Coop Supermarkten in the Netherlands chooses ReadSoft's SAP certified solutions for automated invoice processing

Coop Supermarkten in the Netherlands, a leading organization in the Dutch retail
industry,  has invested in  ReadSoft's invoice processing  solution for SAP. The
solutions  from ReadSoft will  help Coop Supermarkten  (Coop) to realize savings
and  improve the quality of their  financial processes. The agreement covers the
processing of 680,000 invoices annually.



By  automating their invoice  processing, Coop is  able to process  and book all
supplier and general expense invoices into SAP with minimal manual intervention.
Coop's  office  in  Velp,  in  the  Netherlands,  receives  paper and electronic
invoices that previously were processed manually and by outdated software, which
lead to lengthy and time-consuming processes.



The  purpose of Coop's automated document  handling project is to realize faster
processing,  booking,  and  payment  of  all  incoming  invoices in one integral
system.  Price differences  between orders  and invoices  should be  quickly and
easily  discovered.  Furthermore,  the  software  should  be  user-friendly  for
accounts payable and budget stakeholders.



ReadSoft's  invoice processing  solution for  SAP gives  Coop the opportunity to
automate  their  invoice  processing.  "We  have  chosen ReadSoft because of its
proven  solution and we  need the handling  speed to make  sure the process runs
smoothly", says Jan van Boeijen, Head of Finance at Coop in the Netherlands.



The  process has  been successfully  implemented and  helps Coop ensure quality,
good  service and satisfaction for both  customers and suppliers. Currently Coop
is  investigating the possibility of automating other document related processes
with ReadSoft's solutions.



"ReadSoft is very pleased to support companies like Coop who wants to improve
the efficiency of their accounts payable processes," says Jan Andersson, CEO at
ReadSoft AB. "We look forward to expand our collaboration with Coop and to help
them achieve best-in-class practices within document automation processes."



For additional information, please contact



ReadSoft
AB

Jan Andersson, President and CEO

Phone: +46 708 37 66 00

Johan Holmqvist, Vice President, Corporate Communications

Phone: +46 708 37 66 77

Email: johan.holmqvist@readsoft.com <mailto:johan.holmqvist@readsoft.com>


Gert-Jan de Vries, Managing Director, ReadSoft Benelux

Phone: +31 33 468 14 14





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. 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
<http://www.readsoft.com/>.





[HUG#1397746]