ReadSoft selected as a Microsoft Global ISV and expands joint offerings for Microsoft Dynamics AX and Windows 8 users

Microsoft Dynamics® and Windows 8 users stand to benefit from an expanded global
alliance created to support the accelerated adoption of ReadSoft’s market
-leading financial process automation applications built on the Microsoft
Windows Azure platform.
Microsoft Selects ReadSoft as a Global ISV
In direct response to the increased market penetration of its Microsoft Dynamics
AX-integrated Accounts Payable (AP) solution, ReadSoft has been selected by
Microsoft to be a Globally Managed Independent Software Vendor (ISV). ReadSoft
will gain additional development, marketing and sales support from Microsoft
globally which will further strengthen the adoption of financial process
automation built on Microsoft Dynamics AX. The ReadSoft/Microsoft Dynamics
solution, the first hybrid cloud AP solution built on Windows Azure, is an out
-of-the-box application that automates the collection and extraction of supplier
invoice data and integrates with Microsoft Dynamics AX for invoice review,
exception handling and payment processing. The joint solution provides ease of
implementation, unprecedented security and scalability, and proven ROI by
minimizing labor-intensive and error-prone tasks associated with the processing
of invoices.
To illustrate, Netherlands-based Hanze University of Applied Sciences struggled
with misplaced invoices, lack of accountability and rampant errors due to
manually processing 40,000 invoices per year. The university now scans, captures
and verifies invoices in ReadSoft’s web interface and transfers the data to its
Microsoft Dynamics AX ERP system. “ReadSoft’s integration with Microsoft
Dynamics AX is seamless,” reports Jean-Paul Heunks, Head of Finance at Hanze
University of Applied Sciences. “Our users quickly accepted it and we now have
complete control over the flow of incoming invoices – the whole process runs
more smoothly and efficiently.”
“After years of significant investment and hard work with the Azure and Dynamics
teams, Microsoft’s endorsement of ReadSoft as a Global ISV is quite affirming,”
remarks Lars Appelstal, CTO at ReadSoft. “Microsoft has been an important
partner to ReadSoft for more than twenty years, and continues to be part of our
development strategy. I fully expect our partnership to yield mutually
beneficial results as ReadSoft continues to build market-leading hybrid cloud
solutions for financial process automation and  multichannel document process
automation solutions.”
ReadSoft Embraces Windows 8.1 Devices and Services Strategy
As testament to ReadSoft’s commitment to Microsoft’s devices and services
strategy, ReadSoft is making available ReadSoft Online Approve and XBOUND System
Monitor on Windows 8.1, Microsoft’s latest version of its market-leading Windows
operating system. Both applications serve as forerunners of a rich set of
functionality that ReadSoft plans to deliver in the future and are specifically
designed to leverage Windows 8.1 ease-of-use features, giving users the ability
to use touch screens and mobile devices to easily and intuitively manage
document processes.
“Microsoft app developers have always provided rich functionality and value for
our shared customers, and Windows 8 gives them the platform to deliver,” said
John Richards, Senior Director, Windows Business Development. “The re-imagining
of Windows keeps our app developers ahead of the competition and gives our
shared customers flexibility and choice.”
ReadSoft Hybrid Cloud AP Solution Achieves Major Dynamics Milestone
In addition, ReadSoft Online SaaS cloud-based solution passed the Software
Solution Test for Microsoft Dynamics, which is a major requirement to achieve
Certified for Microsoft Dynamics® status - the highest accreditation granted by
Microsoft. “By requiring the software solution to meet our highest standards,
Microsoft is assuring customers that these certified solutions work with their
investments in Microsoft Dynamics,” said Doug Kennedy, vice president, Microsoft
Dynamics Partners.
ReadSoft’s work with Microsoft is intended to provide Microsoft customers with
the richest set of finance and document automation solutions available. For more
information about ReadSoft’s entire set of document processing and financial
solutions for Microsoft customers, visit www.readsoft.com.
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
December 3, 2013 at14:00 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
Bob Monio, Director, Global Alliances
Phone: +1 612 208 2980
Email: bob.monio@readsoft.com
About ReadSoft
ReadSoft is a leading global provider of applications for automating business
processes 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.