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
the need for 3rd party resources, the organization decided to automate its AP
operations inside its SAP enterprise resource planning (ERP) system.  It was
also critical to find a solution that had multi-language capability.
A comprehensive vendor search revealed ReadSoft’s strength in the marketplace
because of its solid integration into SAP and extensive experience with
successful SAP automation implementations.  With the selection of ReadSoft’s
invoice automation solution, the company will have real-time visibility and gain
better control over its AP process.  This will allow the organization to achieve
best-in-class industry standards and improve its vendor relationships.
”Organizations who recognize the need to standardize their accounts payable
operations throughout the company are achieving significant cost savings and
gaining efficiencies through automation.” says Per Åkerberg, President and CEO
of ReadSoft. “We look forward to playing an important role in the success of
this customer as they propel their AP process forward.”
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 2, 2014 at 11.30 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 applications for automating business
processes in the cloud  (http://www.readsoft.com/solutions/document
-processing/capture-in-the-cloud)or on premise. ReadSoft is by far the world’s
number one choice for invoice processing
automation (http://www.readsoft.com/solutions/document-processing/invoice
-processing), especially into business systems from
SAP (http://www.readsoft.com/solutions/automation-for-sap) and
Oracle (http://www.readsoft.com/solutions/automation-for-oracle). ReadSoft’s
software enables companies to automate document processes such as accounts
payable processing (http://www.readsoft.com/solutions/by-department/accounts
-payable), and mailroom automation (http://www.readsoft.com/solutions/document
-processing/mailroom-automation). 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