ReadSoft signs USD 265,000 agreement with American pharmaceutical company

ReadSoft has received an order from a large pharmaceutical company in
the U.S. The solution from ReadSoft, which is integrated with the
company's SAP system, will automate and optimize the handling of tens
of thousands invoices annually. The order is worth approximately USD
265,000.

ReadSoft is the leading solution provider for automation of  document
processing in SAP environments and  offers solutions to optimize  and
extend the performance of SAP  systems. The company has designed  the
system to reside within the  SAP system landscape and accelerate  the
process throughout the entire accounts payable cycle.

This new  American  customer  required  a  system  that  was  tightly
integrated with  SAP, had  little to  no customizations,  offered  he
ability to integrate with  SAP SRM and  had reporting capabilities  -
all while  enabling  the  organization  to  image  and  automate  the
processing of incoming  invoices. After making  an overall  analysis,
this leading pharmaceutical company selected ReadSoft as their vendor
of choice for two main  reasons. The software's proven stability  and
ReadSoft's effective  integration into  SAP and  especially SAP  SRM.
Being a leading company in the world of pharmaceuticals this  company
is  constantly  looking  for  performance  enhancements  and  process
improvements. ReadSoft's solution offers significant business  value,
allowing the  company to  make better  use of  its employees,  ensure
higher-quality information and improve security."This company's decision to invest in ReadSoft's industry-leadingsolution for invoice automation proves that our software is
well-suited also for middle-sized companies", says Jan Andersson,
President and CEO of ReadSoft. "We believe that easy invoice handling
inside the familiar SAP environment creates high user acceptance, and
that's important for all types of companies."




For additional information please 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.