ReadSoft to release latest version of PROCESS DIRECTOR at SAPPHIRE NOW/ASUG 2013 Conference

ReadSoft, a leading global provider of SAP document process automation solutions, today announced the release of PROCESS DIRECTOR 7.2 for the SAP-market, strengthening its leading position in Accounts Payable Automation for SAP and adding support for several new key business processes. Attendees at the SAPPHIRE NOW/ASUG Annual Conference have the exclusive opportunity to view the latest solution release at the Orange County Convention Center in Orlando, Florida, USA, on May 14-16, 2013.

ReadSoft PROCESS DIRECTOR is the most widely implemented Accounts Payable (AP) Automation solution for SAP. It works inside SAP and provides a start-to-finish workflow for automated invoice approval, leveraging our customers’ investment in SAP while reducing AP costs by up to 80 percent.

With PROCESS DIRECTOR 7.2, the cost savings and error reduction benefits are now realized in several other common business processes. Routine financial postings that consume AP departments are automated, including adjustments, accruals and reversals, and recurring entries. Master data updates to both customer and vendor data are supported, a key for successful sales order processing. The customer order process itself is streamlined with improved checks and determinations, and built-in order processing reports are available for monitoring important KPI’s. PROCESS DIRECTOR 7.2 keeps a complete audit trail of the business process, supporting business compliance requirements such as Sarbanes-Oxley (SOX).

ReadSoft PROCESS DIRECTOR is already the leading solution for SAP invoice automation, and now this lead has expanded with improvements in the short pay process, easier invoice cancellation, streamlined vendor communication with easy handling of multi-document functions, and additional refinements based on our best-practice experience with 1000 SAP installations. Mobile users will be pleased with the new support for portable tablet devices.

“PROCESS DIRECTOR 7.2 is a very exciting step forward,” said Rowland Archer, Senior Vice President of ReadSoft’s ERP Automation Lab. “We have listened to our customers and added support for the processes they have identified as the next prime opportunities to reduce costs and improve service to their clients both inside and outside their companies.”

Per Åkerberg, President and CEO of ReadSoft, said, “We are confident that with PROCESS DIRECTOR 7.2, we have the best value proposition in our industry for SAP customers and are eager to share this latest release among the esteemed SAPPHIRE/ASUG community. More customers use ReadSoft to streamline AP automation than any other solution, and now they can use the same proven solution to get a better ROI on their SAP investment in other business-critical processes.”

Attendees at the SAPPHIRE NOW/ASUG Annual Conference interested in improving essential purchase to pay and order to cash processes inside SAP are encouraged to attend ReadSoft’s informative sessions and visit the ReadSoft booth (#2109). 

• AP Automation Case Study: Canadian Blood Services Boosts AP Transparency & Control Inside SAP
  Tuesday, May 14, 2013, 11:00 a.m.-12:00 p.m.
  Session ID #3701, S310C. S. Concourse, L3 
• Financial Process Automation Projects: Factors that Make or Break Success (Microforum)
  Wednesday, May 15, 2013, 1:00 p.m.-1:45 p.m., Table 1
  Session ID #87104, Microforum PC804 

Products or service names mentioned herein are the trademarks of their respective owners.


ReadSoft may be required to disclose the information provided herein pursuant to the Securities Market Act. The information was submitted for publication on May 10, 2013 at 10:00 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                                   
Michael Henriksson, Vice President, Product and Business Management
Phone: +46 733 37 86 76
Email: michael.henriksson@readsoft.com 
Patrik Fältman, Business Line Manager, Purchase to Pay Solutions
Phone: +46 708 37 66 34
Email: patrik.faltman@readsoft.com 
Michael Haak, Product Manager, SAP products
Phone: +49 1622 89 59 74 
Email: michael.haak@readsoft.com 

ReadSoft North America 
Emily Toras, Marketing Manager 
Phone: +1 504 841 3205 
Email: emily.toras@readsoft.com 
Robert Fresneda, President 
Phone: +1 504 841 0111  
Email: bob.fresneda@readsoft.com 

About ReadSoft
ReadSoft is a leading global provider of software solutions for document process automation in the cloud or on premise. ReadSoft is by far the world’s number one choice for invoice processing automation, especially into business systems from SAP and Oracle. ReadSoft’s software enables companies to automate document processes such as accounts payable processing, and mailroom automation. Since the start in 1991, ReadSoft has grown to a worldwide group with operations in 17 countries on six 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

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