A leading company specializing in electronics and electrical engineering has
chosen ReadSoft’s SAP®-certified invoice automation solution to process paper
and electronic invoices throughout its North American accounts payable
operation. The deal is worth over 570,000 USD and was signed in the third
quarter of 2012.
This global giant in electrical manufacturing and sales sought an automation
solution with seamless integration into its SAP Enterprise Resource Planning
System to streamline its accounts payable operation and enable greater
processing efficiencies across the enterprise. Recognizing ReadSoft’s
unparalleled track record of hundreds of implementations within SAP
environments, the company selected ReadSoft’s SAP-certified invoice automation
solution to spearhead its invoice processing initiative. By automating its
invoice process seamlessly within SAP, the company’s AP personnel are now
equipped to reduce invoice processing cycle times and improve visibility and
control over invoices with ReadSoft’s automated invoice capture technology and
flexible approval workflows.
“As companies strive to achieve more with less, we deliver technology to help
maximize their existing investments in SAP,” says Per Åkerberg, President and
CEO of ReadSoft. “We are excited to deliver flexible, user-friendly AP
automation technology to end-users within the organization, allowing them to
conduct faster, less expensive financial operations all within their native SAP
environment.”
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 is information of the type that ReadSoft AB
(publ) is obligated to disclose in accordance with the Swedish Securities
Markets Act and/or the Financial Instruments Trading Act. The information was
submitted for publication on October 17, 2012 at 11.00 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
About ReadSoft
ReadSoft is a leading global provider of software solutions for Document Process
Automation. ReadSoft’s software enables companies to automate document processes
such as accounts payable processing (http://www.readsoft.com/purchase-to
-pay.aspx), document capture (http://www.readsoft.com/enterprise-capture.aspx),
document sorting (http://www.readsoft.com/software-products/document
-capture.aspx), and order to cash (http://www.readsoft.com/order-to-cash.aspx).
ReadSoft is by far the world’s number one choice for automated invoice
processing (http://www.readsoft.com/software-products.aspx), especially into
business systems from SAP (http://www.readsoft.com/default/sap-solutions) and
Oracle (http://www.readsoft.com/default/oracle-solutions). Since the start in
1991, ReadSoft has grown to a worldwide group with operations in 17 countries on
six 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 Stockholm's Small Cap list. For more information about ReadSoft, please
visit www.readsoft.com.