ReadSoft signs its first Oracle E-Business Suite On-Demand customer with Dinero Solutions

ReadSoft's Oracle-certified invoice processing solution is live at Convergent
Resources, one of America's five largest revenue cycle, receivables and customer
care management companies. Convergent Resources is based in Atlanta, GA and is
the first Oracle E-Business Suite On-Demand hosted customer in the United States
to implement ReadSoft's AP automation solution.

In   cooperation  with  Dinero  Solutions,  ReadSoft  has  fortified  Convergent
Resources  with world-class  technology to  assist with  the processing  of over
15,000 invoices annually with minimal staff.



After  automating its accounts payable operations, Convergent Resources' invoice
data  is no longer  manually entered into  Oracle for line  item matching, which
allows  for  better  use  of  employees, higher-quality information, better data
accuracy  and  improved  security.  As  an  easy-to-use  solution that leverages
standard  Oracle  processes  and  workflows,  the  solution delivers significant
business value.



"As  a multi-entity  holding company,  we needed  a system  that could  meet the
various  requirements  of  our  individual  units  and  still  enforce  standard
processes in our configuration," says Kevin Shiotelis, Controller at Convergent.
"The  ReadSoft and Dinero team were very responsive and diligent when it came to
working with the hosted Oracle environment."



"Having worked with Convergent Resources since 2005 as well as being a certified
Oracle On-Demand and ReadSoft partner, this project was a tremendous opportunity
to  deliver value to all parties," says  Chris Goeckel, CEO at Dinero Solutions.
"Together  we have instituted a strong solution that will drive profits directly
to the bottom line at Convergent Resources."



"Chris  and his  team where  very supportive  partners to  work with  during the
process  of implementing our first Oracle E-Business Suite On-Demand customer in
the U.S.," comments Bob Fresneda, President of ReadSoft North America. "With the
success  of our collaboration, we were able to institute the solution within the
framework of Oracle's hosted E-Business Suite Application environment in Austin,
Texas as well."



"We are very pleased to have signed and implemented our first Oracle E-Business
Suite On-Demand customer in the US," says Jan Andersson, President and CEO of
ReadSoft. "The value that our solution generates for Convergent Resources
clearly shows the benefit companies gain by using our products."



About Dinero Solutions:

Dinero Solutions, headquartered in Duluth, Georgia is a recognized leader in the
Southeast for providing innovative Oracle enterprise professional services to
mid-market and Fortune 1,000 companies.  Dinero Solutions has helped Utility,
Technology, Financial Services, and Retail Companies in over 30 states within
the US and 12 countries around the world implement individual modules or the
full suite of Oracle Applications to build a competitive business advantage.
Dinero Solutions is also a certified Oracle On Demand and ReadSoft solutions
provider. For more information about Dinero visit www.dinerosolutions.com.





For additional information, please contact



ReadSoft
AB

Jan Andersson, CEO

Phone: +46 708 37 66 00

Johan Holmqvist, Vice President, Corporate Communications

Phone: +46 708 37 66 77

Email: johan.holmqvist@readsoft.com <mailto:johan.holmqvist@readsoft.com>




ReadSoft North America:

Bob Fresneda, President ReadSoft North America

Phone: +1 504 841 0111

Email: bob.fresneda@readsoft.com <mailto:bob.fresneda@readsoft.com>

Alayne Pregeant, Marketing Manager, ReadSoft North America

Phone: +1 504 841 0119

Email: alayne.pregeant@readsoft.com <mailto:alayne.pregeant@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. 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
<http://www.readsoft.com/>.





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