ReadSoft responds to SMB market, delivers further functionality to cloud offering in Accounts Payable

ReadSoft, a leading global provider of applications for automating business
processes, has again added significant market-responsive capabilities to its
cloud-based solution for automating end-to-end Accounts Payable (AP) processes.
New functionality of ReadSoft Online includes improved integrations, expanded
document storage abilities and additional customization and end-user
options–facilitating greater efficiency and cost savings for enterprises of any
size.
Since its launch in 2010, ReadSoft Online, the company’s Software-as-a-Service
(SaaS) cloud-based solution has developed from a best-practice front-end invoice
data capture and extraction service to one that fully automates the end-to-end
AP process with approval workflow and online document storage. At the same time,
the user base of ReadSoft Online has significantly grown. First released in the
Nordics and Europe, companies across Asia, and North and South America are now
utilizing the service, many of which are SMBs that require a solution that can
readily address AP inefficiencies without an initial capital investment.
Today, ReadSoft demonstrates its ongoing investment in responding to the needs
of SMBs by adding another round of new capabilities to ReadSoft Online that
delivers:

  · Enhanced Visibility – Real-time status and document history is now available
to all stakeholders throughout approval workflow process. Also, in addition to
invoices, other supporting documents may now be uploaded, stored and available
to the user to view.
  · Upgraded Integrations – Improved data capture and approval workflow
integration with ERP systems: Microsoft Dynamics AX 2009 and 2012, e-conomic and
NetSuite. Expanded interface capabilities with several invoice-generating
applications and supplier-onboarding software Visma Business.
  · Greater Flexibility and Adaptability – User requirements are met with more
customization options
  · Optimized Processing – New user configurations enable supplier-level,
straight-through processing and greater control over business rules. Screens are
easier to view and email notices for approval workflow are improved.

“Amesto chose ReadSoft Online for a number of reasons, the primary one being the
great value our own customers get from our ReadSoft Online system. It’s
flexible, always makes use of the latest technology, and is user-friendly. Our
customers particularly appreciate the immediate access to invoices, the approval
workflow system, and even storage,” says Oddny Nyhagen, IT Manager at Amesto
AccountHouse. “They can now receive invoices in multiple formats, including
emailed invoices and paper invoices, all in one single application. And their
suppliers can now send their invoices directly to ReadSoft Online,” finishes
Nyhagen.
“We’re currently processing about three million invoices in the cloud, and that
number continues to grow every month,” announces Per Åkerberg, President and CEO
of ReadSoft. “The increased interest around ReadSoft Online is the result of a
customer-centric philosophy that drives innovation and mutual success.”
Cost-conscious, efficiency-seeking enterprises of any size seeking a proven,
user-friendly solution for automating invoice processing are encouraged to
contact ReadSoft or one of ReadSoft’s valued partners.
Products or service names mentioned herein are the trademarks of their
respective owners.
ReadSoft may be required to disclose the information provided herein pursuant to
the Securities Market Act. The information was submitted for publication on
October 21, 2013 at 10:00 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
Dan Lundmark, Product Manager, ReadSoft Online
Phone: +46 708 37 66 01
Email: dan.lundmark@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