ReadSoft signs invoice automation agreement worth 380,000 USD with global chemical company
A leading company specializing in the manufacture and sale of chemicals, plastics and fibers has chosen ReadSoft’s SAP-certified invoice automation solution to process paper and electronic invoices throughout its global accounts payable operations. In addition to processing invoices, the organization will leverage ReadSoft’s solution to route purchase cards, P-Cards, inside SAP. The deal was signed during the fourth quarter of 2010.
With manufacturing and technical facilities across the globe, the organization sought an invoice processing solution to support its growing invoice volume and reduce operating inefficiencies in its enterprise-wide payables process. The organization recognized ReadSoft’s unparalleled track record of hundreds of global implementations within SAP environments and selected the leading solution provider to spearhead its invoice processing initiative.
By automating its invoice processing seamlessly within SAP, the company looks forward to reduced invoice processing cycle times and improved visibility and control over invoices. The organization also aims to leverage ReadSoft’s latest INVOICE COCKPIT Suite module, P-Card, to process and streamline procurement card transactions within the same system as paper, EDI, and e-invoices.
“As companies strive to achieve more with less, we deliver technology to help maximize their existing investments in SAP” says Jan Andersson, President and CEO of ReadSoft. “We are excited to play an integral role in this organization’s journey to more cost-efficient business operations, and we look forward to more companies leveraging their SAP investments with our P-Card technology.”
This information is such that ReadSoft AB (publ) is to publish in accordance with the Swedish Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication on December 30, 2010 at 3:00pm CET.
For additional information, please contact
ReadSoft AB
Jan Andersson, President and 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 Process Automation. ReadSoft’s software enables companies to automate document processes such as accounts payable processing, document capture, document sorting, and order to cash. ReadSoft is by far the world’s number one choice for automated invoice processing, especially into business systems from SAP and Oracle. 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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