Australian government shared services provider invests $ 800,000 USD in ReadSoft's solutions

ReadSoft's SAP-certified invoice processing solution has been chosen
to automate document handling at an Australian shared services
government agency. The agreement, valued at over $ 800,000 USD,
initially covers the processing of more than 300,000 invoices
annually.

Due to a non-disclosure agreement, ReadSoft is not at liberty to
disclose the name of the Australian government agency. The
organization is a shared services provider offering a wide range of
corporate services including, HR, payroll, procurement and accounts
payable, to other government agencies.

Looking for ways to improve their invoice processing efficiencies,
and ultimately to offer lasting values to their clients, the shared
services provider required a flexible and technologically advanced
solution. After thorough evaluation of several vendors, ReadSoft was
selected as the solution that best matched and supported the current
and future plans to automate their document driven processes. The
agency stated that ReadSoft - with its tight SAP integration, solid
reference sites, and well proven solution - came out on top in terms
of meeting their requirements.

The ReadSoft's solution will streamline efficiencies by automating
the processing of invoices from arrival to payment - including
invoice capture, matching and automated workflow routing and approval
processes. The new solution also incorporates advanced reporting
functions, giving immediate visibility into the accounts payable
processes.

"Many organizations run 'Shared Services Centers' to optimize their
organizational functions such as invoice processing and other
document driven processes," says Jan Andersson, CEO at ReadSoft. "Our
solutions are of paramount importance in such an organization, and we
are very pleased that a growing number of public sector organizations
are now recognizing the values of streamlining their document
management through shared services."

For additional information, please contact:

ReadSoft
AB
Jan Andersson, CEO, ReadSoft

Phone: +46 708 37 66 00

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.
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.