ReadSoft debuts latest release of AP workflow automation at Oracle OpenWorld

ReadSoft, an Oracle Platinum Partner and leading global provider of document
process automation for business applications, will present for the first time
publicly, PROCESSIT 7.3 at Oracle OpenWorld 2013 in San Francisco, CA on
September 22-26, 2013.
The enhanced Oracle-validated solution offers new market-driven features and
seamless integration with ReadSoft’s proven cloud-based service for invoice
capture–providing companies of all sizes with greater flexibility and
scalability in achieving optimal end-to-end AP processing performance. Oracle
OpenWorld 2013 conference attendees representing organizations that could
benefit from streamlining invoice processing in Oracle E-Business Suite can view
the latest functionality of PROCESSIT 7.3 at the ReadSoft booth (#609).
New key benefits and capabilities of PROCESSIT 7.3 include:

  · Integration with ReadSoft Online, the company’s SaaS cloud solution for
invoice receipt – The integration of ReadSoft Online and PROCESSIT 7.3,
currently being implemented by several U.S. organizations, allows for quick
implementation, scalable use and compelling return on investment (ROI). The
approach signals an IT strategy based on an expense model rather than a capital
model. ReadSoft’s invoice processing application delivers a cost-effective, low
-maintenance solution that would reduce the lifecycle cost of the company’s
Oracle E-Business Suite system.
  · Compatibility with Oracle Solaris 10 operating system – As a mission
-critical application, PROCESSIT is now available for installation on the Oracle
Solaris 10 operating system, widely recognized as the platform of choice by
large, established enterprises demanding performance and high availability.
  · Enhanced operational performance architecture – New architectural
enhancements support clustered environment installations to enforce application
high availability requirements, and facilitates automatic fail over and load
balancing, which ultimately ensures complete AP processing accessibility and
functionality even if a server fails or is removed.
  · Efficiency-optimizing, end user features – Latest solution release includes
expanded invoice approval mobile functionality, shared worklists capability to
better manage workload balancing, support for various user authentication
methods and more.

“As a long-standing active participant of Oracle OpenWorld, it’s rewarding to
see that as ReadSoft’s relationship with the Oracle community deepens and
matures, so do our product offerings,” pronounces Per Åkerberg, President and
CEO of ReadSoft. “Having gone through the experience of so many deployments with
our valued Oracle customers in the U.S. and across the world, we see first-hand
what works well, while continuing to refine our offering based on customers’
‘wish lists’ within our dedicated ERP Automation Lab. Today we bring all of that
collaboration to market with the confidence that our latest solution release is
outfitted to serve the needs and wants of nearly any Oracle company, regardless
of its size, industry or business model.”
Through the Oracle PartnerNetwork Program, ReadSoft’s solution retains
“Validated Integration,” as it seamlessly integrates with Oracle E-Business
Suite–reducing risk, improving system implementation cycles and laying the
groundwork for smoother upgrades and simpler maintenance.
ReadSoft may be required to disclose the information provided herein pursuant to
the Securities Market Act. The information was submitted for publication on
September 12, 2013 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
ReadSoft North America
Emily Toras, Marketing Manager
Phone: +1 504 841 3205
Email: emily.toras@readsoft.com
Robert Fresneda, President
Phone: +1 504 841 0111
Email: bob.fresneda@readsoft.com
About ReadSoft
ReadSoft is a leading global provider of software solutions for document process
automation (http://www.readsoft.com/solutions/document-processing) 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