ReadSoft signs contract with global Fortune 500 food company worth 500,000 EUR

ReadSoft has signed a deal with a global, leading Fortune 500 food company worth
500,000 EUR. The customer selected ReadSoft's SAP-certified invoice automation
solution to process hundreds of thousands of invoices and other business
documents annually in Europe.

The  global food  company, which  operates in  more than  40 countries, selected
ReadSoft  because  of  its  proven  track-record  within the SAP environment for
invoice  automation and its ability to  handle other business critical documents
across  the enterprise. The customer's objective  is to automate the handling of
its  accounts  payable  (AP)  business  documents  processing  and  by  doing so
eliminating inefficient and time consuming, manual processes.



After  a thorough benchmark, the customer decided to partner with ReadSoft based
on  proven deployment experience and  geographic coverage. The software's proven
stability  with thousands of users all over the world, its effective integration
into  SAP and  the solution's  user friendliness  were some  of the  reasons for
choosing  ReadSoft.  The  solution  offers  a  significant  business value, thus
allowing  the  customer  to  make  better  use  of  its employees, ensure higher
information quality, and improve security.



"The investment that large companies are willing to make in our solutions to
automate the capture and flow of business documents is a clear statement that
our products fit the technology direction of leading companies, " says Jan
Andersson, CEO at ReadSoft. "This agreement also aligns with our strategy of
expanding our position within multinational companies and with our presence
worldwide, we can also offer global solutions with local support









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>






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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