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ReadSoft is the worldwide market leader in the development and sales of forms processing software, that is, software for the automatic registration and interpretation of data on forms and invoices in paper or electronic format.

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ReadSoft signs invoice automation agreement worth 480,000 USD with North American oil and gas producer

One of the largest independent oil and gas producers in the US has selected ReadSoft’s SAP®-certified invoice automation application to streamline its AP operations and enable greater processing efficiencies. The agreement was signed during the third quarter and is worth 480,000 USD.The company recognized a need for an automated workflow application, and ultimately selected ReadSoft’s SAP-certified PROCESS DIRECTOR for Accounts Payable (AP), due to the application’s tight integration with the company’s existing SAP system. By automating its invoice processing seamlessly within SAP, the

ReadSoft signs agreement worth 660,000 EUR with major European bank

A leading European bank with offices all over the world has chosen ReadSoft’s SAP®-certified automation solution to process paper and electronic purchase requisitions, goods receipts and invoices throughout its European operations. The agreement is worth 660,000 EUR and was signed during the second quarter of 2014.With operations across Europe the customer sought an invoice processing solution to reduce the costs and delays associated with manual invoice processing. The company utilizes SAP as its core financial system of record and aimed to partner with a proven, SAP solution provider.

ReadSoft signs deal worth 330,000 EUR with major global textile manufacturer

ReadSoft UK has signed an initial deal, worth 330,000 EUR, with a leading global textile manufacturer. The customer selected ReadSoft’s SAP®-certified financial process automation solution to streamline its accounts payable operations and enable greater processing efficiencies. The agreement was signed during the second quarter of 2014.The customer who employs thousands of employees in over 70 countries across six continents around the world wished to standardize its global financial processes starting with their Accounts Payable (AP) operations. This drive toward more standardized AP and

Large travel group chooses ReadSoft in 1.6 MEUR deal

One of Europe’s largest travel groups has chosen ReadSoft to automate their full financial suite in SAP in an initial deal worth 1.6 MEUR. The agreement was signed during the second quarter of 2014.Due to the customer’s market, spanning multiple companies, countries and processes, keeping on top of their finance situation is both complex and critical.  With millions of invoices, documents and remittances each year, it was important to choose an experienced partner that could handle multiple processes within a SAP certified, full end-to-end finance suite solution. This means that important

ReadSoft signs contract with NSW Department of Education and Communities in Australia

The New South Wales Department of Education and Communities, the largest single organization, public or private, in Australia, has chosen ReadSoft’s SAP ®-certified invoice automation solution to streamline its existing invoice processing operations and enable greater efficiencies across its Shared Services Centre. The contract is recurring revenue based and the Agency plans to process 4.7 million invoices over an initial term of over 3 years. The deal was signed during the second quarter of 2014 and includes options that may stretch the term to 10 years.The client has agreed to an annual

ReadSoft signs deal worth 650,000 EUR with leading European office supplies and services company

ReadSoft has signed a deal worth 650,000 EUR with a leading European office supplies and services company. The customer has decided to unify all their current ERP-systems into a single SAP client where they will merge all the company’s Accounts Payable (AP) processes into one Shared Service Center (SSC) environment. The deal includes licenses, support and maintenance and services and was signed during the first quarter of 2014.The customer offers comprehensive solutions to computer manufacturers, distributors, office suppliers and to retail customers. The company is a market leader within

Global provider of human resource management services signs deal with ReadSoft for invoice automation solution worth 525,000 USD

A leader in the business of helping organizations in the areas of benefits, rewards and talent management has signed a deal with ReadSoft North America worth 525,000 USD.  With ReadSoft’s invoice automation solution, the company will benefit from a more cost-efficient accounts payable process. The agreement was signed in the fourth quarter of 2013.Functioning under the constraints of a limited invoice processing solution was adding substantial costs to the bottom line. The company quickly realized the need for a more robust solution with the functionality to handle the needs of its world-

Leading food manufacturer signs agreement for invoice automation solution with ReadSoft worth over 975,000 USD

A premier producer and distributor of branded food products has selected ReadSoft’s invoice automation solution with Oracle® validated integration to gain greater processing efficiencies in its accounts payable operations. The deal is worth 975,000 USD and was signed in the fourth quarter of 2013.Coping with an AP process that could no longer handle its growing needs, the company realized the demand for an enhanced invoice processing solution that could easily integrate with its Oracle E-Business Suite enterprise resource planning (ERP) system.  The goal was to expand its AP processing

ReadSoft signs agreement with leading hardware chain worth 330,000 USD

A multinational hardware company that prides itself on being local to the community has entered into an agreement with ReadSoft North America to streamline its accounts payable workflow with ReadSoft’s SAP®-certified process automation solution. The deal is worth 330,000 USD and was signed in the fourth quarter 2013.Given the high volume ordering of goods for its retail stores, managing a manual process had become time-consuming and burdensome for the neighborhood hardware chain.  Problem resolution communication between the purchase and requisition team and the merchandising and supply

Prominent electronics manufacturer signs deal worth over 300,000 USD for ReadSoft’s invoice automation solution

An innovative company in the design and manufacturing of electronic products has signed an agreement with ReadSoft North America to automate its invoice process with ReadSoft’s SAP®-certified invoice automation solution. The deal, valued at over 300,000 USD, was signed in the fourth quarter of 2013.The company realized its paper intensive process was slow and inefficient.  Manual handling of paying invoices across its enterprise was restricting its ability to have control over its account payable operations.  Moving to a shared services strategy and streamlining its accounts payable

Global Pharmaceutical Company selects ReadSoft’s invoice automation solution through agreement worth over 1.0 MUSD

A renowned manufacturer of health care products has selected ReadSoft’s SAP®-certified invoice automation solution to attain improved control and greater visibility over its manual invoice process. The agreement is worth over 1.0 MUSD and was signed in the fourth quarter of 2013.Relying heavily on 3rd party establishments for scanning and manual input of incoming invoices combined with a high risk for duplicate payments, margin for error and time spent on manually processing its high volume of invoices  was not effective for the company.   Seeking to standardize its AP process and decrease

Major bottling group automates invoice processing through ReadSoft agreement worth over 300,000 USD

An agreement has been reached between ReadSoft North America and a core group of North American beverage bottlers to streamline its accounts payable process. ReadSoft will provide its SAP®-certified invoice automation solution in a deal worth over 300,000 USD signed in the fourth quarter of 2013.Looking to reduce cost and provide transparency across its invoice process, the company decided to begin moving its bottling group to a shared SAP environment and implement a solution to automate its accounts payable operations. It was important to this organization to find an automation solution

ReadSoft signs agreement worth 1.1 MEUR with global manufacturer

After a global selection process the high-end apparel manufacturer has chosen ReadSoft's SAP®-certified invoice automation solution to process over a million electronic and paper invoices and other documents in its global shared service center operations. The license, services and maintenance agreement signed is worth an initial 1.1 MEUR and was signed in the fourth quarter of 2013.The customer is consolidating its operations across many countries into a global shared service center to handle both the volume of invoices processed and multiple other business processes, with the ultimate aim

ReadSoft selected as a Microsoft Global ISV and expands joint offerings for Microsoft Dynamics AX and Windows 8 users

Microsoft Dynamics®and Windows 8 users stand to benefit from an expanded global alliance created to support the accelerated adoption of ReadSoft’s market-leading financial process automation applications built on the Microsoft Windows Azure platform.Microsoft Selects ReadSoft as a Global ISVIn direct response to the increased market penetration of its Microsoft Dynamics AX-integrated Accounts Payable (AP) solution, ReadSoft has been selected by Microsoft to be a Globally Managed Independent Software Vendor (ISV). ReadSoft will gain additional development, marketing and sales support from

Redirect savings to front line public services with ReadSoft Online

• UK G-Cloud contract for Accounts Payable automation• Fast set up and instant savings for any size of public sector organization• Streamlined finance processes, no CAPEX, just pay for what is actually needed ReadSoft, a specialist in the delivery of business automation to manage and improve back office processes, has received a UK Government Procurement Service (GPS) G-Cloud contract to supply Public Sector organizations with ReadSoft Online. UK government organizations using this cloud-based solution for automating end-to-end Accounts Payable (AP) processes can drive new efficiencies,

ReadSoft further invests in Microsoft community, showcases integrated AP automation cloud solution at Convergence EMEA

On the heels of achieving the first milestone for accreditation and gaining increased worldwide interest of its Microsoft Dynamics AX-integrated Accounts Payable (AP) solution, ReadSoft, a leading global provider of applications for automating business processes, will be showcasing its proven hybrid cloud AP automation solution for the first time in Europe at the Convergence 2013 EMEA conference in Barcelona, Spain on November 4-6, booth (#23).As the first hybrid cloud AP solution built on Windows Azure, the ReadSoft/Microsoft Dynamics solution enables unprecedented security, scalability, a

ReadSoft signs 380,000 EUR deal with global energy & resource provider

ReadSoft France has reached an agreement with a global essential and specialty chemicals provider. The existing customer has chosen to expand its use of ReadSoft’s invoice automation solution. The deal was signed in the third quarter of 2013, and includes licenses and services, with a total project value of 380,000 EUR.The customer is a world-leading chemical company who already processes hundreds of thousands of invoices with ReadSoft’s SAP®-certified invoice automation solution. Accounts payable efficiency is an important function for the company, which conducts billions of dollars worth

ReadSoft signs invoice automation agreement worth over 360,000 USD with global food manufacturer

A leading global food manufacturer has chosen ReadSoft’s SAP®-certified invoice automation solution to process paper and electronic invoices throughout its North American account payable operations. The agreement is worth 360,000 USD and was signed during the third quarter of 2013 and includes licenses, maintenance and support.With accounts payable operations decentralized across several North American plants, the company’s paper invoices were typically routed among multiple locations, affording minimal visibility and control over invoice processing. As processing bottlenecks became

Global services company automates invoice processing with ReadSoft through agreement worth 460,000 USD

The U.S. based organization has selected ReadSoft’s SAP®-certified invoice automation solution to streamline its accounts payable operations and enable greater processing efficiencies across the enterprise. The agreement is worth 460,000 USD and was signed in the third quarter of 2013 and includes licenses, maintenance and services.This leading services company suffers with a completely manual invoice process where invoices are scanned at regional offices and sent to its corporate headquarters as email attachments. Each day, AP clerks receive hundreds of invoices at various email inboxes,

Large German chemical supplier automates with ReadSoft in 324,000 EUR deal

ReadSoft Germany has reached an agreement with a large chemical provider to automate their invoice processing. The deal was signed in the third quarter of 2013, and includes licenses, maintenance and services, with a total project value of 324,000 EUR.The company is a world leader in its space within the chemicals industry and with its new growth initiatives, the management team has identified the need to make savings and increase efficiency by adopting ReadSoft’s solution to automate invoice processing inside their SAP ERP system. The customer will be able to easily handle any type of

ReadSoft debuts latest release of AP workflow automation at Oracle OpenWorld

ReadSoft, an Oracle Platinum Partner and leading global provider of document process automation for business applications, will present for the first time publicly, PROCESSIT 7.3 at Oracle OpenWorld 2013 in San Francisco, CA on September 22-26, 2013.The enhanced Oracle-validated solution offers new market-driven features and seamless integration with ReadSoft’s proven cloud-based service for invoice capture–providing companies of all sizes with greater flexibility and scalability in achieving optimal end-to-end AP processing performance. Oracle OpenWorld 2013 conference attendees

ReadSoft signs large XBOUND contract worth 1.8 MEUR with leading German BPO company

ReadSoft Germany has reached a significant agreement with a large Business Process Outsourcing (BPO) company for the insurance market in Germany. The deal is worth 1.8 MEUR and was signed in the third quarter of 2013. The deal includes licenses, maintenance and support.The organization, which serves large insurance companies on the German market, has purchased ReadSoft’s XBOUND mailroom solution. Previously the BPO company processed only forms automatically for some of their insurance customers. To increase efficiency they were looking for a mailroom solution to automate classification and

Energy technology giant renews confidence in ReadSoft with 400,000 EUR agreement

A top energy management solution provider has expanded its agreement with ReadSoft in order to further develop their Shared Services Center activities. The deal is worth 400,000 EUR and was signed with ReadSoft in France during the second quarter of 2013.The customer has used ReadSoft’s solutions for several years to automatically process hundreds of thousands of invoices annually at their Shared Service Centers. The customer wants to further consolidate and streamline their financial processes and the target is to implement more process automation solutions to gain greater efficiencies

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