Leading Developer of Aromatic Products Signs Invoice Automation Deal Worth 535,000 USD with ReadSoft
Sodra Kyrkogatan 4
Helsingborg, 252 23
Press release date: July 10, 2012
ReadSoft North America has entered into an agreement with an industry leader in flavor and scent creations to streamline its accounts payable operations with ReadSoft's SAP® certified invoice automation solution. The deal is worth 535,000 USD and was signed in the second quarter of 2012.
Challenged with a labor intensive accounts payable process and poor traceability, this global organization realized a need for an innovative invoice automation solution with seamless integration into its SAP Enterprise Resource Planning System. With incoming invoices being keyed in and over 80% of them requiring matching against purchase orders, their objectives were to eliminate manual processes, gain visibility and control, and increase efficiency in their accounts payable operations.
After researching available options in the market, this company chose ReadSoft's SAP® certified invoice automation solution over competitive solutions. ReadSoft's unsurpassed reputation of thousands of successful implementations within SAP environments and the offering of solid expertise from resources solely dedicated to SAP consulting and development were key decision factors. By automating its accounts payable operations, the company will achieve its goals of reduced invoice processing cycle times and improved visibility and control over their accounts payable processes.
"This organization recognized the importance of automating its manual invoice processes for more cost-effective and efficient operations," says Per Åkerberg, President and CEO of ReadSoft. "We look forward to working with them towards the success of their business by helping them to achieve their invoice processing goals."
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 10, 2012 at 14:45 CET.
For additional information, please contact
AB Johan Holmqvist, Vice President, Corporate Communications
Phone: +46 708 37 66 77
ReadSoft is a leading global provider of software solutions for Document Process Automation. ReadSoft's software enables companies to automate document processes such as accounts payable processing, document capture, document sorting, and order to cash. ReadSoft is by far the world's number one choice for automated invoice processing, especially into business systems from SAP and Oracle. Since the start in 1991, ReadSoft has grown to a worldwide group with operations in 17 countries on six 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 Stockholm's Small Cap list. For more information about ReadSoft, please visit www.readsoft.com.