ReadSoft signs invoice automation agreement worth over 385,000 USD with global life sciences company

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| Source: ReadSoft AB
A global life sciences organization in the healthcare sector has selected
ReadSoft’s SAP®-certified invoice automation solution to streamline its accounts
payable operations and enable greater processing efficiencies across the
enterprise. The agreement is worth 385,000 USD and was signed in the first
quarter of 2014.

A global life sciences organization in the healthcare sector has selected
ReadSoft’s SAP®-certified invoice automation solution to streamline its accounts
payable operations and enable greater processing efficiencies across the
enterprise. The agreement is worth 385,000 USD and was signed in the first
quarter of 2014.
The organization will leverage ReadSoft’s invoice automation technology to
centralize its global Accounts Payable (AP) operations into regional AP shared
service centers.  This movement toward more standardized AP processes will
support the enterprise’s consolidation of multiple enterprise resource planning
(ERP) systems into a single instance of SAP®.  Ultimately, through these
corresponding efforts, the global organization strives to outfit its AP
operation with the streamlined processing infrastructure to support future
growth.
The company recognized ReadSoft’s SAP-certified solution, PROCESS DIRECTOR for
Accounts Payable, as a reliable fit based on its tight integration with SAP and
ReadSoft’s unparalleled track record of hundreds of cross regional
implementations.  By automating its invoice processing seamlessly within SAP®,
the company looks forward to lower invoice processing cycle times, improved
visibility and control, and the cost benefits of centralization.  The
organization’s final solution implementation will include the automation of
paper invoices, in addition to electronic invoicing and the capabilities of a
hosted vendor portal by Taulia Inc., a long-standing ReadSoft Partner.
“Decentralized processing often causes costly inefficiencies across the accounts
payable process, especially for global organizations such as this,” says Per
Åkerberg, President and CEO of ReadSoft. “We are pleased to play an integral
role in this company’s migration to a regional AP shared-services model.  Time
and again we have seen this model, coupled with our automation solutions,
deliver significant longer-term cost savings.”
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)
is to publish in accordance with the Swedish Securities Markets Act and/or the
Financial Instruments Trading Act. The information was submitted for publication
on March 10, 2014 at 10.00 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 applications for automating business
processes in the cloud  (http://www.readsoft.com/solutions/document
-processing/capture-in-the-cloud)or on premise. ReadSoft is by far the world’s
number one choice for invoice processing
automation (http://www.readsoft.com/solutions/document-processing/invoice
-processing), especially into business systems from
SAP (http://www.readsoft.com/solutions/automation-for-sap) and
Oracle (http://www.readsoft.com/solutions/automation-for-oracle). ReadSoft’s
software enables companies to automate document processes such as accounts
payable processing (http://www.readsoft.com/solutions/by-department/accounts
-payable), and mailroom automation (http://www.readsoft.com/solutions/document
-processing/mailroom-automation). 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

 (http://www.readsoft.com/)