Australian government shared services provider signs agreement with ReadSoft worth 450,000 USD

Australian government shared services provider signs agreement with
ReadSoft worth 450,000 USD

An Australian government shared services provider in New South Wales
embraces ReadSoft's accounts payable automation solution. Hundreds of
thousands of invoices per year will be automatically processed by
ReadSoft's SAP-certified solution. The deal is valued at 450,000 USD and
was signed during the first quarter 2011.

The Australian government shared services provider has clear objectives
in mind. With a high volume of invoices, there is undoubtedly enormous
financial savings to be gained for their customers by reducing the
costly manual work and lengthy time spent on processing invoices. Their
strategic goals are to enhance service levels and improve productivity
efficiencies to deliver effective business services to clients.
The shared services provider turned to document process automation
software vendors, seeking a solution to automate their accounts payable
(AP) processes in their existing SAP system. After careful evaluation of
these vendors, ReadSoft was selected for a number of reasons; ReadSoft
has extensive experience in implementing solutions that manage the AP
process, which is particularly complex within a shared services
environment. The large number of solid reference sites for their
SAP-certified AP automation solution in the market boosted the service
provider's confidence in ReadSoft's highly competent and knowledgeable
team. The solution also runs seamlessly within the SAP system, making it
very convenient and easy for existing staff with little downtime for
learning.
The ReadSoft accounts payable automation solution will streamline
efficiencies by automating the processing of invoices from arrival to
payment - including invoice capture, matching, and automated workflow
approval processes. The solution also incorporates advanced reporting
functions, giving immediate visibility into the accounts payable
processes.
“Our solutions are no longer limited to private businesses; in fact, the
government sector is leading the way when it comes to implementation of
such solutions within a shared services environment,” says Jan
Andersson, President and CEO, ReadSoft. “With this positive outlook in
the government sector combined with our expertise on the market, we are
confident that we will take government services to the next level.”
This information is such that ReadSoft AB (publ) is to publish in
accordance with the Swedish Securities Markets Act and/or the Financial
Instruments Trading Act. The information was submitted for publication
on March 31, 2011 at 2:00pm CET.

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 (johan.holmqvist@readsoft.com)