ReadSoft closes deals totaling $1.2M USD with Silicon Valley organizations
Due to competitive markets and confidentially agreements ReadSoft is not granted permission to mention the names of the new customers. Both companies are, however, Fortune 500 companies with leading positions within their respective market area.
The ReadSoft document automation solutions residing in both SAP and Oracle have proven to be extremely well positioned for the high tech organizations of Northern California. With the two recent wins as well as announcement of CV Therapeutics in September of 2007 ReadSoft is making itself known as the number 1 solution within the SAP segment in North America.
"The investment that high tech companies are willing to make in our solutions to automate the capture and flow of financial documents inside of SAP is of considerable importance to the future direction of ReadSoft," said Jan Andersson, President and CEO of ReadSoft. "These deals also manifest our leading position within this segment and are a clear statement that our products fit the technology direction of high tech companies today and in the future."
ReadSoft DOCUMENTS for Invoices
More than ten years of experience with electronic invoice processing has produced the most powerful, and by far the most popular (2,000 clients), system on the market. ReadSoft DOCUMENTS for Invoices is a highly profitable investment for just about any business. Fully implemented, electronic invoice processing lowers costs by 25-50%. Meanwhile, the invoicing process speeds up and employees can devote more time to tasks that take advantage of their individual skills. ReadSoft DOCUMENTS for Invoices captures, reads and classifies all incoming formats, whether paper or electronic. The solution, which is customised for simple linkage to leading international enterprise systems, is certified for both SAP and Oracle.
For additional information, contact
ReadSoftAB
Jan Andersson, CEO
Phone: +46 708 - 37 66 00
Jonna Opitz, Vice President Corporate Communications
Phone: +46 733 - 37 86 68
ReadSoftis a world-leading supplier of software for document automation. The company develops and markets a complete software platform for document automation under the name of ReadSoft DOCUMENTS. The vision is to release businesses around the world from handling documents manually. Since starting in 1991, ReadSoft has grown to a worldwide Group with offices in 16 countries in Europe, North America, South America and Australia, as well as a large number of local and global partners. The head office is in Helsingborg, Sweden, which - along with Stockholm - also houses the Group's main research and development unit. The ReadSoft share is traded on the Nordic Stock Exchange Small Cap list.
Find out more about the company at www.readsoft.com