French retail chain invests 745,000 EUR in ReadSoft's invoice processing solution A leading French retail chain has decided to expand its use of ReadSoft's invoice processing (http://www.readsoft.com/purchase-to-pay/accounts_payable.asp x) solutions. The expanded agreement is worth 745,000 EUR and concerns invoice processing inside the customer's SAP system. This French retail chain has been using ReadSoft's invoice processing (http://www.readsoft.com/purchase-to-pay/accounts_payable.asp x) software for many years and now wanted to expand the usage to gain further efficiencies. The new agreement concerns invoice processing into the customer's existing SAP system where invoices are imported, compared against purchase orders in SAP, and sent for approval in an electronic workflow. Everything is handled inside SAP using the customer's familiar SAP environment. “This is an important order for us, not only because of its size, but also because this major client is satisfied enough to expand their use of our invoice processing (http://www.readsoft.com/purchase-to-pay/accounts_payable.asp x) software.” comments Jan Andersson, President and CEO of ReadSoft. “Lately, many clients have been upgrading and expanding their solutions, which we see as a sign of affirmation and trust that our invoice processing software is indeed crucial to our customers' business.” This information is such that ReadSoft AB (publ) is to publish in accordance with the Swedish Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication on December 21, 2010 at 10:15am CET. For additional information, please contact ReadSoft AB Jan Andersson, President and CEO Phone: 46 708 37 66 00 Johan Holmqvist, Vice President, Corporate Communications Phone: 46 708 37 66 77 Email: johan.holmqvist@readsoft.com (johan.holmqvist@readsoft.com)
French retail chain invests 745,000 EUR in ReadSoft's invoice processing solution
| Source: ReadSoft AB
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