Prominent electronics manufacturer signs deal worth over 300,000 USD for ReadSoft’s invoice automation solution

An innovative company in the design and manufacturing of electronic products has
signed an agreement with ReadSoft North America to automate its invoice process
with ReadSoft’s SAP®-certified invoice automation solution. The deal, valued at
over 300,000 USD, was signed in the fourth quarter of 2013.

The company realized its paper intensive process was slow and inefficient.
Manual handling of paying invoices across its enterprise was restricting its
ability to have control over its account payable operations.  Moving to a shared
services strategy and streamlining its accounts payable procedures became a
priority.
Pursing an automation solution with a smooth integration into its SAP Enterprise
Resources Planning System, the organization chose ReadSoft to lead its invoice
processing initiative because of ReadSoft’s world-class solution and unmatched
history of successful implementations within SAP environments. With the decision
to automate its invoice process, the company will be able to reduce invoice
processing cycle time while improving visibility and control over its invoices.
“Companies like this that standardize processing with automation enterprise-wide
quickly realize faster, leaner and more cost-effective operations,” says Per
Åkerberg, President and CEO of ReadSoft. “We look forward to being a part of
this customer’s success in achieving greater efficiency in their accounts
payable process.
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 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 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