Major conglomerate in Asia chooses ReadSoft in 670,000 USD invoice processing project

ReadSoft Asia has reached an agreement with a significant Asian company that has
interests in various industries. ReadSoft will provide an invoice processing
solution in an agreement worth 670,000 USD including licenses, implementation,
maintenance and support. The deal was signed during the fourth quarter of 2012.
The company will use ReadSoft’s PROCESS DIRECTOR for Accounts Payable solution
in their Shared Service Centers, supporting their international operations where
it is projected that millions of invoices will be processed every year once
rollout is completed. ReadSoft was the company’s preferred option to automate
invoice processing due to its superior seamless integration into the SAP system.
ReadSoft has extensive experience and competence working with many Shared
Service Centers in the region.
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.
“Since more than 20 years, we have partnered with companies to replace paper
-driven inefficiencies with automated routines that foster growth across
Accounts Payable departments and Shared Service Centers by allowing them to
process greater invoice volumes while reducing costs,” says Per Åkerberg,
President and CEO of ReadSoft. “We have once again shown that we are the leading
option for any format and set-up of invoice processing projects.”
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 January 2, 2013 at 15:00 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
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.