European oil and gas group invests EUR 320,000 in solutions from ReadSoft

A leading oil and gas company in Central-Eastern Europe has decided
to invest in ReadSoft's invoice processing solutions for SAP® to make
their invoice processing more efficient. The agreement covers the
processing of more than a couple of hundreds of thousands invoices
annually. The order is worth approximately EUR 320,000 to ReadSoft.

This leading company, with headquarters in Central-Eastern Europe,
has operations across Europe, Middle East, Africa and the CIS member
states and employs over 15,000 people worldwide.

With the goal of making their accounts payable processes more
efficient, this company decided to invest in ReadSoft's solution.
Maintaining a leading position requires the implementation of the
latest technologies on the market, which is why they started
searching for solutions to automate their invoice processing.
Manually processing invoices and other related documents was
consuming too much time and too many resources. They found that
ReadSoft's solution offers significant business value, allowing
customers to make better use of their employees, ensuring
higher-quality information and improving security.

The new work process will also give this customer the opportunity to
better comply with internal control procedures by knowing exactly
where the invoices are, what their status is, what operations have
been made and by whom. With a very large amount of approvers within
the organization the lead times within accounts payable will shorten
dramatically. The roll-out of the new solution will start at the
company's headquarters before summer. If things go according to plan
a subsidiary within the group, is looking to implement the same
solution shortly after that.

"This is one of our larger reference customers in Eastern Europe when
it comes to invoice processing within SAP, and as such a very
important one," says ReadSoft CEO Jan Andersson. "We are very excited
about the fact that companies in this part of Europe now also are
investing in solutions that will make them more efficient."

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.