International chemical company invests €350,000 in solutions from ReadSoft

ReadSoft has received an additional order worth approximately 350,000
EUR from a large French chemical Group. The order today, is an
upgrade of the agreement signed and announced in November 2007. The
solution from ReadSoft will automate and optimize supplier invoice
processing at the company's European Shared Service Centre and will
also integrate with the installed SAP system. The roll-out of the
solution is expected to start during the summer of 2008.

This French customer is the partner of major players in the
automotive, tire, electronics, perfume, health and beauty, and home
care markets. The group employs around 16,000 people in the US,
Europe, Asia and South America, and generated sales of €4.8 billion
in 2006.

With the goal of making their accounts payable processes more
efficient, the U.S. branch of the company decided to invest in
ReadSoft's solutions already in November 2007. The new, entirely
automated, work process was put into production during spring of
2008. The time schedule for the roll-out in the U.S. has proceeded
according to plan and the expectations of the solution have been met.
Therefore, the decision was made to expand the solution to cover the
group's operations in Europe as well."Our strategy of gaining a foothold with multinational companies to
set the stage for group-wide agreements has succeeded once again,"
says ReadSoft President and CEO Jan Andersson. "Our SAP-solutions
satisfies the strict requirements of multinational companies when it
comes to handling documents in the purchase-to-pay and order-to-cash
areas. With our presence worldwide we can also offer global solutions
with local support."

Maintaining a leading position requires the implementation of the
latest technologies on the market, which is why many multinational
groups choose to automate their invoice processing. Manually
processing invoices and other related documents is time and resource
consuming. ReadSoft's solutions offer significant business value,
allowing customers to make better use of their employees, ensuring
higher-quality information and improving security.



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

Phone: +46 708 - 37 66 00
Jonna Opitz, Vice 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 Nasdaq OMX Nordic
Exchange Small Cap list. For more information about ReadSoft, please
visit www.readsoft.com.