ReadSoft signs 390,000 EUR contract regarding invoice automation in SAP® with leading European chemical company
A global chemical company has selected ReadSoft’s solution for invoice automation in SAP to be installed at its newly established shared service center. The agreement is worth 390,000 EUR and the invoice automation implementation will begin during the third quarter of 2010.
This world-leading customer has recently established a shared service center and wanted an invoice automation solution that could support its businesses in a timely and efficient way and that is adapted to its new organization. The company was also looking for an invoice automation solution that could guarantee a fast return on their investment.
ReadSoft was awarded the project after a thorough evaluation of a number of vendors. The main reasons for investing in ReadSoft’s invoice automation solution were; reduced time for invoice processing, improved monitoring and tracking of invoices and better handling of invoices which might have an issue or an error. ReadSoft’s market leading position, effective integration into SAP and proven track record with thousands of references worldwide also played a part in the customer’s decision process.
“The investment that large companies are willing to make in our solutions is a clear statement that our products fit the technology direction of leading companies,” says Jan Andersson, President and CEO at ReadSoft. “With our new single platform – PROCESS DIRECTOR – for handling multiple processes in SAP we help our customers to be more cost efficient and improve control and shorten total processing time. We look forward to work with this company in realizing their goals – to achieve best-in-class Accounts Payable and invoice automation practices.”
For additional information, please contact
ReadSoft AB
Jan Andersson, 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 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. 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 .