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2014-07-07

ReadSoft: ReadSoft signs deal worth 330,000 EUR with major global textile manufacturer

ReadSoft UK has signed an initial deal, worth 330,000 EUR, with a
leading global textile manufacturer. The customer selected ReadSoft's
SAP®-certified financial process automation solution to streamline
its accounts payable operations and enable greater processing
efficiencies. The agreement was signed during the second quarter of
2014.

The customer who employs thousands of employees in over 70 countries
across six continents around the world wished to standardize its
global financial processes starting with their Accounts Payable (AP)
operations. This drive toward more standardized AP and other
financial processes will support the customer's consolidation of
multiple enterprise resource planning (ERP) systems.

The company recognized ReadSoft's SAP-certified solution, PROCESS
DIRECTOR for financial process automation, as a reliable fit based on
its tight integration with SAP and ReadSoft's unparalleled track
record of hundreds of cross regional implementations. By starting to
automate its invoice processing seamlessly within SAP, the company
looks forward to lower invoice processing cycle times, improved
visibility and control, and the cost benefits of centralization. The
sold solution is global covering several hundred thousand invoices
per year across multiple SAP-instances and is part of a global
roll-out. It was the breadth and reach of the full SAP-certified
ReadSoft financial suite that was key in the selection.

"ReadSoft has again demonstrated its capability to meet the
requirements of global enterprises that need proven SAP-solutions
that deliver clear benefits ahead of our competitors," says Per
Åkerberg, President and CEO of ReadSoft. "In addition we are able to
add further financial and business processes in the future, helping
this customer to create a strong and on-going ROI."

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 July 7, 2014 at 13:00 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-deal-worth-330-000-eur-...
http://mb.cision.com/Main/493/9613444/264618.pdf

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