ReadSoft signs €500,000 agreement with large telecom company in Europe

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ReadSoft has received an order worth approximately €500,000 from one of the world's largest telecom operators. The solution from ReadSoft will automate and optimize supplier invoice processing and will also integrate with the customer's Oracle E-Business Suite system. The agreement initially covers the processing of over half a million invoices annually.

Maintaining a leading position requires the implementation of the latest technologies on the market which is why this company invested in a capture solution already a few years ago. But with new technologies and new demands they needed an even more efficient process and an integrated solution which suited their Oracle E-Business Suite system.


After a thorough benchmark of the available systems on the market this leading company decided to invest in ReadSoft's solution. This was found to offer significant business value by allowing customers to make better use of employees, ensuring higher-quality information and improving security.


"We are happy to add yet another global company to our list of references within the Oracle area," says ReadSoft CEO Jan Andersson. "Since our solution is 100% integrated with Oracle E-Business Suite, customers are given the ability to automatically verify information about vendors, orders, and goods received against Oracle. I'm certain that choosing our solution over one of our competitors will make this company even more efficient and thereby successful."






For additional information, please contact:

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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