ReadSoft signs agreement with global aerospace leader for invoice automation worth over 420,000 USD

ReadSoft signs agreement with global aerospace leader for invoice
automation worth over 420,000 USD

The North American-based organization has selected ReadSoft's
SAP®-certified invoice automation solution to streamline its accounts
payable operations and enable greater processing efficiencies across the
enterprise. The agreement is worth over 420,000 USD and was signed
during the third quarter of 2011.

This world-leading manufacturing company sought to advance its accounts
payable operations beyond the costly setbacks of labor-intensive manual
processing. With high volumes of paper invoices, the accounts payable
department routinely struggled to locate invoices throughout the payment
cycle. These restraints made it difficult for the staff to track and
process invoices and processing bottlenecks emerged, forcing the company
to routinely miss out on early-payment discounts. 
As the most complete invoice automation solution based on best
practices, ReadSoft's flexible, SAP-certified solution was deemed a
reliable fit to meet the organization's processing needs. With
ReadSoft's end-to-end invoice automation solution seamlessly integrated
into the customer's SAP system, the company can ultimately achieve
faster and less expensive invoice processing and increased control of
financial processes.
“In today's competitive business environment, companies are re-focusing
their attention on invoice processing to uncover hidden costs in their
organizations,” says Jan Andersson, President and CEO of ReadSoft. “This
strategy has proven successful time and again as over 6,500 companies
have turned to ReadSoft to deliver substantial savings in time, money
and manual routine work through automation.”
As follows of this press release, ReadSoft's counterparty in the
transaction or co-operation is not mentioned by name. This is due to
that ReadSoft's counterparty has required to be anonymous.
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 September 14, 2011 at 16:00 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)