ReadSoft signs agreement worth 242,000 EUR with leading Belgian company

A leading Belgian company in the DIY (do-it-yourself) market has chosen to
implement ReadSoft’s product PROCESS DIRECTOR for Accounts Payable to automate
their end-to-end process of handling incoming invoices. The deal is worth
242,000 EUR and was closed in cooperation with ReadSoft’s partner Dynatos. The
agreement was signed during the fourth quarter of 2012.
This new customer is processing hundreds of thousands of invoices every year and
will start using ReadSoft’s product PROCESS DIRECTOR for Accounts Payable to
streamline their invoice processing in SAP®.
The customer sought an automation solution with seamless integration into their
SAP environment to streamline its accounts payable (AP) operation and enable
greater processing efficiencies across their organization. The company
recognized ReadSoft’s unparalleled track record of thousands of implementations
within SAP environments and therefore selected ReadSoft’s SAP-certified invoice
automation solution to spearhead its invoice processing initiative. By
automating its invoice process, the customer’s accounts payable personnel will
be able to reduce manual invoice handling and cycle times, improve visibility
and maximize control over their invoices and related financial processes.
This agreement was closed together with ReadSoft’s business partner Dynatos, who
will be performing the implementation project. Based on ReadSoft’s best practice
project approach and Dynatos’ ability to deliver implementations in standard SAP
environments for accounts payable processing, the implementation will be
delivered within the requested time frame, which proved to be one of the
decisive factors in the customer’s selection process.
“As companies strive to achieve more with less, we deliver technology to help
maximize their existing investments in SAP,” says Per Åkerberg, President and
CEO of ReadSoft. “We are excited to deliver flexible, user-friendly AP
automation technology to end users within this organization, allowing them to
conduct faster, less expensive financial operations all within their native SAP
environment.”
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 January 3, 2013 at 14:30 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.