ReadSoft signs global partner agreement with HP

ReadSoft has signed a global partner agreement with HP. The
cooperation will initially target SAP markets in the US, UK, France,
Benelux, Germany and Spain. The software will be sold by HP and
offered as part of its multifunction printer (MFP) business solutions
for Accounts Payable Automation.

The agreement is in line with ReadSoft's strategy of expanding its
partner business. This means that ReadSoft's INVOICES and SAP
targeted products will be sold by HP through the HP Solutions
Business Partner Program initially in select markets in EMEA and in
the US."HP is the world's largest technology company and this collaboration
is indeed a success for us" says Jan Andersson, president and CEO for
ReadSoft. "Initially, HP will resell our INVOICES and SAP targeted
products to select markets but the ambition from our side is to make
our entire offer available worldwide."

In preparation, ReadSoft has provided product and sales training to
account teams in EMEA, the US and Canada, and in the Asia Pacific
region. ReadSoft will continue to conduct additional training events.

The INVOICES and SAP solutions from ReadSoft automatically read
information on an invoice, interpret it, and match it with the
Purchase Order and/or the Goods Receipt Note. After the 3-way match
has been automatically completed, the invoice is ready for posting
into the customers SAP system. If there are any ambiguities or
exceptions, the system will simply forward the invoice electronically
for query, verification, approval and payment.

By using solutions from ReadSoft, customers experience improved
transparency and traceability which greatly enhance opportunities for
quickly responding to invoicing inquiries, thereby offering more
effective service to suppliers. The solution also offers a quick
return on investment due to lowered costs and better data quality
when processing invoices.


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

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