Global chemical company invests over 300,000 USD in ReadSoft’s software for automatic invoice processing

The U.S. based organization has selected ReadSoft’s SAP-certified invoice automation solution to streamline its accounts payable operations. The agreement is worth over 300,000 USD.

This world-leading chemical company sought to optimize its payables process as its invoice volume expanded beyond its ability to remain efficient with current resources. With ReadSoft’s end-to-end invoice automation solution seamlessly integrated with the customer’s SAP system, the company achieves faster and less expensive invoice processing and increased control of financial processes. ReadSoft, with thousands of references worldwide, was deemed the market leader within the SAP segment by the customer, providing the most complete invoice automation solution based on best practices. 

“We are pleased to see this organization invest in invoice automation technology to support its growing document processing needs,” says Jan Andersson, President and CEO of ReadSoft. “Time and again companies turn to ReadSoft to handle business-critical transactions and position their enterprises for future growth.”


This information is such that ReadSoft AB (publ) is to publish in accordance with the Swedish Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication on December 29, 2010 at 2.40pm CET.

For additional information, please contact

ReadSoft AB                                                                                                        
Jan Andersson, President and CEO                                             
Phone: 46 708 37 66 00
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. 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 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.