Distribution of company announcements to the professional platforms, finance portals and syndication of important corporate news to a wide variety of news aggregators and financial news systems.
Readsoft AB A large Northern European service bureau is expanding its use of ReadSoft's solutions for Document Automation. By investing approximately EUR 380,000 in licenses, the company will be able to further automate the invoice handling for their customers.
This Market leading service bureau has grown rapidly, both organically and through acquisitions, over the last five years. With new legislation in the Nordic countries concerning requirements for documentation, traceability and electronic invoices, the number of documents that need to be handled has increased substantially. As the market leader, this service bureau quickly realised the investments required to handle the growing amount of documents, and put an expansion plan into place. During the last couple of years, the volumes and investments have grown substantially which is why they have now chosen to upgrade their ReadSoft solutions.
The relationship with this customer goes back to 2001 when they acquired their first ReadSoft license (ReadSoft DOCUMENTS for Forms). The partnership has grown to also include ReadSoft DOCUMENTS for Invoices. Those two solutions now handle close to 100 million documents annually for this service bureau. With the new licenses, they expect to process approximately 15 million invoices a year and thereby work even more efficiently. Looking ahead several years, most of the documents will be handled electronically saving great amounts of both time and money.
"We are tremendously pleased that this company has made the strategic decision to invest in our solution for invoice handling," says ReadSoft CEO Jan Andersson. "It serves as additional proof that our solutions support the operations of our clients and as they grow their business, so do we. This is another good example of our strategy to gain a foothold within large organizations to set the stage for long-term relationships."
For additional information, contact ReadSoft AB Jan Andersson, CEO, ReadSoft
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. Specialized solution labs for SAP, Oracle, Microsoft and Capture processes ensure cutting edge solutions with great customer value. 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.
