ReadSoft extends back office automation for global telecommunications company via new agreement worth 310,000 EUR

ReadSoft extends back office automation for global telecommunications company
via new agreement worth 310,000 EUR

ReadSoft, a global leading document process automation company, has signed an
expansion agreement worth 310,000 EUR to expand document and invoice automation
for a UK based global telecommunications provider. The agreement was signed
during the fourth quarter of 2011.

ReadSoft has extended an existing four year relationship to accommodate recent
centralization activities and increased business demands in Europe for this
telecommunications giant. During this period the demand for invoice processing
has more than doubled.
The company originally chose ReadSoft to deliver improved efficiencies within
the financial function and continues its commitment to automation, expanding
capability to process their increasing volumes of documents. To achieve this,
the organization is extending the deployment of software, including ReadSoft
INVOICES, to automate invoice processing within its SAP environment. Invoices
are automatically posted, accounted for and made ready for payment, improving
visibility and management on an international basis. By integrating additional
document and invoice automation within SAP the telecommunications company is
able to eliminate inefficiencies and so retain better process visibility and
compliance across borders.
ReadSoft INVOICES is the world’s number one choice for automated data capture
from invoices. Regardless of source, incoming invoices are all directed into the
same flow, automatically extracting information from any incoming invoice,
validating it and transferring it to an ERP system where it can be coded and
authorized for approval by the accounts payable staff.
“Every company, no matter the scale, wants to better manage and improve back
office processes; to see continual improvement and achieve cost reduction,” says
Per Åkerberg, President and CEO of ReadSoft. “For organizations operating on a
global scale, with any ERP system, ReadSoft is a proven partner that can be
relied upon to deliver through the application of its document driven finance
process automation,” finishes Per Åkerberg.
Within this press release, ReadSoft’s customer in the transaction or
co-operation is not mentioned by name. This is due to the fact that they have
requested to remain anonymous. This information is such that ReadSoft AB (publ)
can publish in accordance with the Swedish Securities Markets Act and/or the
Financial Instruments Trading Act. The information was submitted for publication
on January 5, 2012 at 09:00 CET.

For additional information, please contact
ReadSoft
AB                                                                              
                          
Johan Holmqvist, Vice President, Corporate Communications
Phone: 46 708 37 66 77
Email: johan.holmqvist@readsoft.com