ReadSoft feeds efficiencies and cost savings into the food manufacturing industry in Australia

ReadSoft feeds efficiencies and cost savings into the food manufacturing
industry in Australia

ReadSoft is working closely with companies in the food manufacturing
industry adding value by automating invoice processing for increased
efficiencies. A number of large SAP invoice automation projects in
Australia have been added to the ReadSoft portfolio with a combined
order value in excess of 1.0 MUSD. The agreements were signed during the
second quarter of 2011.

ReadSoft's SAP-certified invoice automation solution has proven to be
extremely well positioned for larger companies. With the recent wins as
well as several other announcements from the Australian market ReadSoft
is making itself known as the number 1 solution within document
automation in Australia. 
ReadSoft was awarded the projects after a thorough evaluation of a
number of vendors. The customers' main reasons for investing in
ReadSoft's invoice automation solution were; reduced time for invoice
processing, improved monitoring and tracking of invoices and a more
efficient process for handling invoices with errors or queries.
ReadSoft's market leading position, its effective seamless integration
into SAP, and a proven track record with thousands of references
worldwide played a major part in the customers' decision-making process.
ReadSoft offers the ability for further automation of other request and
paper-driven financial processes managed by shared services. These
include PO requisitions, master data creation and maintenance, finance
posting corrections and much more.
“ReadSoft's solutions are able to manage the processing of millions of
invoices in multiple countries and ERP environments,” says Jan
Andersson, President and CEO of ReadSoft. “Within the SAP-segment,
ReadSoft is at the forefront which was very important to these companies
when choosing an invoice processing supplier. I am certain that we will
help these companies boost their invoice processing routines and become
more efficient.”
ReadSoft's counterparty in the transaction has requested to remain
anonymous and is not mentioned by name in this press release. This
information is released by ReadSoft AB (publ) in accordance with its
publication requirements as set out by the Swedish Securities Markets
Act and/or the Financial Instruments Trading Act. The information was
submitted for publication on June 30, 2011 at 16:30 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)