ReadSoft signs strategic contract with one of the world’s largest outsourcing companies
ReadSoft, the global leader in Document Process Automation solutions, has been chosen – after a highly competitive global selection process – to provide finance and administration (F&A) process automation solutions for one of the world’s largest F&A outsourcing companies.
ReadSoft’s ability to handle complex financial documents, combined with its ease of integration and labour savings on a global scale were the key selection criteria. This combined perfectly with ReadSoft’s extensive business process automation knowledge, built with over more than 20 years of experience.
The long term agreement provides an environment for driving down operational costs, reducing financial cycle times and providing automation for millions of financial documents in many Fortune 500 clients around the world.
With thousands of references worldwide, ReadSoft pioneers document processing, providing continuous market leading technological innovation. Impressed with this best practice approach, the world-leading Business Process Outsourcing (BPO) organization has chosen to invest in ReadSoft’s experience as well as their financial document automation solutions.
“As a global provider of document process automation for over twenty years, ReadSoft has earned the reputation as a trusted advisor,” says Simon Shorthose, Managing Director of ReadSoft UK. “We are able to introduce the latest techniques for automating financial processes and best practice to this major player. We embrace the opportunity to help this company achieve success in their vision,” finishes Simon Shorthose.
“This selection demonstrates our ability to meet the complex high volume needs of the major F&A outsourcing companies who have many customers handling high volumes of financial transactions. ReadSoft is committed to delivering greater Purchase to Pay (P2P) and Order to Cash (O2C) business process automation in major financial systems like SAP, Oracle and other leading ERPs,” says Per Åkerberg, President and CEO of ReadSoft AB. “In addition, this major new win extends our footprint in the global BPO market,” finishes Per Åkerberg.
Within this press release, ReadSoft’s customer in the transaction or co-operation is not mentioned by name. This is due to the fact that they have requested to remain anonymous. This is information of the type that ReadSoft AB (publ) is obligated to disclose in accordance with the Swedish Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication on April 3, 2012 at 15.00 CET.
For additional information, please contact
ReadSoft AB
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 Stockholm's Small Cap list. For more information about ReadSoft, please visit www.readsoft.com.
Tags: