ReadSoft signs agreement worth 235,000 EUR with European steel manufacturer

A leading global company specializing in the manufacture of steel has chosen
ReadSoft's SAP®-certified invoice automation solution to process paper and
electronic invoices in its United Kingdom accounts payable operation. The deal
is worth 235,000 EUR and was signed in the fourth quarter of 2012.
The customer is revitalizing the British steel industry and wants to remove time
consuming manual process handling. Together with ReadSoft the steel manufacturer
wants to eliminate manual processing, which would see a headcount reduction from
new staff as systems were replaced; the company has opted for an efficient,
fully automated finance system from day one.
The company selected ReadSoft through a competitive selection process.
ReadSoft’s ability to deliver implementations within standard SAP environments
for accounts payable (AP) processing and the skill to rapidly deliver the
implementation within the requested time frame proved conclusive in awarding
this agreement. As part of the company’s invoice processing initiative ReadSoft
will deploy its AP suite of software products - including COLLECTOR, INVOICES,
WORKCYCLE, REPORTER and Purchase-Card - to seamlessly integrate invoice
automation into the SAP Enterprise Resource Planning System. This enables the
company to streamline its AP operation and deliver greater processing
efficiencies across the organization.
“This organization has put in place the strongest possible set of tools to
support efficient business growth in the region,” says Per Åkerberg, President
and CEO of ReadSoft. “By automating its invoice process with the latest ReadSoft
invoice capture technology and flexible approval workflows, the company can
maximize its existing investments in SAP, whilst reducing invoice processing
cycle times and improving control over the finance function.”
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 November 16, 2012 at 13:30 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.