ReadSoft signs €200,000 agreement with leading European organization

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ReadSoft has received an order worth approximately €200,000 from a global leader in chemical production and development. The solution by ReadSoft will automate and optimize the accounts payable processing and will also integrate with the customer's existing SAP system.

The decision to automate its accounts payable (AP) processing is mainly driven by the increased pressure to reduce costs and optimize resources. With the increasing invoice volumes as the company grows, the case for AP automation by utilizing ReadSoft's imaging and workflow solution becomes even stronger.


After a thorough benchmark of the available solutions on the market, the company decided to invest in ReadSoft's accounts payable solution for SAP due to its proven success in the global market. The solution is 100% integrated with SAP. It works inside the SAP system using its existing functionalities and environment, minimizing the needs for users to relearn a whole new system.


ReadSoft's solution will automatically scan, interpret, and distribute incoming invoices integrated with the existing SAP system, eliminating physical movement of paper-based invoices.






For additional information pleasecontact:

ReadSoftAB

Jan Andersson, CEO, ReadSoft

Phone: +46 708 - 37 66 00

Jonna Opitz, Vice President, Corporate Communications

Phone: +46 733 - 37 86 68

jonna.opitz@readsoft.com


About ReadSoft

ReadSoft is a leading global provider of software solutions for Document Automation. ReadSoft's software enables companies to automate document processes such as data entry, classification, ERP matching, workflows, e-invoicing etc. The results are faster and less expensive document processing, and increased control. ReadSoft is by far the world's number one choice for invoice automation solutions. Specialized solution labs for SAP, Oracle, Microsoft and Capture processes ensure cutting edge solutions with great customer value. 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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