ReadSoft signs €320,000 deal with governmental shared services center in the U.K.

ReadSoft has won a major deal within local government in the U.K. The
agreement covers the processing of 350,000 invoices annually. The
ReadSoft solution will automatically process invoices within the
customer's SAP system. The value of the agreement is 320,000 EUR and
the major part of this is licenses.
The implementation starts immediately and the solution is expected to
go live during Q1 2009.

This newly established shared service center handles support services
for  the  residents  in  a  selected  part  of  the  UK.  When  fully
operational, it will deliver services such as information technology,
finance, human resources, property, procurement and customer contact.

Having already chosen SAP as their business system, this customer
also wanted to improve its accounts payable processes by extending
the financial system to also automatically read and process supplier
invoices. After making an overall analysis, the company selected
ReadSoft as their vendor of choice for two main reasons. The
software's proven stability and effective integration into SAP.
ReadSoft's solution offers significant business value, allowing
better use of employees, higher-quality information and improved
security. When the system is fully up and running, the customer will
also be able to receive electronic invoice images for approval,
rather than paper invoices."We are delighted that yet another Shared Service Center has selected
ReadSoft," says Jan Andersson, President and CEO of ReadSoft. "This
deal is further proof that we have the best overall accounts payable
solution residing inside SAP. We have learned a lot about SAP over
the years and are constantly working on improving our offering to the
vast community of SAP clients worldwide."





For additional information, contact;
ReadSoft
AB
Jan Andersson, CEO, ReadSoft

Phone: +46 708 - 37 66 00
Jonna Opitz, Vice President, Corporate
Communications
Phone: +46 733 - 37 86 68
jonna.opitz@readsoft.com

About ReadSoft
ReadSoft is a leading global provider of software solutions for
Document Automation. ReadSoft's software enables companies to
automate document processes such as data entry, classification, ERP
matching, workflows, e-invoicing etc. The results are faster and less
expensive document processing, and increased control. ReadSoft is by
far the world's number one choice for invoice automation solutions.
Specialized solution labs for SAP, Oracle, Microsoft and Capture
processes ensure cutting edge solutions with great customer value.
Since the start in 1991, ReadSoft has grown to a worldwide group with
operations in 16 countries on five 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 Nordic
Exchange Small Cap list. For more information about ReadSoft, please
visit www.readsoft.com.