ReadSoft signs USD 850,000 agreement with agricultural company in Oceania
This company was looking for an accounts payable solution that could improve departmental efficiencies and would accommodate processing an increased volume of invoices after having made a large acquisition and the subsequent move to a centralized accounts payable (AP) model. The minimal customization and ease of implementing the SAP integrated ReadSoft solution in the scope of the SAP rollout to the acquired company was a huge factor in the decision process. Following a thorough investigation into the AP automation solutions on offer in the market they found that the ReadSoft solution met all their business requirements and offered substantial cost saving benefits.
After visiting some of ReadSoft's SAP reference sites they concluded that this was the solution that would maximize their investment in the SAP business system and at the same time employ processing best practices within accounts payable. Apart from the obvious business value in terms of efficiency and cost savings that the software provides, the strong audit and risk governance, the increased working capital, and the pathway to improved vendor relationships, to mention but a few, are additional benefits of AP automation previously not considered by the company.
"This company required a truly integrated enterprise solution residing inside SAP, one that improves all the processes within accounts payable," says Jan Andersson, President and CEO of ReadSoft. "We are very pleased to have been selected after an exhaustive evaluation by this customer. The agreement is further endorsement of both our strategy and delivering in the Oceania market."
For additional information pleasecontact:
ReadSoft AB
Jan Andersson, CEO, ReadSoft
Phone: +46 708 - 37 66 00
Jonna Opitz, Vice President Corporate Communications
Phone: +46 733 - 37 86 68
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.