ReadSoft signs US$368,000 deal with U.S. based manufacturing company

ReadSoft has closed yet another SAP-related deal on the U.S. market. An internationally renowned manufacturing company has turned to ReadSoft to increase their invoice handling efficiency. The deal is initially worth US$368,000.

Partially due to the economic climate, this new ReadSoft client sought out ways to realize savings in its back office operations. The company identified many areas for improvement in its invoice handling process, where manual approval and allocation was demanding a lot of time and resources.

With ReadSoft’s solution, the organization will benefit from a tight integration with their existing SAP system. ReadSoft’s software automatically extracts information from the incoming invoices and matches the invoice information against data in the SAP system. This way, errors and exceptions can be detected immediately. The invoices are then sent for approval in an electronic workflow.

“This company chose us because of our integration with SAP, the breadth of our solutions, and our versatility in meeting and defining their various requirements,” comments Jan Andersson, CEO of ReadSoft. “The deal further strengthens our position as the number one supplier of invoice automation solutions in the U.S. and in the rest of the world, and I am certain that this new client will realize substantial savings and efficiency gains by using our software.”

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.