Global manufacturing company invests 375,000 USD in

Global manufacturing company invests 375,000 USD in ReadSoft's solution
for invoice automation

A company specializing in identification solutions and specialty
products has selected ReadSoft's SAP-certified invoice
automation (http://www.readsoft.com/purchase-to-pay/accounts_payable.asp
x) solution to streamline its accounts payable process worldwide. The
company will implement the solution in three phases to accelerate its
processing of paper and electronic invoices inside SAP. The deal was
signed during the fourth quarter of 2010.

This world-leading manufacturing company sought an invoice
automation (http://www.readsoft.com/purchase-to-pay/accounts_payable.asp
x) solution to eliminate the costly supply chain setbacks associated
with manual invoice processing, such as limited visibility and control
over invoices and lengthy invoice processing cycle times. Due to
ReadSoft's tight integration into SAP and unrivaled expertise in global
implementations, the organization selected ReadSoft to lead its
multi-phased invoice automation project.  
“As companies strive to maximize their working capital in a tough
economic climate, we offer them a unique opportunity to leverage
existing business frameworks and achieve their objectives with a strong
ROI,” says Jan Andersson, President and CEO of ReadSoft. “This customer
is on its way to securing more streamlined, cost-effective operations
and we look forward to the rewarding journey ahead as we help them
achieve more with less.”
This information is such that ReadSoft AB (publ) is to publish in
accordance with the Swedish Securities Markets Act and/or the Financial
Instruments Trading Act. The information was submitted for publication
on December 30, 2010 at 11.30am CET.

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)
Global manufacturing company invests 375,000 USD in ReadSoft's solution for invoice automation

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