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2014-06-11

ReadSoft: ReadSoft signs agreement worth 220,000 EUR with global manufacturing company in Brazil

ReadSoft has a worldwide frame agreement with a global leading
manufacturing company. The frame agreement includes a global roll-out
of ReadSoft's SAP®-certified invoice automation solution PROCESS
DIRECTOR to the customer's different business units. Next in line
getting their accounts payable processes harmonized and streamlined
is the business unit in Brazil. This agreement is worth 220,000 EUR
and was signed during the second quarter of 2014.

The manufacturing company is a global market leader with their head
office in Europe with approximately 50,000 employees in more than 100
countries. The company is continuously striving to reduce cost and
provide transparency across its invoice process and is therefore
implementing one best practice solution globally to automate its
accounts payable operations. With ReadSoft's flexible solution
seamlessly integrated into the customer's SAP ERP-system, the company
looks forward to a more efficient and streamlined invoice process
with greater visibility and control across the enterprise.

ReadSoft has a dedicated and specialized team for global projects to
assist and manage international roll-outs and a simplified
maintenance set-up. This team often works in close collaboration with
the customer's offices around the world to ensure an efficient
deployment process and cost savings. These factors are often
important for large multinational companies, and were attractive to
the client in the selection process.

"I'm delighted to we can help another company that is a world-leader
in its field to achieve even greater efficiencies," says Per
Åkerberg, President and CEO of ReadSoft. "Our leading solution for
invoice automation is well proven and we have the capabilities to
assist in the deployment across many regions and countries enabling
streamlined processes and cost savings for the customer. We look
forward to working closely with them to help them achieve their
goals," finishes Åkerberg.

Within this press release, ReadSoft's customer in the transaction or
co-operation is not mentioned by name. This is due to the fact that
they have requested to remain anonymous. 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 June 12, 2014 at 09:00 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.

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http://news.cision.com/readsoft/r/readsoft-signs-agreement-worth-220-000...
http://mb.cision.com/Main/493/9600455/255706.pdf

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