ReadSoft Online enhanced with end-to-end AP automation and online storage capabilities

Today ReadSoft AB announced it has complemented its well established cloud
offering ReadSoft Online with new functionality that minimizes the workload for
any Accounts Payable (AP) department.
ReadSoft Online enables companies of all sizes to save costs and increase
efficiency, regardless if they run Microsoft Dynamics AX, Sage, NetSuite, or
other major ERP systems. The combination of new workflow functionality, strong e
-invoice support, and online storage of invoices creates a complete cloud-based
solution for end-to-end accounts payable process. Either as a stand-alone
solution or combined with ReadSoft partners’ offerings, the new ReadSoft Online
takes AP automation to the next level.
The new capabilities in ReadSoft Online include master data integration,
automatic coding suggestions, a rule book for triggering approval workflows, and
more. With the introduction of online storage, ReadSoft Online continues on the
path of bringing cloud benefits also to on-premise systems.
“With the new storage functionality we have a great tool to offer to our
partners and customers. The possibility to access stored invoices images in
ReadSoft Online is particularly crucial for on-premise systems, especially in
distributed environments. This might sound like minor for some, but it is indeed
a major enhancement for many systems not currently able to do this. This shows
our commitment to secure that ReadSoft Online works flawlessly both with other
cloud systems as well as on-premises solutions”, says Dan Lundmark, product
manager for ReadSoft Online. “We are excited that ReadSoft Online can now
provide the best possible ROI for companies looking for AP automation solutions,
and broaden ReadSoft’s horizon outside of the SAP and Oracle segments where we
are already leading the market with our on-premises solutions.”
“I am both delighted and exited to see how ReadSoft Online is continuing its
journey and how rapidly this solution has provided value to our partners and our
customers,” says Per Åkerberg, President and CEO of ReadSoft. Åkerberg
continues; “ReadSoft has together with our unique partner network been able to
deliver full AP automation solutions for many years for any ERP, delivering our
own solutions for SAP and Oracle. We are now in a position to deliver full AP
automation to any business regardless of ERP system together with our partners
and independently where we do not have partner coverage. ReadSoft Online is an
easily-deployed cloud-based solution that ReadSoft, as the market leader for AP
automation with worldwide coverage, believes will drive the adoption rate for AP
automation, speeding up maturity, which will consequently increase value for our
customers and our partners.”
ReadSoft Online is designed to help businesses streamline the invoice process by
bringing the power of cloud computing to your fingertips. Users can start
processing invoices immediately via PC, laptop or tablet, with minimal IT
involvement and investment in additional hardware or software. With secured
access to invoices in ReadSoft Online anywhere, anytime accounts payable process
becomes faster and more cost-efficient.
About ReadSoft Online
ReadSoft Online is a cloud-based service for processing invoices regardless of
source and format (e.g. XML, email, paper, image, PDF) enabling businesses to
minimize manual work, reduce process costs and have all the invoices immediately
accessible on the web. Users can view the invoice image on screen and see
detailed information, such as automatically interpreted invoice amounts,
accounting information and more. The use of electronic images reduces paper
waste and turnaround times, as it is no longer necessary to send hard copies via
post or inter-office mail.
Products or service names mentioned herein are the trademarks of their
respective owners.
ReadSoft may be required to disclose the information provided herein pursuant to
the Securities Market Act. The information was submitted for publication on June
11, 2013 at 10:00 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
Michael Henriksson, Vice President, Product and Business Management
Phone: +46 733 37 86 76
Email: michael.henriksson@readsoft.com
Patrik Fältman, Business Line Manager, Purchase to Pay Solutions
Phone: +46 708 37 66 34
Email: patrik.faltman@readsoft.com
Dan Lundmark, Product Manager, ReadSoft Online
Phone: +46 708 37 66 01
Email: dan.lundmark@readsoft.com
About ReadSoft
ReadSoft is a leading global provider of software solutions for document process
automation (http://www.readsoft.com/solutions/document-processing) in the cloud
 (http://www.readsoft.com/solutions/document-processing/capture-in-the-cloud)or
on premise. ReadSoft is by far the world’s number one choice for invoice
processing automation (http://www.readsoft.com/solutions/document
-processing/invoice-processing), especially into business systems from
SAP (http://www.readsoft.com/solutions/automation-for-sap) and
Oracle (http://www.readsoft.com/solutions/automation-for-oracle). ReadSoft’s
software enables companies to automate document processes such as accounts
payable processing (http://www.readsoft.com/solutions/by-department/accounts
-payable), and mailroom automation (http://www.readsoft.com/solutions/document
-processing/mailroom-automation). 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