Major automotive parts manufacturer chooses ReadSoft in 1.1 MEUR invoice processing project
ReadSoft Germany has reached an agreement with a significant German-headquartered company that manufactures automotive parts. ReadSoft will provide an invoice-processing solution in an agreement worth 1.1 MEUR including licenses, implementation, maintenance and support. This is one of the largest deals in ReadSoft’s history. The deal was signed in the third quarter of 2012.
The company will use ReadSoft’s PROCESS DIRECTOR for Accounts Payable solution as well as the add-on to process EDI invoices - rolling out to their international operations where millions of invoices are processed every year. ReadSoft was the manufacturer’s preferred option to automate invoice processing due to its superior seamless integration into the SAP system. ReadSoft has extensive experience and competence within the automotive sector where a high percentage of EDI invoices are processed.
As the company aimed to standardize accounts payable operations in multiple countries, it recognized ReadSoft’s unparalleled track record of hundreds of global implementations within SAP environments and selected the leading solution provider to spearhead its invoice processing initiative. By automating its invoice processing seamlessly within SAP, the company looks forward to reduced invoice processing cycle times and improved visibility and control over invoices.
“The fact this prominent company chose ReadSoft highlights our strength in helping the automotive sector improve their accounts payable operations. We have shown once again that we are the leading option for this industry,” says Per Åkerberg, President and CEO of ReadSoft.
Within this press release, ReadSoft’s customer in the transaction or co-operation is not mentioned by name. This is due to the fact that they have requested to remain anonymous. This is information of the type that ReadSoft AB (publ) is obligated to disclose in accordance with the Swedish Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication on July 16, 2012 at 11:30 CET.
For additional information, please contact
ReadSoft AB
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 17 countries on six 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 Stockholm's Small Cap list. For more information about ReadSoft, please visit www.readsoft.com.
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