ReadSoft signs invoice automation agreement worth over 570,000 USD with global electrical manufacturing company
A leading company specializing in electronics and electrical engineering has chosen ReadSoft’s SAP®-certified invoice automation solution to process paper and electronic invoices throughout its North American accounts payable operation. The deal is worth over 570,000 USD and was signed in the third quarter of 2012.
This global giant in electrical manufacturing and sales sought an automation solution with seamless integration into its SAP Enterprise Resource Planning System to streamline its accounts payable operation and enable greater processing efficiencies across the enterprise. Recognizing ReadSoft’s unparalleled track record of hundreds of implementations within SAP environments, the company selected ReadSoft’s SAP-certified invoice automation solution to spearhead its invoice processing initiative. By automating its invoice process seamlessly within SAP, the company’s AP personnel are now equipped to reduce invoice processing cycle times and improve visibility and control over invoices with ReadSoft’s automated invoice capture technology and flexible approval workflows.
“As companies strive to achieve more with less, we deliver technology to help maximize their existing investments in SAP,” says Per Åkerberg, President and CEO of ReadSoft. “We are excited to deliver flexible, user-friendly AP automation technology to end-users within the organization, allowing them to conduct faster, less expensive financial operations all within their native SAP environment.”
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 17, 2012 at 11.00 CET.
For additional information, please contact
Johan Holmqvist, Vice President, Corporate Communications
Phone: +46 708 37 66 77
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, document capture, document sorting, and order to cash. ReadSoft is by far the world’s number one choice for automated invoice processing, especially into business systems from SAP and Oracle. 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.