Large travel group chooses ReadSoft in 1.6 MEUR deal

One of Europe’s largest travel groups has chosen ReadSoft to automate their full
financial suite in SAP in an initial deal worth 1.6 MEUR. The agreement was
signed during the second quarter of 2014.

Due to the customer’s market, spanning multiple companies, countries and
processes, keeping on top of their finance situation is both complex and
critical.  With millions of invoices, documents and remittances each year, it
was important to choose an experienced partner that could handle multiple
processes within a SAP certified, full end-to-end finance suite solution. This
means that important finance processes, within SAP are automated.  Of course,
with a business of this complexity, the overriding control of master data is
also important and the ReadSoft solution does just that.
The deal, ReadSoft’s largest so far in 2014 and one of the largest in ReadSoft’s
history, covers licenses, services and maintenance.  During the competitive
sales process, ReadSoft was selected not just due to the breadth and depth of
its automation software – but the close-knit international community of ReadSoft
consultants.  These consultants provided the expertise and surety that the
solution was the right one both now and in to the future.
”This win demonstrates ReadSoft’s strength in SAP end-to-end business process
automation,” said Per Åkerberg, President and CEO of ReadSoft.  “This customer
has taken advantage of ReadSoft’s strategic vision that major organizations
should maximize their return on investment by automating their financial
business processes.”
Simon Shorthose, Managing Director of ReadSoft UK added: “The international
aspect of ReadSoft’s solutions and experienced consulting network was critical
in selection.  Having great software is only a piece of the puzzle – having
knowledgeable people and a reliable business partner is also key.”
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 June 10, 2014 at 09:00 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 simplifies business for organizations of all sizes with
applications for business processes such as accounts payable
automation (http://www.readsoft.com/solutions/by-department/accounts-payable
-automation), accounts receivable (http://www.readsoft.com/solutions/automation
-for-sap/accounts-receivable), sales order
processing (http://www.readsoft.com/solutions/automation-for-sap/sales-order
-processing-sap), and multichannel mailroom
automation. (http://www.readsoft.com/solutions/document-process
-automation/mailroom-automation) Its on-premises and cloud document process
automation solutions (http://www.readsoft.com/solutions/document-process
-automation/mailroom-automation) enable some of the world’s largest corporations
as well as small and medium businesses to compete and thrive in today’s
environment by improving customer and supplier satisfaction, increasing
operating efficiency, and providing greater visibility into business processes.
ReadSoft is the world’s number one choice for invoice processing
automation (http://www.readsoft.com/solutions/document-process
-automation/invoice-processing), and its applications integrate seamlessly with
ERP systems from SAP (http://www.readsoft.com/solutions/automation-for-sap/sales
-order-processing-sap), Oracle (http://www.readsoft.com/solutions/automation-for
-oracle-e-business-suite), Microsoft (http://www.readsoft.com/solutions/document
-process-automation/invoice-processing-for-microsoft-dynamics), as well as with
many other business systems. Since 1991, the company has grown into a worldwide
group, delivering industry expertise and support in 17 countries on six
continents through its local and global partner network. ReadSoft is
headquartered in Helsingborg, Sweden, and its share is traded on the NASDAQ OMX
Stockholm’s Small Cap list. Visit www.readsoft.com.