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Readsoft AB (STO:RSOFB) ReadSoft has won a major deal within local government in the U.K. The agreement covers the processing of 350,000 invoices annually. The ReadSoft solution will automatically process invoices within the customer's SAP system. The value of the agreement is 320,000 EUR and the major part of this is licenses. The implementation starts immediately and the solution is expected to go live during Q1 2009.
This newly established shared service center handles support services for the residents in a selected part of the UK. When fully operational, it will deliver services such as information technology, finance, human resources, property, procurement and customer contact.
Having already chosen SAP as their business system, this customer also wanted to improve its accounts payable processes by extending the financial system to also automatically read and process supplier invoices. After making an overall analysis, the company selected ReadSoft as their vendor of choice for two main reasons. The software's proven stability and effective integration into SAP. ReadSoft's solution offers significant business value, allowing better use of employees, higher-quality information and improved security. When the system is fully up and running, the customer will also be able to receive electronic invoice images for approval, rather than paper invoices.
"We are delighted that yet another Shared Service Center has selected ReadSoft," says Jan Andersson, President and CEO of ReadSoft. "This deal is further proof that we have the best overall accounts payable solution residing inside SAP. We have learned a lot about SAP over the years and are constantly working on improving our offering to the vast community of SAP clients worldwide."
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.
