Global services company automates invoice processing with ReadSoft through agreement worth 460,000 USD

The U.S. 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
460,000 USD and was signed in the third quarter of 2013 and includes licenses,
maintenance and services.
This leading services company suffers with a completely manual invoice process
where invoices are scanned at regional offices and sent to its corporate
headquarters as email attachments. Each day, AP clerks receive hundreds of
invoices at various email inboxes, which are subsequently printed, hand-keyed
into SAP and stored in file cabinets onsite. With such a paper-intensive invoice
process in place, the company aimed to simplify its AP operation and eliminate
duplicate work with an invoice automation solution seamlessly integrated into
its SAP Enterprise Resource Planning (ERP) System.
The organization deemed ReadSoft a reliable fit to meet its processing needs due
to the AP automation market leader’s strong record of customer testimonials and
successful end-user experiences with its SAP-certified invoice automation
solution. With ReadSoft’s flexible solution seamlessly integrated into the
customer’s SAP ERP system, the company looks forward to a more streamlined
invoice process with greater visibility & control.
“In this case, it is clear how decentralization, coupled with high-volumes of
paper, can cause costs to stack up within companies’ back-office operations,”
says Per Åkerberg, President and CEO of ReadSoft. “But with our strong North
American automation implementation expertise, this company can maintain
successful operations across remote locations with centralized, automated
invoice processing functionality to run a smoother, more cost-effective AP
process in the long-run.”
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 October 3, 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
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