ReadSoft signs deal worth 330,000 EUR with major global textile manufacturer

ReadSoft UK has signed an initial deal, worth 330,000 EUR, with a leading global
textile manufacturer. The customer selected ReadSoft’s SAP®-certified financial
process automation solution to streamline its accounts payable operations and
enable greater processing efficiencies. The agreement was signed during the
second quarter of 2014.

The customer who employs thousands of employees in over 70 countries across six
continents around the world wished to standardize its global financial processes
starting with their Accounts Payable (AP) operations. This drive toward more
standardized AP and other financial processes will support the customer’s
consolidation of multiple enterprise resource planning (ERP) systems.
The company recognized ReadSoft’s SAP-certified solution, PROCESS DIRECTOR for
financial process automation, as a reliable fit based on its tight integration
with SAP and ReadSoft’s unparalleled track record of hundreds of cross regional
implementations. By starting to automate 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
sold solution is global covering several hundred thousand invoices per year
across multiple SAP-instances and is part of a global roll-out. It was the
breadth and reach of the full SAP-certified ReadSoft financial suite that was
key in the selection.
“ReadSoft has again demonstrated its capability to meet the requirements of
global enterprises that need proven SAP-solutions that deliver clear benefits
ahead of our competitors,” says Per Åkerberg, President and CEO of ReadSoft. “In
addition we are able to add further financial and business processes in the
future, helping this customer to create a strong and on-going ROI.”
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 July 7, 2014 at 13:00 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 simplifies business for organizations of all sizes with
applications for business processes such as accounts payable
automation (http://www.readsoft.com/solutions/by-department/accounts-payable
-automation), accounts receivable (http://www.readsoft.com/solutions/automation
-for-sap/accounts-receivable), sales order
processing (http://www.readsoft.com/solutions/automation-for-sap/sales-order
-processing-sap), and multichannel mailroom
automation. (http://www.readsoft.com/solutions/document-process
-automation/mailroom-automation) Its on-premises and cloud document process
automation solutions (http://www.readsoft.com/solutions/document-process
-automation/mailroom-automation) enable some of the world’s largest corporations
as well as small and medium businesses to compete and thrive in today’s
environment by improving customer and supplier satisfaction, increasing
operating efficiency, and providing greater visibility into business processes.
ReadSoft is the world’s number one choice for invoice processing
automation (http://www.readsoft.com/solutions/document-process
-automation/invoice-processing), and its applications integrate seamlessly with
ERP systems from SAP (http://www.readsoft.com/solutions/automation-for-sap/sales
-order-processing-sap), Oracle (http://www.readsoft.com/solutions/automation-for
-oracle-e-business-suite), Microsoft (http://www.readsoft.com/solutions/document
-process-automation/invoice-processing-for-microsoft-dynamics), as well as with
many other business systems. Since 1991, the company has grown into a worldwide
group, delivering industry expertise and support in 17 countries on six
continents through its local and global partner network. ReadSoft is
headquartered in Helsingborg, Sweden, and its share is traded on the NASDAQ OMX
Stockholm’s Small Cap list. Visit www.readsoft.com.