Sony of Canada Ltd. chooses ReadSoft to automate Accounts Payable processes

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SAP user Sony of Canada, the leading consumer electronics manufacturer in the world, has selected ReadSoft for Document Automation of their Accounts Payable (A/P) processes. ReadSoft is rapidly deploying the solution in Toronto, Ontario in Canada to work within the existing SAP enterprise resource planning (ERP) system.

“After an overall analysis, we selected ReadSoft as our vendor of choice for two main reasons,” said Wayne Ground, Sony of Canada’s Chief Information Officer. “ReadSoft’s SAP certification and their completeness of demos made it apparent whose product fit best at Sony of Canada.”

As Sony of Canada serves a bellwether for other Sony locations, they are constantly looking for performance enhancements and process improvements. Sony of Canada put together a project for business process improvements within the A/P department in the third quarter of 2005. While learning about the ReadSoft product offering and its developments over time at various US conferences, the vendor selection decision was made shortly thereafter the project was put in place.

“We are proud to have Sony of Canada as another SAP customer,” said Jan Andersson, President and CEO of ReadSoft. “Our strategy of gaining a foothold with multinational companies has succeeded once again. This time our certification for SAP and our long list of SAP-related customers were key advantages in obtaining this order. The challenge before us now is to work hard on implementing the software as smoothly and efficient as possible and thereby build the foundation for a more far-reaching partnership."

About Sony of Canada:
Established in 1955, Sony of Canada Ltd. is a wholly-owned subsidiary of Sony Corporation of Tokyo, Japan, a world leader in the manufacture and marketing of electronic and computer products for consumer, business, electronics publishing and multimedia applications on a global scale. With headquarters in Toronto, sales offices in Vancouver and Montreal and distribution centers in Coquitlam, British Columbia, and Whitby, Ontario, approximately 1060 employees support 75 Sony stores and a network of more than 3,000 authorized dealers across Canada.

What is ReadSoft DOCUMENTS for Invoices?
Building on more than a decade of experience, ReadSoft DOCUMENTS for Invoices is the most powerful, automated invoice processing solution to date. An invoice costs $15-50 to handle manually. ReadSoft DOCUMENTS for Invoices automates a company's invoice flow and generates substantial savings. With proven efficiency in the largest customer database on the market, ReadSoft's solution offers the widest available range of capabilities, capturing and classifying all kinds of paper and electronic invoices. ReadSoft DOCUMENTS for Invoices can be seamlessly integrated with leading ERP systems by SAP, Oracle and Intentia – just to name a few.

ReadSoft AB
Jan Andersson, President/CEO
Pho: +46-(0)708 - 37 66 00
Jonna Opitz, Vice President, Corporate Communication
Pho: +46-(0)708 - 37 86 68
E-mail: jonna.opitz@readsoft.com
More about ReadSoft on www.readsoft.com

About ReadSoft
ReadSoft is the world’s leading supplier of software for Document Automation. The company develops and markets a complete product platform for Document Automation named ReadSoft DOCUMENTS. The vision is to free businesses everywhere from manual document handling. Since its founding in 1991, ReadSoft has developed into a global group with 11 subsidiaries in Europe, North and South America and Australia, and a large number of local and global partners. ReadSoft is headquartered in Helsingborg, Sweden, and its primary R&D facility is in Stockholm. ReadSoft has been listed on the Stockholm stock exchange since 1999. For more information please visit www.readsoft.com

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