ReadSoft signs USD 750,000 agreement with forest products company in the U.S.

One of the world's largest forest products companies has decided to
use ReadSoft's accounts payable automation solutions for SAP to
process 620,000 invoices annually. The agreement is worth $750,000
USD and the project is expected to go live in Q1 2009.

This U.S.-based company turned to ReadSoft to speed up their accounts
payable processes and improve efficiency. They soon realized that  by
using the ReadSoft solution, they could maximize their investment  in
the SAP business system  and at the same  time employ best  practices
for automating processes within accounts payable.

The  solution  from  ReadSoft  offers  significant  business   value,
allowing the  customer  to  make  better use  of  its  staff,  ensure
higher-quality information and gain overall efficiencies.  ReadSoft's
SAP solution will be used to process 620,000 invoices annually."This order follows an extensive and competitive benchmark and shows
the confidence that North American companies have in ReadSoft's
ability to deliver a superior solution that meets their
requirements", says Jan Andersson, President and CEO of ReadSoft."ReadSoft's accounts payable solutions resides inside SAP and help
customers improve quality and productivity while significantly
reducing costs, which is a major challenge for all businesses today."








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.