ReadSoft signs €200,000 deal with a large European food group

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ReadSoft has received an order worth approximately €200,000 from a large European food group. The solution from ReadSoft will automate and optimize the processing of supplier invoices and also integrate with the installed SAP system. This agreement covers the processing of hundreds of thousands invoices annually at the company's facilities in Germany, Belgium and France.

Due to competitive markets and a confidentially agreement, ReadSoft is not granted permission to mention the name of this €5.9 billion company.

The overall goals for this customer were to purchase technology that could handle both paper and electronic invoices and start the move away from paper toward more electronic means when it comes to document processing. After a thorough benchmark was conducted with the leading suppliers in the market, this company decided to partner with ReadSoft, regarded as the market leader within invoice processing.

The software's proven stability with thousands of users all over the world, its effective integration into SAP and the solution's user friendliness were the main reasons for choosing ReadSoft. The solution from ReadSoft offers a significant business value, thus allowing the customer to make better use of its employees, ensure higher quality information and improve security.

"This customer was looking for a strategic partner that will be able to support them also when it comes to other areas of document handling", says Jan Andersson, President and CEO at ReadSoft. "I'm certain that choosing our solution over one of our competitors will make this company even more efficient and thereby successful."



For additional information please contact:

ReadSoft AB

Jan Andersson, CEO, ReadSoft

Phone: +46 708 - 37 66 00

Jonna Opitz, Vice President, Corporate Communications

Phone: +46 733 - 37 86 68

jonna.opitz@readsoft.com


About ReadSoft

ReadSoft is a leading global provider of software solutions for Document Automation. ReadSoft's software enables companies to automate document processes such as data entry, classification, ERP matching, workflows, e-invoicing etc. The results are faster and less expensive document processing, and increased control. ReadSoft is by far the world's number one choice for invoice automation solutions. Specialized solution labs for SAP, Oracle, Microsoft and Capture processes ensure cutting edge solutions with great customer value. Since the start in 1991, ReadSoft has grown to a worldwide group with operations in 16 countries on five 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 Nordic Exchange Small Cap list. For more information about ReadSoft, please visit www.readsoft.com.

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