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2014-05-05

ReadSoft: JF Hillebrand automates invoice processing with ReadSoft Online

The JF Hillebrand Group has chosen to invest in a new invoice
management process from ReadSoft, a leading global provider of
business process automation applications with over 12,000 customers.
The new process set-up is based on ReadSoft's cloud-based invoice
processing automation solution ReadSoft Online.

JF Hillebrand is a freight forwarding company, whose business consists
in organizing shipments of wines and spirits from producers' premises
to end-consumers located all over the world. JF Hillebrand operates
with a wide network of partners comprised of transport and maritime
shipping companies. This network ensures that international shipments
are efficiently organized, while the JF Hillebrand team's experience
enables them to deliver high-quality customer service.

With a presence in over 78 countries, the JF Hillebrand Group was
seeking to upgrade its current supplier invoice management process
and to unify its processing methods. To this aim, the company
established a Shared Service Center (SSC) where they will process all
the Group's invoices. All JF Hillebrand's invoices are scanned at
their respective international offices where they have been received.
The extracted invoice data is thereafter handled centrally at the SSC
before it is transferred to the company's ERP-system.

JF Hillebrand selected the ReadSoft Online solution after carrying out
tests to validate an industrial and scalable approach, as well as
ReadSoft Online's ability to process high volumes of data. More than
800,000 invoices from 35 sites around the world will be processed
annually using ReadSoft Online. By using ReadSoft's cloud based
invoice processing automation solution JF Hillebrand will increase
its productivity and relieve its subsidiaries from a time-consuming
and non-value added invoice processing set-up.

The Readsoft Online SaaS solution is currently used by over 1,000
customers and this new deployment demonstrates the solution's ability
to process variable quantities of data, ranging from a couple of
hundreds of invoices to hundreds of thousands of invoices per year.

Erik Den Ouden, Global IT Director at JF Hillebrand, said: "Readsoft
Online enables us to validate and match thousands of invoices per day
in a central location. The scanner-hardware independency,
cloud-scalability and self-learning abilities of Readsoft Online
generate significant efficiency gains in our local offices and
facilitate the ongoing growth of our company."

"We are proud to announce this new agreement, which allows us to
consolidate our market share in the field of supplier invoice
management and processing. This wide-ranging project highlights our
ability to increase our clients' productivity and to automate their
management processes. ReadSoft Online is a tool that is perfectly
suited to JF Hillebrand's operational requirements," says Per
Åkerberg, President and CEO of ReadSoft.

About the JF Hillebrand Group:
JF Hillebrand is the world's leading specialist logistics provider to
the beverage trade. With a global network headquartered in Mainz,
Germany, the company employs 2,000 people in 48 wholly owned offices
around the world. In 2012, the company reported a throughput of over
500,000 TEU's and a turnover of €1.2 billion. Founded in 1844, JF
Hillebrand celebrates 170 years of continuous trading in 2014.

This is information of the type that ReadSoft AB (publ) is obligated
to disclose in accordance with the Swedish Securities Markets Act
and/or the Financial Instruments Trading Act. The information was
submitted for publication on May 5, 2014 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

About ReadSoft. ReadSoft simplifies business for organizations of all
sizes with applications for business processes such as accounts
payable automation
(http://www.readsoft.com/solutions/by-department/accounts-payable-automation),
accounts receivable
(http://www.readsoft.com/solutions/automation-for-sap/accounts-receivable),
sales order processing
(http://www.readsoft.com/solutions/automation-for-sap/sales-order-process...),
and multichannel mailroom automation.
(http://www.readsoft.com/solutions/document-process-automation/mailroom-a...)
Its on-premises and cloud document process automation solutions
(http://www.readsoft.com/solutions/document-process-automation/mailroom-a...)
enable some of the world's largest corporations as well as small and
medium businesses to compete and thrive in today's environment by
improving customer and supplier satisfaction, increasing operating
efficiency, and providing greater visibility into business processes.
ReadSoft is the world's number one choice for invoice processing
automation
(http://www.readsoft.com/solutions/document-process-automation/invoice-pr...),
and its applications integrate seamlessly with ERP systems from SAP
(http://www.readsoft.com/solutions/automation-for-sap/sales-order-process...),
Oracle
(http://www.readsoft.com/solutions/automation-for-oracle-e-business-suite),
Microsoft
(http://www.readsoft.com/solutions/document-process-automation/invoice-pr...),
as well as with many other business systems. Since 1991, the company
has grown into a worldwide group, delivering industry expertise and
support in 17 countries on six continents through its local and
global partner network. ReadSoft is headquartered in Helsingborg,
Sweden, and its share is traded on the NASDAQ OMX Stockholm's Small
Cap list. Visit www.readsoft.com
(http://file:///C:/Users/Sara%20Hagsten/Desktop/www.readsoft.com).

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http://news.cision.com/readsoft/r/jf-hillebrand-automates-invoice-proces...
http://mb.cision.com/Main/493/9579176/240595.pdf

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