ReadSoft signs US$368,000 deal with U.S. based manufacturing company

ReadSoft has closed yet another SAP-related deal on the U.S. market.
An internationally renowned manufacturing company has turned to
ReadSoft to increase their invoice handling efficiency. The deal is
initially worth US$368,000.

Partially due to the economic climate, this new ReadSoft client
sought out ways to realize savings in its back office operations. The
company identified many areas for improvement in its invoice handling
process, where manual approval and allocation was demanding a lot of
time and resources.

With ReadSoft's solution, the organization will benefit from a tight
integration with their existing SAP system. ReadSoft's software
automatically extracts information from the incoming invoices and
matches the invoice information against data in the SAP system. This
way, errors and exceptions can be detected immediately. The invoices
are then sent for approval in an electronic workflow."This company chose us because of our integration with SAP, the
breadth of our solutions, and our versatility in meeting and defining
their various requirements," comments Jan Andersson, CEO of ReadSoft."The deal further strengthens our position as the number one supplier
of invoice automation solutions in the U.S. and in the rest of the
world, and I am certain that this new client will realize substantial
savings and efficiency gains by using our software."






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.