ReadSoft signs EUR 365,000 deal with a support services company in the UK

ReadSoft has been entrusted to install a system for electronic
invoice processing at a support services company in the UK to
automate their accounts payable operations. The deal covers the
processing of some five hundred thousand invoices annually and the
order value is approximately EUR 365,000.

Handling very large amounts of invoices manually is time consuming
and costly. This support services company that provides
infrastructure maintenance services for its customers has an issue
with many thousands of suppliers, half a million invoices and 30
people handling the accounts payable process.

In order to increase business efficiency they went looking for a
solution for electronic invoice handling. After a thorough benchmark
with the leading suppliers in the market, this company decided to
partner with ReadSoft. The solution from ReadSoft will eliminate
manual reading and interpretation of invoices and will enable an
entirely electronic workflow where paper invoices are no longer
shuffled around the company."We are very happy about this deal, both for its future importance as
reference and for the fact that ReadSoft proved to come out on top
after comparison with competing solutions on the UK market. Our
solution for electronic invoice processing will provide this customer
with substantial value and increased business efficiency, says Jan
Andersson, President and CEO at ReadSoft.





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.