International power and gas company invests €200,000 in solutions from ReadSoft

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ReadSoft has received an additional order worth approximately 200,000 EUR from a large European Power and Gas company. The order today, is an upgrade of the agreement signed already in 2004. The solution from ReadSoft will automate and optimize supplier invoice processing at the company's headquarters and will also integrate with the installed SAP system. The roll-out of the solution starts immediately

This European customer is one of the world's leading power and gas companies. The group employs around 93,500 world-wide and generated sales of €87 billion in 2008.


With the goal of making their accounts payable processes more efficient, this company decided to invest in ReadSoft's solutions already in 2004. The automated work process has proven very efficient and as their business keep growing the decision was made to expand the solution. With this latest addition the company now has an overall capacity to process 1.2 million invoices per year.


Maintaining a leading position requires the implementation of the latest technologies on the market, which is why many multinational groups choose to automate their invoice processing. Manually processing invoices and other related documents is time and resource consuming. ReadSoft's solutions offer significant business value, allowing customers to make better use of their employees, ensuring higher-quality information and improving security.





For additional information pleasecontact:


ReadSoftAB

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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