Leading retail company in Spain invests 560,000 EUR in ReadSoft’s invoice processing solution within SAP®
ReadSoft has been chosen to install its SAP®-certified solution for invoice processing inside SAP® at one of the largest retail companies in Spain. In the first phase, ReadSoft’s solution will help the group to automate their supplier invoices, and from there the agreement is expected to be expanded to other companies within the group. The invoice processing agreement is valued at 560,000 EUR and the deal was closed during the third quarter of 2010.
This ReadSoft customer, with stores all over Spain, has just gone live with their SAP installation. For that reason, they wanted to have the latest technology to optimize their accounts payable processes within SAP which pointed them to ReadSoft’s world-leading invoice processing solution in SAP. ReadSoft’s SAP-certified solution will enable the customer to speed up their invoice processing while improving exception handling and payment accuracy.
ReadSoft’s invoice processing solution was chosen because it met all the customer’s business requirements and needs. More than 50 companies in Spain are now using ReadSoft’s SAP integrated-solution, which makes ReadSoft Spain’s leading company for automating document processes within SAP.
“The agreement with this important retail company consolidates ReadSoft as the reference company for invoice processing within SAP,” says Antonio García, Managing Director of ReadSoft Spain. “We have been selling and installing our solution in all kinds of SAP environments in Spain and Portugal for almost ten years and our experience and knowledge is an added value for our present and future customers”, finishes Antonio García.
“ReadSoft’s solutions deliver value to all sorts of companies and industries. This time it is a large retail group that will benefit from more optimized, time-saving, and cost-efficient processes using our SAP-certified solutions, says Jan Andersson, President and CEO at ReadSoft. “With this deal, we continue to position ourselves as the leading company for invoice processing solutions on the Iberian Peninsula”, concludes Jan Andersson.
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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