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 (STO:RSOFB) A world leading chemical company in Germany has decided to invest EUR 325,000 in ReadSoft's invoice processing solutions for SAP®. The solution from ReadSoft will automate and optimize supplier invoice processing at one of the company's European Shared Service Centers and will also integrate with the customer's SAP system. The roll-out of the solution is expected to start before the end of this year and covers the processing of almost one million invoices annually.
This German customer's portfolio ranges from oil and gas to chemicals and agricultural products. The group employs around 95,000 people worldwide and generated sales of €58 billion in 2007.
With the goal of making their accounts payable processes more efficient, this company decided to invest in ReadSoft's solutions already in 2004. During the last couple of years this customer has refined the entirely automated work process within accounts payable and therefore, the decision was made to expand the use of the solution at the group's operations in Europe.
"Our strategy of gaining a foothold with multinational companies to set the stage for group-wide agreements has succeeded once again," says Jan Andersson, ReadSoft President and CEO. "Our SAP-solutions meet the strict demands of multinational companies when it comes to handling documents in the purchase-to-pay and order-to-cash areas. With our worldwide presence, we can also offer global solutions with local support."
Maintaining a leading position requires the implementation of the latest technologies on the market, which is why many multinational groups choose to automate their invoice processing. Manually processing invoices and other related documents is time and resource consuming. ReadSoft's solutions offer significant business value, allowing customers to make better use of their employees, ensuring higher-quality information and improving security.
For additional information please 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.
This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
