Global manufacturing company automates invoice processing through agreement with ReadSoft worth over 440,000 USD

Global manufacturing company automates invoice processing through
agreement with ReadSoft worth over 440,000 USD

A worldwide electronics manufacturing services provider 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 over 440,000 USD and was
signed during the fourth quarter of 2011.

With decentralized processing in locations across the globe, the
organization aimed to leverage invoice automation technology to help
facilitate the centralization of its AP operations. The company
recognized ReadSoft's SAP-certified solution as a reliable fit based on
the solution's tight integration with SAP, along with ReadSoft's
unparalleled track record of hundreds of global implementations within
SAP environments.
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. Due to
the high invoice volume, the organization will implement invoice
automation in a phased approach, beginning with scanning and integration
with its SAP system. 
“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. “Automation
provides visibility and control over the company's Accounts Payable
process, along with a solid starting point for moving to a centralized
shared services model proven to deliver significant cost savings,”
finishes Per Åkerberg.
As follows of this press release, ReadSoft's counterpart in the
transaction or co-operation is not mentioned by name. This is due to the
fact that ReadSoft's counterpart has required to be 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 November
23, 2011 at 14.00 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 (johan.holmqvist@readsoft.com)