ReadSoft signs USD 350,000 agreement with agricultural company in North America

A leading agricultural company in North America has decided to invest
$350,000 USD in ReadSoft's accounts payable automation solutions for
SAP. The agreement was signed in September 2008 and covers the
processing of more than one hundred thousand invoices annually.

This North  American  company was  looking  for an  accounts  payable
solution that could improve both processes and efficiency in the  A/P
department. After  a  thorough  investigation  they  found  that  the
comprehensive SAP solution from ReadSoft was the best match to  their
requirements. Having talked to a number of ReadSoft's SAP  references
they realized that this  was the solution  that could maximize  their
earlier 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 reduce costs. ReadSoft's SAP  solution
will be  used to  process  more than  one hundred  thousand  invoices
annually."This company required a truly integrated enterprise solution
residing inside SAP, one that improves all the processes within
accounts payable," says Jan Andersson, President and CEO of ReadSoft."We are very pleased to have been selected after an exhaustive
evaluation by this customer. The agreement is further endorsement of
both our strategy and delivering in the North American market."







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.