Major service provider company based in Malaysia chooses ReadSoft in 860,000 USD invoice processing project

ReadSoft Asia has been chosen by a leading Malaysian company that provides consumer services to provide an invoice processing solution in an agreement worth 860,000 USD. The deal includes licenses, implementation, maintenance and support and was signed during the first quarter of 2013. 

The company will use ReadSoft’s PROCESS DIRECTOR for Accounts Payable solution in their shared service center supporting their operations across the country. ReadSoft was the company’s preferred option to automate their invoice processing due to ReadSoft’s 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 its accounts payable operations, 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 that this prominent company chose ReadSoft highlights our strength in helping organizations 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 March 18, 2013 at 14:00 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 in the cloud or on premise. ReadSoft is by far the world’s number one choice for invoice processing automation, especially into business systems from SAP and Oracle. ReadSoft’s software enables companies to automate document processes such as accounts payable processing, and 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

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About Us

ReadSoft is the worldwide market leader in the development and sales of forms processing software, that is, software for the automatic registration and interpretation of data on forms and invoices in paper or electronic format.

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