ReadSoft signs USD 350,000 agreement with energy company in North America

ReadSoft has received an additional order worth approximately USD
350,000 from one of the world's largest manufacturers of equipment
for electrical power distribution, industrial control and automation.
This solution from ReadSoft will automate and optimize supplier
invoice processing and integrate with the customer's Oracle
E-Business Suite system; the company has already purchased ReadSoft's
invoice processing solution for a separate subsidiary using SAP. The
agreement covers the processing of hundreds of thousand invoices
annually throughout the company's U.S. operations.

This North American customer helps power generators distribute
electricity, designs automation systems for the automobile and water
treatment industries, builds infrastructure for airports, etc. The
group employs 120,000 people in 102 countries and generated revenue
of USD 22 billion in 2007.

With the goal of making their accounts payable processes more
efficient, this leading company decided to invest in ReadSoft's
solution. Maintaining a leading position requires the implementation
of the latest technologies on the market, which is why the company
also started searching for solutions to automate invoice processing.
Manually processing invoices was too consuming, and in order to
increase invoice processing without hiring more people, the company
needed to automate document capture and optimize invoice processing.
ReadSoft's solution was found to offer significant business value by
allowing customers to make better use of employees, ensuring
higher-quality information and improving security."We understand why multinational companies use multiple ERPs in
worldwide operations and are able to collaborate with these companies
as such," says ReadSoft CEO Jan Andersson. "The fact that ReadSoft is
both multinational in nature and offers certified solutions for the
most widely-used ERP-systems makes us a perfect fit for worldwide
companies seeking optimal accounts payable efficiency in both SAP and
Oracle E-Business Suite."


For additional information please contact;
ReadSoft
AB
Jan Andersson, CEO, ReadSoft

Phone: +46 708 - 37 66 00
Jonna Opitz, Vice President, Corporate
Communications
Phone: +46 733 - 37 86 68
jonna.opitz@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.
Specialized solution labs for SAP, Oracle, Microsoft and Capture
processes ensure cutting edge solutions with great customer value.
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.