Nordic insurance company signs agreement with ReadSoft worth 3.0 MSEK

ReadSoft, the world leader in Document Process Automation solutions, has
received an order worth 3.0 MSEK from an insurance company that has chosen to
invest in ReadSoft’s document platform XBOUND. The order means that the
insurance company implements ReadSoft’s platform for its Nordic business and
thereby consolidate a fragmented IT-environment into a single platform. The
agreement was signed in the fourth quarter of 2012.
ReadSoft’s platform creates unprecedented opportunities for companies to model,
manage, monitor and streamline their document and business processes. The
customer chooses, in connection with the agreement, to implement the platform in
all their Nordic offices where they handle document related processes.
“We help the customer to reduce document processing times by consolidating their
document handling environment to a single platform. This creates several
significant internal efficiencies and benefits their end-customers in the form
of shorter lead times,” says Per Åkerberg, President and CEO of ReadSoft.
With ReadSoft’s platform companies quickly identify potential bottlenecks in
their document handling processes and can take appropriate measures to increase
productivity. That means both more efficient production processes and faster
response times to customers, which is something that is increasingly important
in industries where customer service has emerged as a key competitive weapon.
“The insurance industry handles large volumes of documents and companies that
decide to automate their document handling can increase their efficiency with
relatively simple actions. We see a large interest from the Swedish players for
this kind of tool,” says Charlotte Darth, Managing Director of ReadSoft Sweden
AB.
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 November 8, 2012 at 13:00 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
ReadSoft Sweden AB
Charlotte Darth, Managing Director, ReadSoft Sweden AB
Phone: +46 733 37 86 04
Email: charlotte.darth@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.