Large Spanish retail company expands use of ReadSoft’s invoice automation solution through new agreement worth 223,000 EUR
One of Spain’s largest retail companies has decided to expand the use of ReadSoft software for invoice automation into SAP. The expanded agreement covers invoices in electronic format (EDI) and is worth 223,000 EUR.
The company has been using ReadSoft’s invoice automation solution for several years, saving time and money by automating the invoice process from arrival to post. The solution also includes efficient workflow to streamline verification and exception handling – and is seamlessly integrated with the customer’s SAP system.
Expanding the use of ReadSoft’s SAP-certified solution to also automate incoming invoices in electronic format (EDI) means that all incoming invoices, in any format (paper, fax, PDF, image, email, or EDI) will be automatically entered into SAP for approval and payment. The company has thus further streamlined its invoice processing substantially.
“Yet another large corporation – along with many other ReadSoft customers – expands their use of our solution for invoice automation” says Jan Andersson, President and CEO at ReadSoft. “Not only is this a token of the value ReadSoft brings to companies looking to streamline their invoice processes, it also shows that our EDI software lives up to our customers’ expectations. This is of course particularly important since the European Commission recently announced its aim of making e-invoicing the predominant method of invoicing by 2020."
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 28, 2010 at 11:30am 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.
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