ReadSoft signs deal worth 650,000 EUR with leading European office supplies and services company

| Source: ReadSoft AB
ReadSoft has signed a deal worth 650,000 EUR with a leading European office
supplies and services company. The customer has decided to unify all their
current ERP-systems into a single SAP client where they will merge all the
company’s Accounts Payable (AP) processes into one Shared Service Center (SSC)
environment. The deal includes licenses, support and maintenance and services
and was signed during the first quarter of 2014.

The customer offers comprehensive solutions to computer manufacturers,
distributors, office suppliers and to retail customers. The company is a market
leader within their industry in Europe, with a turnover of over 1 billion EUR,
and has the most wide-ranging offer of products and services on the European
As a result of a re-organization, the customer decided to unify all their AP
processes into a single SAP solution which they will run from a Share Service
Center. The customer chose ReadSoft’s solution due to its seamless integration
into SAP and because of ReadSoft’s flexibility to adapt to their new
organizational setup. ReadSoft has a specialized team for global projects, which
speeds up the customers’ roll-out processes and simplifies the maintenance
setup. These key factors were important in the customer’s decision and
evaluation process.
“I am delighted that we can help this market leader with their move to a shared
service center environment“, says Per Åkerberg, President and CEO for ReadSoft.
“This also shows how powerful our integrated SAP-solution is and our capability
to deliver a fast and efficiency enhancing roll-out process to our customers.
Our leading solution for invoice automation is well proven and we are excited to
be able to help another company save time and costs in their accounts payable
processes. We look forward to working closely with the customer to help them
achieve their goals,” finishes 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 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 March 19, 2014 at 10:00 CET.

For additional information, please contact

Johan Holmqvist, Vice President Corporate Communications
Phone: 46 708 37 66 77
About ReadSoft
ReadSoft is a leading global provider of applications for automating business
processes in the cloud  (
-processing/capture-in-the-cloud)or on premise. ReadSoft is by far the world’s
number one choice for invoice processing
automation (
-processing), especially into business systems from
SAP ( and
Oracle ( ReadSoft’s
software enables companies to automate document processes such as accounts
payable processing (
-payable), and mailroom automation (
-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