ReadSoft Asia closes its first major deal worth €420,000

One of the larger corporations in South East Asia is investing in
electronic invoice processing from ReadSoft. The agreement covers the
processing of 400,000 invoices annually. The ReadSoft solution will
automatically process the invoices received and integrate with the
installed SAP system. The value of the agreement is 420,000 EUR.

Due to competitive markets ReadSoft is not granted permission to
mention the name of this new customer, a Fortune 500 company with a
globally leading position. The agreement covers a world-wide rollout
of the solution from ReadSoft and its partner over the next 12
months.

Having run a SAP business system for some years, this customer wanted
to further improve its accounts payable processes by extending its
financial system to also automatically read and process supplier
invoices. After making an overall analysis, the company selected
ReadSoft as their vendor of choice for two main reasons: the
software's proven stability and ReadSoft's effective integration into
SAP. ReadSoft's solution offers significant business value, allowing
the company to make better use of its employees, ensure
higher-quality information and improve security. When the system is
fully up and running the customer will be able to receive electronic
invoice images for approval, rather than paper invoices."We are very happy about this deal since it is the first major order
for our newly established Asian subsidiary. The deal also adds
another valuable reference to our list of SAP clients and will be an
important reference customer for us in this region," says Jan
Andersson, President and CEO of ReadSoft.




For additional information, contact
ReadSoft
AB
Jan Andersson, CEO, ReadSoft

Phone: +46 708 - 37 66 00
Jonna Opitz, Vic President, Corporate
Communications
Phone: +46 733 - 37 86 68
jonna.opitz@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.
Specialized solution labs for SAP, Oracle, Microsoft and Capture
processes ensure cutting edge solutions with great customer value.
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 Nordic Stock Exchange
Small Cap list. For more information about ReadSoft, please visit
www.readsoft.com.

More about our solutions for SAP processes