Multinational telecom giant automates more invoices with

Multinational telecom giant automates more invoices with ReadSoft
through extended agreement worth 300,000 EUR

Having experienced the benefits of ReadSoft Accounts Payable Automation
for years in parts of their operations, a multinational telecom company
based in Europe decided to expand the use of the solution to cover
increased volumes of invoices. The agreement concerns invoice processing
inside SAP and is worth 300,000 EUR and was signed during the third
quarter of 2011.

ReadSoft software automatically captures, interprets, and understands
information from incoming invoices. Once data has been captured, it is
automatically matched and verified against SAP. If there is an exact
match between the document and the information in SAP, it can be
approved automatically.
In addition to an increased volume of invoices processed, the extended
agreement with this telecom company also includes ReadSoft's MOBILE
APPROVAL - an add-on to the electronic workflow that allows users to
approve or reject invoices on the fly.
“It's very gratifying to see that more and more of our large,
multinational clients choose to expand the use of ReadSoft solutions for
business process automation”, says Jan Andersson, President and CEO at
ReadSoft. “And in this day of increased mobility, we also see more
organizations taking full advantage of the flexibility of our system, by
accessing it via web or mobile devices.”
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 October 17, 2011 at 15:30 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)
Multinational telecom giant automates more invoices with ReadSoft through extended agreement worth 300,000 EUR

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