ReadSoft expands IBM partnership, showcases joint industry document processing solution at IBM Information On Demand

ReadSoft, a leading global provider of applications for automating business processes, has teamed up with its global business partner IBM to provide a unique and powerful answer to companies’ growing problems associated with the influx of business-critical documents, document types and input channels. The scalable, high-performance document process solution will be showcased for the first time in North America at IBM Information On Demand 2013 in Las Vegas, NV on November 3-7.

Conference-attending IBM customers and partners representing companies from healthcare, commercial insurance, banking and finance industries are encouraged to see the solution at the ReadSoft booth (#1216) to discover a new strategy for automating document processing across all input channels that leverages a powerful portfolio of IBM software applications to enable complete data management and analytics. Attendees can also explore the benefits of this key offering during the special presentation:

• Mastering Control of Business-Critical Document Processes with IBM & ReadSoft, Tuesday, November 5, 2013, 1:30 p.m.-1:50 p.m., EXPO Theater

The solution is being jointly marketed and delivered to IBM customers and partners globally with IBM’s Global Business Services (GBS), which is active today as a key delivery channel for the insurance industry. Specifically, the GBS team has worked with ReadSoft to deploy the combined tool to the second largest public health insurance company in Germany, and in response to increased demand, has launched an internal training initiative–further investing in its commitment to serving the insurance industry with the joint solution. 

“The ReadSoft portfolio helps GBS to penetrate new markets and deliver best-of-breed solutions to our customers. A prime example of this is the insurance market in Germany, where we [GBS] have trained personnel and are able to expand our customer base by applying ReadSoft solutions,” reports Ronald Fritz, Partner and Executive IT Architect for IBM Global Business Services. 

ReadSoft’s partnership with IBM began two years ago with the release of a financial process optimization solution for organizations utilizing SAP as their financial system. Later in 2012, ReadSoft added XBOUND, a central input management platform, to its portfolio. While XBOUND serves as the core of the new joint solution, components of the solution from IBM typically include several of the following products: IBM FileNet® Content Manager, IBM WebSphere® Application Server, IBM DB2®, IBM Content Manager and IBM Datacap. The ReadSoft XBOUND solution and related IBM technologies are currently being rolled out at multiple IBM Innovation Centers throughout the world where users and prospects may see the solution in action.

“We believed that there were synergies with XBOUND and IBM’s portfolio, but didn’t know for sure until the solution’s architecture was validated by each industry network and thorough field market analysis was conducted,” recalls Per Åkerberg, President and CEO of ReadSoft. “We know now that something truly innovative has taken place through this collaboration—resulting in creative solutions that solve real problems for these distinct industries.”

As a member of IBM Developer Relations (IDR) program and as a validated solution provider within IBM’s industry solutions portfolio PartnerWorld, ReadSoft is able to ensure the highest degree of integration and support to companies that utilize the solution. 


Products or service names mentioned herein are the trademarks of their respective owners.


ReadSoft may be required to disclose the information provided herein pursuant to the Securities Market Act. The information was submitted for publication on October 29, 2013 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 North America 
Emily Toras, Marketing Manager 
Phone: +1 504 841 3205 
Email: emily.toras@readsoft.com 
Robert Fresneda, President
Phone: +1 504 841 0111  
Email: bob.fresneda@readsoft.com 

About ReadSoft
ReadSoft is a leading global provider of applications for automating business processes in the cloud or on premise. ReadSoft is by far the world’s number one choice for invoice processing automation, especially into business systems from SAP and Oracle. ReadSoft’s software enables companies to automate document processes such as accounts payable processing, and mailroom automation. 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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