software-products/invoice-processing
-automation.aspx) solution was chosen because it met all the customer's
business requirements and needs. More than 50 companies in Spain are now
using ReadSoft's SAP integrated-solution, which makes ReadSoft Spain's
leading company for automating document processes within SAP.
“The agreement with this important retail company consolidates ReadSoft
as the reference company for invoice processing within SAP,” says
Antonio García, Managing Director of ReadSoft Spain. “We have been
selling and installing our solution in all kinds of SAP environments in
Spain and Portugal for almost ten years and our experience and knowledge
is an added value for our present and future customers”, finishes
Antonio García.
“ReadSoft's solutions deliver value to all sorts of companies and
industries. This time it is a large retail group that will benefit from
more optimized, time-saving, and cost-efficient processes using our
SAP-certified solutions, says Jan Andersson, President and CEO at
ReadSoft. “With this deal, we continue to position ourselves as the
leading company for invoice processing solutions on the Iberian
Peninsula”, concludes Jan Andersson.

For additional information, please contact
ReadSoft
AB                                                                      
                                  
Jan Andersson, President and
CEO                                             
Phone: +46 708 37 66 00
Johan Holmqvist, Vice President, Corporate Communications
Phone: +46 708 37 66 77
Email: johan.holmqvist@readsoft.com (johan.holmqvist@readsoft.com)