Nordic insurance company signs agreement with ReadSoft worth 3.0 MSEK

ReadSoft, the world leader in Document Process Automation solutions, has received an order worth 3.0 MSEK from an insurance company that has chosen to invest in ReadSoft’s document platform XBOUND. The order means that the insurance company implements ReadSoft’s platform for its Nordic business and thereby consolidate a fragmented IT-environment into a single platform. The agreement was signed in the fourth quarter of 2012.

ReadSoft’s platform creates unprecedented opportunities for companies to model, manage, monitor and streamline their document and business processes. The customer chooses, in connection with the agreement, to implement the platform in all their Nordic offices where they handle document related processes.

“We help the customer to reduce document processing times by consolidating their document handling environment to a single platform. This creates several significant internal efficiencies and benefits their end-customers in the form of shorter lead times,” says Per Åkerberg, President and CEO of ReadSoft.

With ReadSoft’s platform companies quickly identify potential bottlenecks in their document handling processes and can take appropriate measures to increase productivity. That means both more efficient production processes and faster response times to customers, which is something that is increasingly important in industries where customer service has emerged as a key competitive weapon.

“The insurance industry handles large volumes of documents and companies that decide to automate their document handling can increase their efficiency with relatively simple actions. We see a large interest from the Swedish players for this kind of tool,” says Charlotte Darth, Managing Director of ReadSoft Sweden AB.


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 November 8, 2012 at 13:00 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                                   

ReadSoft Sweden AB
Charlotte Darth, Managing Director, ReadSoft Sweden AB
Phone: +46 733 37 86 04
Email: charlotte.darth@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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About Us

ReadSoft is the worldwide market leader in the development and sales of forms processing software, that is, software for the automatic registration and interpretation of data on forms and invoices in paper or electronic format.

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