ReadSoft signs a deal worth 500,000 USD with a direct sales & cosmetics conglomerate from South America

ReadSoft signs a deal worth 500,000 USD with a direct sales & cosmetics
conglomerate from South America

The South American direct sales and cosmetics giant has a continent-wide
presence, and has chosen ReadSoft’s invoice automation solution to improve its
invoice processing efficiency as it looks to expand. The agreement is worth
500,000 USD and was signed during the fourth quarter of 2011.

The company plans to further expand its presence in South America and wants to
grow the business and revenue without increasing back office costs. By using
ReadSoft’s automatic invoice processing solution, the company will achieve a
faster, more efficient and transparent invoice process, so the expansion can run
smoothly and the whole group can take advantage of benefits like early payment
discounts and better cashflow management.
The conglomerate will use ReadSoft’s solution PROCESS DIRECTOR to automatically
process their invoices. The installation will take place at the company’s Shared
Services Center, where invoices coming from several South American countries
will be processed.
“This company chose ReadSoft as they recognized the need to automate processing
for faster, leaner, and more cost-effective operations,” says Per Åkerberg,
President and CEO of ReadSoft. “We look forward to playing an important role in
the success of their expansion by helping them save time and money with their
invoice processing initiatives.”
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 12:00 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