Major automotive parts manufacturer chooses ReadSoft in 1.1 MEUR invoice processing project

ReadSoft Germany has reached an agreement with a significant German
-headquartered company that manufactures automotive parts. ReadSoft will provide
an invoice-processing solution in an agreement worth 1.1 MEUR including
licenses, implementation, maintenance and support. This is one of the largest
deals in ReadSoft’s history. The deal was signed in the third quarter of 2012.
The company will use ReadSoft’s PROCESS DIRECTOR for Accounts Payable solution
as well as the add-on to process EDI invoices - rolling out to their
international operations where millions of invoices are processed every year.
ReadSoft was the manufacturer’s preferred option to automate invoice processing
due to its superior seamless integration into the SAP system. ReadSoft has
extensive experience and competence within the automotive sector where a high
percentage of EDI invoices are processed.
As the company aimed to standardize accounts payable operations in multiple
countries, it recognized ReadSoft’s unparalleled track record of hundreds of
global implementations within SAP environments and selected the leading solution
provider to spearhead its invoice processing initiative. By automating its
invoice processing seamlessly within SAP, the company looks forward to reduced
invoice processing cycle times and improved visibility and control over
invoices.
“The fact this prominent company chose ReadSoft highlights our strength in
helping the automotive sector improve their accounts payable operations. We have
shown once again that we are the leading option for this industry,” says Per
Åkerberg, President and CEO of ReadSoft.
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 July 16, 2012 at 11:30 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
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.