ReadSoft signs US$450,000 deal with energy services company in the U.S.

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ReadSoft continues to win major SAP-related accounts payable automation projects in the U.S. This time, an energy services company in the U.S., has decided to invest US$450,000 in ReadSoft's solutions. The roll-out is planned to start during the first quarter of 2009.

This company, operates as a vital link between its parent company and North America to help facilitate the safe and dependable delivery of energy resources. The company has a long history with ReadSoft and was attracted to a business solution that will reduce paper and provide a more electronic procedure, apart from making the accounts payable processes more efficient.

After a thorough benchmark with the leading suppliers in the market, this company decided to partner with ReadSoft also in the accounts payable area. The software's proven stability, with over 5,500 users all over the world, and ReadSoft's effective integration into SAP were the main reasons for choosing ReadSoft. The solution offers a significant business value, allowing the customer to make better use of its employees, ensure higher-quality information, and improve security.

"This is yet another good agreement and reference for us on the North American market," says ReadSoft's President and CEO Jan Andersson. "In today's financially unsettled times, quick and cost-effective handling of documents becomes all the more important. For companies like this, it can become an important competitive advantage."







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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