Major European financial institution chooses ReadSoft in 800,000 EUR deal
A major European financial institution has chosen ReadSoft to automate the management of their customer correspondence in a deal worth 800,000 EUR. The agreement was signed during the third quarter of 2012.
The customer’s mailroom handles millions of documents each year in a fast moving and accuracy-dependent business. The ReadSoft solution will not only handle the large volume of documents but crucially provide advanced classification and accurate data extraction – including the handling of handwritten documents to tight service level agreements (SLAs).
Speed and accuracy are essential in the banking and insurance market, under the scrutiny of regulators and with organizations looking to protect and enhance their reputation and trust.
”This win demonstrates ReadSoft’s continuous development in handling all document types and mailroom operations as part of the drive for wider business process automation and our continued expansion in the banking and insurance market,” 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 October 10, 2012 at 13:30 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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