Leading UK financial institution chooses ReadSoft in 2.6 MEUR deal

A leading UK financial institution has chosen ReadSoft to automate the
management and process of customer correspondence in a deal worth 2.6 MEUR. This
is the single largest deal ever in ReadSoft’s history and the agreement was
signed during the fourth quarter of 2012. The deal consists of licenses, support
and maintenance and product related consulting services and spans over three
years.
The customer’s mailroom handles millions of documents each year. This high
volume and complex environment requires a solution capable of handling not only
the volume of correspondence, but in a regulated industry, the ability to manage
and automate processes quickly and accurately to all the core internal systems.
The ReadSoft solution provides advanced classification and accurate data
extraction – including the handling of handwritten documents and automated
routing of all correspondence irrespective of formats.
Speed, accuracy and compliance are essential in the banking and insurance
market, under the scrutiny of regulators and with organizations looking to
protect and enhance their reputation and trust and more importantly improve
customer experience and responsiveness.
”This win reinforces ReadSoft’s continued success and growth in the high volume
business process automation, mailroom and finance processes marketplace,” said
Per Åkerberg, President and CEO of ReadSoft. “This is the single largest deal in
ReadSoft’s history and continues the position of ReadSoft as a strategic
component of major organizations business operations and adding value to
automate business processes.”
Simon Shorthose, Managing Director of ReadSoft UK added: “This is testament to
the advanced solutions ReadSoft has and the ability to drive automation and
benefits for our customers in high volume customer service environments.”
Within this press release, ReadSoft’s customer in the transaction or co
-operation is not mentioned by name. This is due to the fact that they have
requested to remain anonymous. This is information of the type that ReadSoft AB
(publ) is obligated to disclose in accordance with the Swedish Securities
Markets Act and/or the Financial Instruments Trading Act. The information was
submitted for publication on December 27, 2012 at 15:30 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
About ReadSoft
ReadSoft is a leading global provider of software solutions for Document Process
Automation. ReadSoft’s software enables companies to automate document processes
such as accounts payable processing (http://www.readsoft.com/purchase-to
-pay.aspx), document capture (http://www.readsoft.com/enterprise-capture.aspx),
document sorting (http://www.readsoft.com/software-products/document
-capture.aspx), and order to cash (http://www.readsoft.com/order-to-cash.aspx).
ReadSoft is by far the world’s number one choice for automated invoice
processing (http://www.readsoft.com/software-products.aspx), especially into
business systems from SAP (http://www.readsoft.com/default/sap-solutions) and
Oracle (http://www.readsoft.com/default/oracle-solutions). 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.