ReadSoft signs invoice processing agreement worth 700,000 USD with global auto parts company
A world-leading manufacturer of engineered components and systems for vehicle powertrain applications has selected ReadSoft’s SAP-certified invoice processing solution to process paper and electronic invoices worldwide. With a leading track record of similar global implementations within SAP environments under its belt, ReadSoft was selected to spearhead the company’s global invoice processing initiative. The agreement is worth 700,000 USD and was signed during the third quarter of 2010.
With manufacturing and technical facilities across the globe, the customer sought a more standardized accounts payable (AP) process across several SAP systems in the Americas, Europe and Asia. Along with its ability to improve invoice processing cycle times and global visibility and control over invoices, ReadSoft’s invoice processing solution was selected due to its tight integration with SAP. The solution’s built-in country specific logic was also a critical factor in the selection process as it ensures a seamless implementation.
“Time and again, companies have turned to us for our extensive invoice processing experience, competence and capability to perform complex implementations across the globe,” comments Jan Andersson, President and CEO at ReadSoft. “By working closely together with the customer, I am confident that we will achieve its AP objectives with more standardized and streamlined invoice processing inside SAP.”
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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