Major refinery & liquid distribution firm agrees 470,000 USD invoice processing project with ReadSoft
ReadSoft North America has reached an agreement with a significant international company that provides pipeline and storage facilities to the oil and refined products sector, as well as owning fuel and asphalt refineries. ReadSoft will provide an invoice-processing solution in a deal worth 470,000 USD. The deal was signed in the second quarter of 2012.
With operations in six countries, the publicly-listed company realized the need to increase savings and efficiency by adopting an invoice automation solution to streamline its accounts payable process inside its SAP ERP system. After a thorough market evaluation, the organization recognized ReadSoft’s SAP®-Certified invoice automation solution matched key solution criteria over competitive solutions. The company is now equipped for enterprise-wide improvements with ReadSoft’s automated invoice capture technology and flexible desktop and mobile approval workflows – all tightly integrated with SAP.
“This company chose ReadSoft as they recognized we could tailor our solution to best help them achieve their business goals,” says Per Åkerberg, President and CEO of ReadSoft. “We look forward to playing an important role in the success of their business by helping them save time and money with their invoice processing initiatives.”
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 June 1, 2012 at 15:00 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 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 Stockholm's Small Cap list. For more information about ReadSoft, please visit www.readsoft.com.
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