ReadSoft to present best practice financial process automation case at Financials 2013

New Orleans, LA (March 7, 2013) ReadSoft, a leading global provider of SAP® certified financial process automation solutions, today announced its participation at the Financials 2013 annual conference, March 19-22, 2013, in Las Vegas, Nevada. Conference attendees interested in learning how best-in-class companies streamline processes such as supplier invoices, receivables, financial postings and master data are encouraged to attend ReadSoft’s joint session with Lockheed Martin and to visit the ReadSoft booth (#1000).

ReadSoft, a certified SAP partner since 2001, will host an exclusive educational presentation with global manufacturer Lockheed Martin on Tuesday, March 19th, at 4:30pm PST, Track 2. During the session, Lockheed Martin representatives will discuss their work to streamline the Corporation’s invoice processing and accounts payable (AP) operations during a nationwide procure-to-pay (P2P) project. Lockheed Martin representatives will discuss the benefits of this project, which included cost savings, standardization and automation, and greater visibility into supplier relations.    
 
Throughout the conference at the ReadSoft booth (#1000), the company’s seasoned SAP solutions experts (including representatives from ReadSoft’s ERP Solutions Lab) will be available for:

  • One-on-one consultations on how an organization can achieve best practice financial process performance within the SAP environment. Common organizational benefits from automating financial processes include accelerated invoice processing cycle times, increased rates of early payment discounts, strengthened cash position, and increased accounts receivable (AR) efficiency.

  • Live demonstrations of ReadSoft’s flagship technology, PROCESS DIRECTOR. This broad and scalable solution platform can span across P2P and order-to-cash (O2C) processes, and its customizable workflows can be applied to diverse applications such as supplier invoice approval, financial postings, master data and receivables.   

Live product demonstrations will also be presented from ReadSoft’s valued partner: 

  • Fujitsu, a document imaging market leader, will operate its ReadSoft-integrated scanner technology, showing how invoices are scanned and captured for automated processing.

“Financials 2013 is serving the SAP financial community at an important time,” said Bob Fresneda, President of ReadSoft North America. “We know that the role and priorities of organizational leaders in finance are more strategic now. At the same time, technologies are maturing and advancing, and capable of meeting these strategic objectives. Whether it’s facilitating cash management, advancing margin or delivering insightful performance analytics, the right financial process technology has graduated from being just a cost saver, to a facilitator of competitive advantage.”   

For more information please contact:

Emily Toras, Marketing Manager, ReadSoft. 504.841.3205 emily.toras@readsoft.com

Bob Fresneda, President, ReadSoft North America. 504.841.0111 bob.fresneda@readsoft.com      

About ReadSoft:

ReadSoft is the leading global provider of software solutions for document process automation. Founded in 1991, ReadSoft’s vision is to contribute to businesses’ success by providing the ideal software solutions for automating document driven processes. Its software enables companies of various sizes and from diverse industries to automate business processes such as accounts payable, purchasing, document capture, document sorting, order to cash, financial postings and master data. The company was first to bring free form technology for invoice processing to market and first to achieve certification with enterprise resource planning system SAP. Today, ReadSoft has operations in seventeen countries and on six continents and supports 8,500 companies around the globe with its automated software solutions–1,000 of which are SAP system users operating with end-to-end solutions. ReadSoft software resides and operates inside of SAP, so system integration is seamless.

ReadSoft North America supports its valued customers and partners with offices in seven locations throughout the United States, including its corporate headquarters in New Orleans, Louisiana. For more information, visit www.readsoft.com.

This press release contains forward-looking statements within the meaning of the federal Private Securities Litigation Reform Act of 1995. Statements contained herein that are not statements of historical fact may be deemed to be forward-looking information. Without limiting the foregoing, references to future growth or expansion are forward-looking, and words such as "anticipates," "believes," "could," "estimate," "expect," "intend," "may," "might," "should," "will," and "would" and other forms of these words or similar words are intended to identify forward-looking information. You should read statements that contain these words carefully because they discuss our future expectations contain projections of our future results of operations or of our financial position or state other forward-looking information. There may be events in the future that we are not able to predict or control accurately, and any forward-looking statements are subject to risks and uncertainties that could cause our actual results to differ materially. These risks and uncertainties include: (i) the ability to recruit and retain qualified technical and other personnel in a highly competitive market, (ii) market acceptance of our new and future products, (iii) the growth and adoption rate of Windows NT and Windows 2000, (iv) growing competition and (v) our ability to maintain and manage our growth. For additional information regarding risk factors that could affect our future results, please refer to the discussions of "Risk Factors" in our Form 10-Q for the quarter ended June 30, 2000, filed with the SEC on August 8, 2000, and our Form S-1/A Registration Statement Amendment filed on March 9, 2000.

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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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