AGC Europe choose ReadSoft to automate their Accounts Payable process in SAP

AGC Europe has chosen ReadSoft's electronic invoice processing
solution. The European Group will initially automate the handling of
120,000 invoices annually. ReadSoft's solution will be linked to
AGC's SAP enterprise system.

AGC Europe is part of world-wide leader Asahi Glass Company (AGC) of
Japan. The AGC Group is one of the major industrial groups in Japan,
with a strong presence across Asia, Europe and North America. AGC
Europe provides expertise, support and services to AGC businesses in
Europe. The main activities include AGC Flat Glass who manufactures
flat glass products used mainly in the building industry and AGC
Automotive who develops and produces high tech automotive glass.

Within AGC Europe an internally developed system has been used to
process supplier invoices at some of the plants. But when the
European branch decided to expand and optimize the Purchase to Pay
process in all subsidiaries, the internal solution was not good
enough. So they went looking to find the best possible solution. AGC
Europe formed a project team that studied the invoice automation
market and after a thorough investigation their decision was to go
with ReadSoft."We have chosen ReadSoft not only for the performance of their
solution but also for their expertise in the SAP environment. The
fact that their software is able to process all European languages on
a single platform was also a key factor," explains Rudy Marthus,
responsible for the implementation of the solution at AGC Europe.

ReadSoft DOCUMENTS for Invoices will initially process Russian,
French, English and Czech invoices. AGC Europe has chosen to install
the "Packaged Solution for SAP" from ReadSoft. The solution is based
on best practices from all ReadSoft customers in the SAP environment
and will allow the solution to be in production within shortly. The
solution already integrates with pre-setup processes and common
scenarios."By choosing our Packaged Solution this customer will be able to
utilise the benefits of electronic invoice processing very quickly
and thus experiencing a fast ROI", says Jan Andersson President and
CEO at ReadSoft.



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.