Global Apparel Company Expands Invoice Automation Solution through Agreement Worth 280,000 USD
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A world-leading American apparel company has chosen to expand its use of ReadSoft's invoice automation software to its European branch. The new invoice automation agreement is worth 280,000 USD.
The customer has already been processing tens of thousands of invoices with ReadSoft's SAP-certified invoice automation solution at its North American shared service center. The company is now expanding the solution to cover tens of thousands of its European invoices per year. The invoice automation solution is end-to-end, from arrival to posting, and is seamlessly integrated with the customer's SAP system. ReadSoft, with thousands of references worldwide, was deemed the market leader within the SAP segment by the customer, providing the most complete invoice automation solution based on best practices.
The invoice automation solution will be physically located at the company's global data center in the US and will be accessible by its European accounts payable center. A solution partner will execute the invoice capture and OCR implementations while the rest of the installation will be handled by the company internally.
"We are pleased to see this organization maximizing its investment and expanding its invoice processing initiative to the European region," says Jan Andersson, CEO of ReadSoft. "This ultimately shows that ReadSoft's solutions are modular and capable of managing the diverse and complex international environment. We look forward to working continuously with this client to provide the most efficient invoice automation solutions and services."
This information is such that ReadSoft AB (publ) is to publish in accordance with the Swedish Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication on December 21, 2010 at 2.15pm CET.
For additional information, please contact
ReadSoft AB
Jan Andersson, President and CEO
Phone: 46 708 37 66 00
Johan Holmqvist, Vice President, Corporate Communications
Phone: 46 708 37 66 77
Email: johan.holmqvist@readsoft.com
About ReadSoft
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 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.
