ReadSoft strengthens existing Fortune 500 customer relationship through expanded agreement worth $330,000 USD
ReadSoft strengthens and expands existing business
commitment with a North American-based Fortune 500 industrial equipment and
manufacturing company. The new deal is an expansion of ReadSoft`s accounts
payable automation solutions to additional business segments and is valued at
$330,000 USD. The next step of the roll-out is targeted for the first quarter
of 2010.
The Fortune 500 multi-industry company continues to roll out
ReadSoft`s solutions into various business segments. The company is committed
to continuously improving its environmental performance, and therefore put an
automation solution in place to reduce paper and provide a more electronic
procedure, along with making the accounts payable processes more efficient,
controlled and visible.
Based on the existing ReadSoft implemented solutions and its
world-leading position with thousands of users worldwide, the customer
continues its roll-out of ReadSoft`s solutions to not yet implemented
countries. The intent is for all business segments around the world gain the
efficiencies that have accompanied ReadSoft`s accounts payable optimization
solutions in other parts of their organization.
"ReadSoft is very pleased to partner with this organization
to improve the efficiency of accounts payable processes in all its operations,"
comments Jan Andersson, CEO of ReadSoft. "This deal demonstrates ReadSoft`s
leading position, commitment to customer satisfaction and shows that our
end-to-end solutions provide the benefits our customers are looking for."
For
additional information, please contact
ReadSoftAB
Jan
Andersson, 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 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 .