ReadSoft to deliver invoice automation technology worth 250,000 EUR to global engineering company
ReadSoft is to deliver its SAP-certified invoice processing solution to a world-leading engineering company. ReadSoft was selected because of its market leadership, focus on invoice automation, and tight integration with SAP. The agreement, valued at 250,000 EUR concerns the processing of tens of thousands of paper and electronic invoices. The deal was closed in December 2009.
The European-based customer is one of the world's leading manufacturers within its industry. The company realized that they had shortcomings in their accounts payable (AP) process even with the operational efficiency gains they had experienced after implementing SAP.
There were still many manual, paper-based, and time-consuming processes and the customer therefore recognized the need for an invoice automation solution to achieve best-in-class AP operations. The objective is to eliminate the labor-intensive steps by optimizing AP efficiency while leveraging the investments already made in SAP. ReadSoft was selected because of its world-leading position within AP automation for SAP. In addition to that, ReadSoft provides local support. The fact that ReadSoft is so heavily invested in the AP automation market gave the customer the security they needed to select ReadSoft as their vendor of choice.
"This is yet another good agreement and reference for us within the SAP space,"comments Jan Andersson, CEO at ReadSoft. "We look forward to work with this company in realizing their goals - to achieve best-in-class AP practices."
For additional information, please contact:
ReadSoft AB
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.