ReadSoft closes 400,000 EUR invoice processing deal with international retailer
An international retail chain based in France has selected ReadSoft to automate the processing of their invoices within the company’s existing SAP system. The invoice processing agreement worth 400,000 EUR is to be initially deployed during the second quarter of 2011 in France, Italy, Belgium, Switzerland, Spain, and Portugal.
The French retailer is the largest of its kind, with more than 20,000 employees in several countries. With a very large amount of invoices being received every year, the company saw an opportunity to increase its efficiency, while saving time and money, by automating their invoice processing.
After a thorough evaluation of a number of vendors, the company chose ReadSoft’s Invoice Cockpit Suite, a SAP-certified invoice processing solution seamlessly integrated with SAP. The company required a solution with high integration level with SAP, and was convinced that ReadSoft was capable of delivering a solution that met this requirement. ReadSoft’s invoice processing solution works inside the SAP system, thus reducing training effort and time to go live. Moreover, ReadSoft has thousands of references who have successfully implemented similar solutions in the past.
“ReadSoft software is able to manage the processing of millions of invoices in multiple countries and ERP environments,” says Jan Andersson, President and CEO of ReadSoft. “Within the SAP segment, ReadSoft is at the forefront which was very important to this company when choosing an invoice processing supplier. I am certain that we will help this company boost their invoice processing routines and become more efficient.”
This information is such that ReadSoft AB (publ) is to publish in accordance with the Swedish Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication on December 22, 2010 at 14:15 CET.
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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